MANILA, Philippines – Metropolitan Bank & Trust Company reported its net income increased by 48% in 2022, as the financial activities of business enterprises and consumers picked up where they left off.
The bank’s net interest income increased by 14% on the back of greater loan demand and a widened net interest margin of 3.6%.also saw a growth of 14% in its gross loans and a 15% growth in corporate and commercial loans. The bank’s consumer lending segment also saw a 29% increase in net credit card loans.
With its capital position and profits strengthening in 2022, Metrobank approved a total cash dividend of P3.00 per share for the year., the bank paid out a regular dividend of P1.60 per share on a semi-annual basis at P0.80 per share, along with a special cash dividend of P1.40 per share.