Metrobank profit up 11%
Gerard S. dela Peña, Business World, August 17, 2009
TY-LED Metropolitan Bank and Trust Co. (Metrobank) said its net income jumped by a little over a tenth in the first half due to sustained growth in its lending and treasury operations.
In a statement released during the weekend, Metrobank said its net profit for the six months ending in June grew by around 11% to P3.1 billion from P2.8 billion in the same period last year.
“Interest margins and trading gains contributed strongly to the bottom line even as we provisioned aggressively and improved our cost income ratio,” Metrobank President Arthur V. Ty said in the statement.
“Our performance for the first half of the year reflects our continued focus on risk management and operational efficiency.”
Metrobank, the second largest lender in the country, said its net interest income or earnings from lending activities and held-to-maturity investments grew by 30% to P13.8 billion during the period as growth of low-cost deposits made funding of loans cheaper.
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Banks’ NPL ratio hits 3.36% in June, lowest since October 2001
By IRIS C. GONZALES
The Philippine Star, Saturday, August 15, 2009

The country’s universal and commercial banks’ recorded its lowest non-performing loan (NPL) ratio in June, hitting 3.36 percent, the lowest figure since October 2001 when the ratio peaked at 18.81 percent, the Bangko Sentral ng Pilipinas (BSP) [Central Bank of the Philippines] reported yesterday.
The 3.36 percent ratio was lower by 0.33 percent point than the 3.69 percent recorded in May; And by 0.65 percentage point from the year ago figure of 4.01 percent.
The BSP said the ratio improved as banks’ total loan portfolio improved alongside the decline in bad loans.
Bad loans decline by 5.18 percent to P84.62 billion from the previous month’s P89.25 billion while banks’ total loan portfolio grew by 4.09 percent.
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