The Ty family’s flagship banking arm Metropolitan Bank & Trust Co. said net income in the first semester of 2023 surged on higher loans and profit margins. | miguelrcamusINQ /PDI
“As the economy further expands, we see more market opportunities that will keep our upward momentum and sustain our efforts to better serve our customers,” he added.In the first half of the year, gross loans climbed 8.6 percent year-on-year, driven by a 7.2-percent rise in commercial loans and 14.1-percent expansion in consumer loans.
Total deposits grew by 9.3 percent year-on-year to P2.3 trillion. Trading and foreign exchange gains stood at P3.1 billion while fee income rose by 10.2 percent to P8.1 billion.Subscribe to our daily newsletter
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