PSBank Posts PhP2.7B Net Income in 2018

Philippine Savings Bank (PSBank, PSE: PSB), the thrift-banking arm of the Metrobank Group (PSE: MBT), increased its net income in 2018 to PhP2.7 billion. This translates to a return on equity of 11.4% and a return on asset of 1.2%. Net interest income of PhP11.3 billion is up 2.3% year-on-year. “PSBank proactively responded to last […]
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Metrobank Net Income Jumps 21% in 2018

Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) posted a robust 21% net income growth in 2018, expanding to PhP22 billion from the PhP18.2 billion registered in 2017. Total resources likewise reached a new all-time high of PhP2.2 trillion. Metrobank’s strong performance was driven by the healthy growth in loans complemented by margin expansion, higher […]
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Metrobank Declares 5% Regular Cash Dividend

The board of directors of Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) approved the declaration of a 5% regular cash dividend to be paid to all stockholders as of March 1, 2019 (Record Date), with March 14, 2019 as the Payment Date.   Related Articles:PSBank Posts PhP2.7B Net Income in 2018Metrobank Net Income Jumps […]
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Metrobank Declares Stock Dividends

The Board of Directors of Metropolitan Bank & Trust Co. (Metrobank, PSE: MBT) approved the declaration of a 13% stock dividend equivalent to 517,401,955 shares amounting to PhP10,348,039,094. This represents the minimum 25% subscribed and paid-up capital for the increase in the authorized capital stock from PhP100 billion to PhP140 billion. Related Articles:GT Capital to […]
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Metrobank Offers LTNCDs

Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) is offering Long-Term Negotiable Certificates of Time Deposit (LTNCDs) at an interest rate of 5.375% per annum. The LTNCDs will have a tenor of five years and six months. The LTNCD issuance is pursuant to the authority granted by the Bangko Sentral ng Pilipinas (BSP) on July […]
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GT Capital to Subscribe in Metrobank Stock Rights Offer

GT Capital Holdings Inc. (PSE: GTCAP) has disclosed that it intends to fully subscribe in Metropolitan Bank and Trust Co.’s (Metrobank, PSE: MBT) stock rights offer (SRO), as disclosed by Metrobank on 17 January 2018. GT Capital currently owns 36.09% of Metrobank, one of the country’s largest banks in terms of assets, deposit base, and […]
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Metrobank Board Approves SRO

Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) received Board approval to conduct a Stock Rights Offer (SRO) by way of issuance of up to a maximum of 819,827,214 common shares, which is equivalent to the remaining unissued shares from the bank’s authorized capital stock. Timing and size of the transaction are subject to other […]
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MB Approves Sanctions on Metrobank

The Monetary Board (MB) approved the imposition of sanctions on Metropolitan Bank and Trust Company (MBTC, PSE: MBT) in connection with the examination conducted by the Bangko Sentral ng Pilipinas (BSP) relating to the PhP1.75 billion fraud allegedly perpetrated by one of its officers. In determining the appropriateness of the sanctions, the MB took into […]
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