Metrobank H1 core earnings jump 30%; net income down

Metropolitan Bank and Trust Co. (Metrobank), the listed commercial bank of tycoon George Ty, said its core earnings in the first half of the year rose 30 percent on the back of strong growth in both loans and deposits, higher contributions from fee based-income and improved efficiencies with better cost management.

In its quarterly report filed with the Philippine Stock Exchange, Metrobank said net income attributable to equity holders increased to P9.28 billion in the first half from P9 billion in the same period last year.