Metrobank net income hits P12.6B in March quarter

MANILA, Philippines — Metropolitan Bank & Trust Co. (Metrobank) reported a first-quarter net income of P12.6 billion thanks to asset expansion, improved margins and stronger fee income.  READ: Metrobank sees inflation staying within BSP target In a disclosure on Tuesday, Metrobank said its net interest income rose 13.6 percent to P33.4 billion. Meanwhile, net interest margin improved to 3.7 percent, reflecting better lending yields. READ: Digital banks top Forbes’ list of PH’s best banks Gross loans grew 9.2 percent, led by corporate and consumer segments. Total deposits reached P2.6 trillion, supported by growth in the low-cost current account and savings account segment. Fee […]... Keep on reading: Metrobank net income hits P12.6B in March quarter

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