This boost in profitability resulted in a return on equity (ROE) of 13.7 percent, up from 13.1 percent. Gains were fueled by the bank’s expanding lending portfolio, improved operational efficiencies, stable asset quality, and strategic capital optimization.
Net interest income also saw significant growth, up by 15.4 percent to P28.7 billion during the same period, driven by an increase in interest-earning assets and a higher net interest margin of 4 percent.
Additionally, Metrobank’s comprehensive loan services saw a robust increase, with commercial loans and consumer loans growing by 11.2 percent and 15.3 percent respectively, contributing to a total gross loan expansion of 12.1 percent.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
