Ty family-led Metropolitan Bank & Trust Co. chalked up a net profit of P28.1 billion in 2019, up by 27 percent from the previous year, on the back of higher interest and fee-based earnings alongside strong treasury gains.
“The bank performed significantly well in 2019, and all our initiatives contributed to the strong finish,” Metrobank president Fabian Dee disclosed to the Philippine Stock Exchange on Thursday.Net interest income expanded by 12 percent to P77 billion, accounting for 72 percent of the bank’s total revenues of P106.9 billion, bringing net interest margin to 3.84 percent.
Meanwhile, non-interest income rose by 26 percent to P29.9 billion, driven by higher customer flows in fixed income and foreign exchange, on top of a favorable financial market environment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DAR turns over P28 million road project to Bogo, CebuThe Department of Agrarian Reform (DAR) turned over on Feb. 12 a P28 million road project to the city government of Bogo in Cebu province to help connect the residents of five barangays to the metropolis.
Source: manilabulletin - 🏆 25. / 51 Read more »
Tough year: Jollibee net income down 14.4% in 2019Jollibee shrugs off its struggles in 2019, as it looks forward to more stores abroad bringing in more cash in 2020. Naluluge pa pala yan? They tried to expand too aggressively and ignored market research that inducted that their food tastes like hot garbage that I wouldn't feed my helper's pet askal. I wouldn't be surprised. Jollibee is becoming ho-hum... Boring... Nothing new.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Loisa Andalio in tears, as she breaks silence on 2019 ordealI think si Ronnie ung ka-video chat niya noon? showing your boobs on videochat is not an ordeal lol LoisaMy I careless !!!
Source: ABSCBNNews - 🏆 5. / 83 Read more »
International arrivals in Philippines exceeds 2019 targetCDNTopStories: To promote this new direction, the DOT started the ‘’Save Our Spots’ to call for each individual to be a responsible tourist and for continued efforts to preserve the country’s natural and man-made wonders. Read more:
Source: cebudailynews - 🏆 8. / 71 Read more »
DAR turns over P28 million road project to Bogo, CebuThe Department of Agrarian Reform (DAR) turned over on Feb. 12 a P28 million road project to the city government of Bogo in Cebu province to help connect the residents of five barangays to the metropolis.
Source: manilabulletin - 🏆 25. / 51 Read more »
HSBC plans to cut 35,000 jobs as profit drops 33%The strategy overhaul comes as HSBC contends with a growing list of negative headwinds, including falling interest rates, which make lending less profitable
Source: CNN Philippines - 🏆 13. / 63 Read more »