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Metrobank earnings reach record P48.1B in 2024

Summary by Inquirer
MANILA, Philippines — Metropolitan Bank and Trust Co. (Metrobank) booked a 14-percent growth in its 2024 net income to a record P48.1 billion on “robust asset expansion.” In a stock exchange filing on Thursday, Metrobank said its net interest income likewise climbed by 8.7 percent to P114.1 billion, driven by a 17-percent increase in total

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InquirerInquirer

Metrobank earnings reach record P48.1B in 2024

MANILA, Philippines — Metropolitan Bank and Trust Co. (Metrobank) booked a 14-percent growth in its 2024 net income to a record P48.1 billion on “robust asset expansion.” In a stock exchange filing on Thursday, Metrobank said its net interest income likewise climbed by 8.7 percent to P114.1 billion, driven by a 17-percent increase in total

·Manila, Philippines
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bworldonline.combworldonline.com

Metrobank books record P48-B net profit in 2024 - BusinessWorld Online

METROPOLITAN BANK & TRUST Co. (Metrobank) saw its net income increase by 13.97% to a record P48.14 billion last year as its assets continued to expand. The bank’s attributable net profit was up from P42.24 billion in 2023, its financial statement disclosed to the stock exchange on Thursday showed. This translated to a return on average equity of 12.97% and a return on average assets of 1.45%, up from 12.51% and 1.42% in 2023, respectively. “The …

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Back End NewsBack End News

Metrobank reports 14% net income growth in 2024

Metrobank also recorded ₱18.1 billion in fee and trust income, while gains from trading and foreign exchange transactions reached ₱5.6 billion, reflecting a 39% year-on-year increase. The post Metrobank reports 14% net income growth in 2024 appeared first on Back End News.

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Inquirer broke the news in Manila, Philippines on Thursday, February 20, 2025.
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