Metrobank posts 'record' P23.6-B profit in 1st half

TY-LED Metropolitan Bank & Trust Co. (Metrobank) saw its net income grow to a "record" P23.6 billion from January to June, up 12.9 percent from P20.8 billion last year, on the back of robust asset expansion, stable margins, well-managed cost growth, and healthy asset quality.

Return on equity (ROE) came in at 13.3 percent, up from last year's 12.9 percent, the country's second-largest private universal bank told the stock exchange on Thursday.