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

By Earl John Alfaro

Aug 02, 2024 12:18 am

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.

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