Metrobank President Fabian Dee said “current conditions point to an expected slowdown in the business environment and challenges ahead. We started the year with healthy growth in loans, deposits and other revenue streams,” he added. The bank’s core business posted gross revenue growth of 13 percent, driven by a 6-percent growth in loans, 8-percent growth in deposits and non-interest income worth P6.2 billion. The bank’s nonperforming loans (NPL) ratio was relatively stable at 1.4 percent, while its NPL cover substantially improved to 114 percent. The bank’s total capital adequacy ratio is at 17.6 percent and common equity tier 1 ratio is at 16.3 percent.

Source: Manila Times April 30, 2020 17:10 UTC