The Metrobank Group is a premier financial conglomerate with a diversified portfolio and a track record spanning over 60 years. It offers a wide range of banking and other financial products and services including institutional and consumer banking, investment banking, leasing and financing, and bancassurance.
Metrobank’s extensive network is well-positioned to serve the country’s growing economy, with 950+ branches and 2,300+ automated teller machines (ATMs) nationwide. It also has an international network that can be found across Asia, the Americas, and Europe.
Net Income
₱42.2
BILLION
Net Loans and Receivables
+8%
YOY
Net Interest Margin
3.9
Percent
Operating costs
+14%
YOY
We posted record earnings of PHP 42.2 billion, 28.9% higher year-on-year. This is on the back of Metrobank’s asset expansion, margin growth, improved efficiency levels, and better asset quality. Our net interest income grew by 22.7% fueled by higher loan demand and better net interest margin of 3.9%. Meanwhile, fee income increased by 9.0% to PHP16.4 billion, largely driven by the expanding consumer business. Operating expenses increased by 14.0% year-on-year driven by transaction-related taxes, other costs, and higher manpower inline with capacity expansion. With revenue growth outpacing that of operating expenses, our pre-provision operating profit rose by 24.6% to 64.8 billion pesos in 2023. As a result, cost to income ratio eased to 52.1% from 54.3% in 2022.
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Learn moreMetrobank is listed on the Philippine Stock Exchange with the ticker symbol MBT. Learn more about its total outstanding shares, share price performance, and who the Top 100 stockholders are.
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