Metropolitan Bank 2011 Net Profit Surges 31.8%

Metropolitan Bank & Trust Co MTPOF posted a 31.8% surge in its 2011 net profit. Metropolitan Bank's 2011 net profit climbed to PHP11.03 billion ($258 million), versus a net profit of PHP8.37 billion in 2010. Metropolitan Bank's interest income gained 11.4% to PHP29.41 billion from PHP26.39 billion.