MANILA, Philippines--Ty family-led Metropolitan Bank & Trust Co. grew net profit in the first semester by 18 percent year-on-year to P13 billion on higher earnings across its lending, fee-based and treasury businesses. For the second quarter alone, Metrobank's net profit rose by 22 percent year-on-year to P6.28 billion, the bank disclosed to the Philippine Stock Exchange on Friday. Metrobank's solid performance for the semester was attributed to its double-digit growth in operating income on the back of consistent loan growth and margin expansion, higher fee- based income, and prudent operational expenditures. "We are pleased with the results as our initiatives...
Keep on reading: Metrobank year-on-year net profit grows by 18% in 1st semester
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