News Snapshot:
Ty family-led Metropolitan Bank & Trust Co. attained a 27.1-percent year-on-year growth in first quarter net profit to P7.8 billion, driven by stable fee-based earnings and a much larger treasury windfall. “Our strategy and prudent approach last year paved the way for a strong start in 2021,” Metrobank president Fabian Dee said in a disclosure to the Philippine Stock Exchange on Monday. ADVERTISEMENT The first quarter results translated to a return on equity of 9.87 percent, improving from 7.98 percent a year ago. “Our capital position is double the regulatory minimum, with capital adequacy ratio (CAR) of 19.9 percent and...
