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Metropolitan Bank & Trust Co. said Tuesday its net earnings grew 14.5 percent in the first quarter of 2024 to P12.0 billion from a year ago.
The bank said its improving profitability was driven by consistent growth of its lending portfolio, better operational efficiencies, stable asset quality and continued execution of strategies to optimize the use of capital. “As we remain focused on sustaining the bank’s profitability, our strong commitment to our customers is at the center of our growth strategy. We will consistently offer tailored financial solutions that directly address the needs and goals of those we serve to help them build a more prosperous future,” said Metrobank president Fabian Dee.The bank’s net interest income grew 15.4 percent to P28.
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