Metrobank 2012 net income jumps 40%

MANILA, Philippines - Metropolitan Bank & Trust Company, the banking unit of tycoon George Ty's business group, registered a 40% increase in its 2012 consolidated net income to P15.4 billion, up from P11 billion a year ago.

In a disclosure to the PSE on Thursday, March 7, Metrobank attributed its healthy financial performance to the 33% jump in non-interest income and 5% growth in net interest income.

It ended 2012 with the following: 

Metrobank is the country's 3rd-largest bank in terms of assets. Its affiliate, PSBank, is the 2nd-largest thrift bank in the Philippines. - Christian Bautista/Rappler.com