Metrobank also underscored its shrinking portfolio of bad loans, which was in line with increased economic activity.
From January to March this year, Metrobank recorded a 5 percent increase in gross loans to P1.3 trillion. Corporate lending alone grew 10 percent followed by an 8 percent increase in credit card receivables. Earnings were also lifted by noninterest income, which went up 5 percent due to higher service fees and commissions. Metrobank achieved P2.3 billion in trading and foreign exchange gains during the period, it added.
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