Publicly listed Metropolitan Bank & Trust Co. (Metrobank) reported a slight increase in its net income in the first quarter of 2016, as it continued to make strides in its core business expansion, with sustained double-digit growth in loans and low cost deposits.

In a disclosure to Philippine Stock Exchange, Metrobank said its unaudited consolidated net income of P5.25 billion for the first quarter 2016 was higher by 3 percent compared to the same period last year.

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