TY family-led Metropolitan Bank & Trust Co. (Metrobank) on Tuesday said that net income for the first nine months of 2024 had grown by 12.4 percent to a record P35.7 billion, from P31.79 billion last year, following strong asset expansion, a recovery in noninterest income and improved asset quality.
TY family-led Metropolitan Bank & Trust Co. on Tuesday said that net income for the first nine months of 2024 had grown by 12.4 percent to a record P35.7 billion, from P31.79 billion last year, following strong asset expansion, a recovery in noninterest income and improved asset quality.
Net interest income climbed 11 percent to P85.7 billion while net interest margin stood at 3.90 percent.Metrobank said that trading and foreign exchange gains reached P5.6 billion, up 56.4 percent from a year earlier, as it 'took advantage of favorable market developments during the third quarter.'Fee income edged up 2.7 percent to P12.5 billion while operating costs rose 11.
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