Amid great demand from the debt and equity capital markets, the third-quarter net income of First Metro Investment Corp. (FMIC), the investment banking arm of the Metrobank Group, surged by 176 percent to P7.12 billion.

FMIC reported on Wednesday that it realized a consolidated net income of P7.12 billion at the end of the third quarter of 2013. This is 176 percent, or P4.54 billion higher than the P2.58-billion profit it realized in the same period last year.

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