RSS

MBT’s net income dips in 2014

03 Mar

BY UNICAPITAL SECURITIES

Metropolitan Bank and Trust Company’s (MBT) net income last year dropped as the decline in trad- ing and other income more than offset the growth of its lending business.

It earned PHP 23.105 billion in 2014.

This was 4.35% lower than the PHP 24.156 billion the previous year.

Be a SMART stock investor guided by 8 top stockbrokers! (size 468x60)
Which stocks to BUY or SELL? Find out on PinoyInvestor.com!

Pulling down profitability was a 28.35% drop in other operating income to PHP 29.131 billion last year form PHP 40.655 billion in 2013.

Net interest income reached PHP 45.763 billion last year, up from PHP 38.269 billion in 2013.

The bank’s loans and receivables rose 24% to PHP 759.5 billion from PHP 611.06 billion in 2013.

This was financed by a 17% growth in deposit liabilities to PHP 1.2 trillion from PHP 1.016 trillion over the same period.

Advertisements
 
Leave a comment

Posted by on March 3, 2015 in Corporate News, MBT, Stock Market

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: