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Metropolitan Bank and Trust Company reported a net income of P24.8 billion in the first half of the year, driven by strong loan growth, recovering margins, solid trading income, and improved cost efficiency.
“Our first-half performance demonstrates the ongoing strength of our core businesses. As we move into the second half of the year, we remain committed to strengthening our fundamentals and executing prudent strategies to support our clients’ growth and achieve our medium-term objectives,” the bank stated.
Metrobank’s net interest income reached P60 billion in the first half, supported by steady growth across business segments and a sequential recovery in net interest margin.
Gross loans increased by 13.2% year-on-year due to strong performance across all portfolios, while institutional loans grew by 12.7% amid sustained growth in corporate capital expenditures.
Consumer loans rose by 15.3%, led by gross credit card receivables and auto loans, which increased by 18.2% and 17.8% year-on-year, respectively.
Total deposits amounted to P2.3 trillion, with P1.5 trillion held in low-cost current and savings accounts (CASA).
Non-interest income also surged by 46.2% to P17.6 billion in the first half, with fee-based income reaching P8.6 billion, supported by the expanding consumer business.
Trading and foreign exchange gains grew to P5.4 billion, driven by strong customer activity and optimized investment portfolio strategies.
The bank’s total consolidated assets expanded by 6% to P3.5 trillion during the period.
