Metrobank’s net profit up 14% in 2024 on higher loans and deposits

Its pre-provisioning operating profit fell 11%, however.

The Metropolitan Bank and Trust Co (Metrobank) swa its net profit grew 14% year-on-year (YoY) to $838.38m (PHP48.1b) in 2024, in line with expectations by CGS International.

The Philippine bank’s net income for the fourth quarter period was $216.13m (PHP12.4b), higher by 19% YoY.

Pre-provisioning operating profit (PPOP) fell 11% YoY on lower non-interest income (NII) and higher operating expenses, cushioned by Q3 tax benefits, CGS International said.

Gross loans and deposits grew 17% and 8%, respectively in 2024, which Metrobank attributed to double-digit increases from corporate and consumer loans.

(US$1 = PHP57.37; as of 10 March 2025, Google).

Also Read

Taiwanese banks’ total outstanding loans rise to $11.89b in Jan

Australia’s G&C, Unity Bank officially merge

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit