Metrobank Net Income for First 3 Quarters of 2021 Revealed

Update on Metrobank Net Income in 2021 amid the Pandemic

METROBANK NET INCOME – The net income of Metropolitan Bank & Trust Co. grew in the first three (3) quarters of the year 2021.

The Philippines is one of the countries greatly affected by the COVID-19 pandemic. Across the globe, the pandemic became the cause of the struggle of many healthcare systems that some even collapsed. In PH, community quarantine measures are up for more than a year now.

Businesses are faced with a huge challenge to stay afloat amid the unstable situations in the country. Truth be told that the much-need measures in fighting the spread of the virus demand businesses to make changes in their operation.

In fact, there are already businesses that had to close as they failed to cope with the demands of the pandemic. On the other, there are those whose income grew amid the crisis as they found new ways on how to deal with the current situation. Among these businesses are the banks.

One of the income recently reported is the Metrobank net income which grew by 46%. Based on a report on ABS-CBN News, Metropolitan Bank & Trust Co. said that their net income for the first three (3) quarters of the year 2021 is P16.1 billion.

The said Metrobank net income is a part of the total operating income that is P75.9 billion from January to September. The earnings of the bank in the third quarter grew by 131% to P4.4 billion. According to the bank, it got lower provisions as it managed the non-performing loans (NPL).

Metrobank President Fabian Dee said that their strategy is to have “a stronger balance sheet” that can enable them to optimize their operating performance. The CASA deposits or Current Account and Savings Account deposits of the bank grew by 13%.

Aside from the said bank, China Bank has also spoken on its income amid the crisis. You may visit – China Bank Net Income for First 3 Quarters of 2021 Revealed.