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.
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.