Moody’s Investors Service has affirmed the investment grade rating of Ty-led Metropolitan Bank & Trust Co. and Ayala-led Bank of the Philippine Islands.
The profit of universal and commercial banks operating in the Philippines went up by 26.7 percent to P61.38 billion in the first quarter from P48.44 billion in the same quarter last year, according to the Bangko Sentral ng Pilipinas.
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