Listed Metropolitan Bank & Trust Co. (Metrobank) said its strong balance sheet was putting it in a “very good” position to recover next year. According to the Metrobank official, the expected bounceback of the Philippine economy in 2021 was also providing optimism for the lender. NPL ratio is the share of bad loans to total loans, inclusive of interbank loans. Earlier, Metrobank said provisions for bad loans slashed its net income by almost half in thefirst nine months of the year. The lender set aside P35.4 billion in provisions for bad loans, almost five times the P7.8-billion provisions booked in January to September 2019.

Source: Manila Times November 05, 2020 16:29 UTC