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Metrobank jumpstarts 2021 with 27 1% profit surge

Published May 3, 2021, 11:05 AM Metropolitan Bank & Trust Company’s (Metrobank) net income leaped 27.1 percent  YoY to P7.8 billion in the first quarter of 2021.  The robust net income growth was due to stable asset quality, strong non-interest income performance, and marginal rise in operating expenses.  “Our strategy and prudent approach last year paved the way for a strong start in 2021,” said Metrobank President Fabian S. Dee. “Our capital position is double the regulatory minimum, with capital adequacy ratio (CAR) of 19.9 percent  and Common Equity Tier 1 (CET1) of 19.0 percent. Our reserves also cover 166 percent of our non-performing loans (NPL). This ensures that Metrobank will sustain its business resilience, and we remain confident that the Bank is ready to take on opportunities as the economy recovers. We are in a strong position to withstand a resurgence in asset quality risks and we remain vigilant even as we all continue to battle the pandemic.” Mr. Dee

Metrobank books higher net income - BusinessWorld

BusinessWorld May 4, 2021 | 12:03 am BW FILE PHOTO METROPOLITAN Bank & Trust Co. (Metrobank) saw its net profit climb by 27.1% in the first quarter on strong non-interest income and stable asset quality, even amid the pandemic. The bank’s net profit attributable to equity holders of the parent company was at P7.83 billion in the first quarter, up from the P6.1 billion booked in the same period in 2020, Metrobank said on Monday. This translated to a return on average equity of 9.87%, up from 7.98% in the same period last year, while return on average assets also inched up to 1.29% from 1.01%. The bank said the growth in its net profit was driven by the 27% climb in non-interest income at P7.9 billion against the 6.2 billion seen a year ago. Earnings from fees and other charges remained flat at P3.3 billion, income from trust fees went up by 20%, while trading and foreign exchange gains doubled to P2.9 billion.

Metrobank ends 2020 with a strong capital position; posts net income at P13 8 billion

Metrobank ends 2020 with a strong capital position; posts net income at P13 8 billion
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Lateral move

Mr. Lambino has joined the BSP  as managing director (MD) of its corporate affairs office. At the 2019 Christmas party of the BSP Press Corps, Ms. Anna Linda Aquino was  guest of honor.  In July of the same year, Ms. Aquino had been  appointed member of the Monetary Board, replacing my retiring MBM Jun de Zuniga. Mr. Lambino finally obtained all the necessary clearances and approvals during the holiday season, paving the way for him  assume the permanent MD position with its  higher monthly take-home pay and better benefits. I don’t want to start the year with not too positive news but from what I’ve heard on the ground, there are unwelcome segments of the BSP workforce.

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