Metrobank income hits record P35.7 B in 9 months

Metropolitan Bank & Trust Co. (Metrobank) recorded a 12.4-percent jump in earnings to a record P35.73 billion from January to September versus last year's P31.79 billion, driven by strong asset expansion, improving non-interest income and better asset quality.

- By KEISHA TA-ASAN

Metrobank president Fabian Dee said the sustained growth shows the Ty-led bank's strong drive to support the growing needs of its clients while preserving the health of their portfolio.

"We look forward to the positive impact of recent regulatory measures on the banking industry alongside improving economic outlook," Dee said in a statement.

Based on its quarterly report, Metrobank's net interest income climbed by 11 percent to P85.7 billion during the nine-month period from P77.24 billion in the same time last year, with net interest margin at 3.9 percent from January to September.