Metrobank achieved a record P48.1 billion in net income for 2024, marking a 14 percent year-on-year increase. This was driven by a strong asset expansion, with net interest income rising 8.7 percent and gross loans growing 17 percent. Notably, commercial and consumer loans surged 17.7 percent and 14.4 percent, respectively. The bank’s total deposits reached P2.6 trillion, supported by a high share of low-cost current and savings accounts. Metrobank also declared a P5 per share cash dividend for the year, including a special dividend.
The bank’s asset quality improved, with a non-performing loan ratio dropping to 1.43 percent, while provisions fell 29 percent. Metrobank maintained a solid balance sheet, with a capital adequacy ratio of 16.7 percent and a high liquidity coverage ratio of 256.1 percent. Recognized for its corporate responsibility and strong retail banking, Metrobank also retained its title as the Philippines’ strongest bank.
