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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Reserves slightly lower at $112.4B

Rice retailers to cut

BSP easing 'no longer likely to be as gung ho'

Tesla now in PH; cars start at P2.1M

Fed chief flags patient approach

Much to emulate from Mexico

PH to host UN climate change fund meeting