August 24, 2017, 4:45 pm
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1 Philippine Peso = 0.07186 UAE Dirham
1 Philippine Peso = 2.19135 Albanian Lek
1 Philippine Peso = 0.03488 Neth Antilles Guilder
1 Philippine Peso = 0.33671 Argentine Peso
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1 Philippine Peso = 0.135 Bolivian Boliviano
1 Philippine Peso = 0.06144 Brazilian Real
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1 Philippine Peso = 12.52006 Chilean Peso
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1 Philippine Peso = 58.28605 Colombian Peso
1 Philippine Peso = 11.17355 Costa Rica Colon
1 Philippine Peso = 0.01957 Cuban Peso
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1 Philippine Peso = 0.43209 Czech Koruna
1 Philippine Peso = 3.48268 Djibouti Franc
1 Philippine Peso = 0.12318 Danish Krone
1 Philippine Peso = 0.91822 Dominican Peso
1 Philippine Peso = 2.14647 Algerian Dinar
1 Philippine Peso = 0.25914 Estonian Kroon
1 Philippine Peso = 0.34533 Egyptian Pound
1 Philippine Peso = 0.45392 Ethiopian Birr
1 Philippine Peso = 0.01656 Euro
1 Philippine Peso = 0.03962 Fiji Dollar
1 Philippine Peso = 0.01527 Falkland Islands Pound
1 Philippine Peso = 0.01529 British Pound
1 Philippine Peso = 0.08616 Ghanaian Cedi
1 Philippine Peso = 0.8785 Gambian Dalasi
1 Philippine Peso = 172.92115 Guinea Franc
1 Philippine Peso = 0.14239 Guatemala Quetzal
1 Philippine Peso = 4.00117 Guyana Dollar
1 Philippine Peso = 0.1531 Hong Kong Dollar
1 Philippine Peso = 0.45643 Honduras Lempira
1 Philippine Peso = 0.12198 Croatian Kuna
1 Philippine Peso = 1.198 Haiti Gourde
1 Philippine Peso = 5.009 Hungarian Forint
1 Philippine Peso = 261.0448 Indonesian Rupiah
1 Philippine Peso = 0.07054 Israeli Shekel
1 Philippine Peso = 1.25296 Indian Rupee
1 Philippine Peso = 22.81354 Iraqi Dinar
1 Philippine Peso = 646.44882 Iran Rial
1 Philippine Peso = 2.09352 Iceland Krona
1 Philippine Peso = 2.49247 Jamaican Dollar
1 Philippine Peso = 0.01385 Jordanian Dinar
1 Philippine Peso = 2.1352 Japanese Yen
1 Philippine Peso = 2.01487 Kenyan Shilling
1 Philippine Peso = 1.34164 Kyrgyzstan Som
1 Philippine Peso = 79.92565 Cambodia Riel
1 Philippine Peso = 8.17413 Comoros Franc
1 Philippine Peso = 17.60908 North Korean Won
1 Philippine Peso = 22.06222 Korean Won
1 Philippine Peso = 0.0059 Kuwaiti Dinar
1 Philippine Peso = 0.01604 Cayman Islands Dollar
1 Philippine Peso = 6.52808 Kazakhstan Tenge
1 Philippine Peso = 162.39483 Lao Kip
1 Philippine Peso = 29.45412 Lebanese Pound
1 Philippine Peso = 2.99315 Sri Lanka Rupee
1 Philippine Peso = 2.24027 Liberian Dollar
1 Philippine Peso = 0.25729 Lesotho Loti
1 Philippine Peso = 0.05965 Lithuanian Lita
1 Philippine Peso = 0.01214 Latvian Lat
1 Philippine Peso = 0.02677 Libyan Dinar
1 Philippine Peso = 0.1841 Moroccan Dirham
1 Philippine Peso = 0.34915 Moldovan Leu
1 Philippine Peso = 1.0182 Macedonian Denar
1 Philippine Peso = 26.62884 Myanmar Kyat
1 Philippine Peso = 47.54451 Mongolian Tugrik
1 Philippine Peso = 0.15767 Macau Pataca
1 Philippine Peso = 7.0632 Mauritania Ougulya
1 Philippine Peso = 0.64704 Mauritius Rupee
1 Philippine Peso = 0.30033 Maldives Rufiyaa
1 Philippine Peso = 14.01037 Malawi Kwacha
1 Philippine Peso = 0.34596 Mexican Peso
1 Philippine Peso = 0.08361 Malaysian Ringgit
1 Philippine Peso = 0.25735 Namibian Dollar
1 Philippine Peso = 7.0632 Nigerian Naira
1 Philippine Peso = 0.57816 Nicaragua Cordoba
1 Philippine Peso = 0.1539 Norwegian Krone
1 Philippine Peso = 2.00059 Nepalese Rupee
1 Philippine Peso = 0.02707 New Zealand Dollar
1 Philippine Peso = 0.00752 Omani Rial
1 Philippine Peso = 0.01957 Panama Balboa
1 Philippine Peso = 0.06327 Peruvian Nuevo Sol
1 Philippine Peso = 0.06425 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.05811 Pakistani Rupee
1 Philippine Peso = 0.07095 Polish Zloty
1 Philippine Peso = 109.62629 Paraguayan Guarani
1 Philippine Peso = 0.0718 Qatar Rial
1 Philippine Peso = 0.07593 Romanian New Leu
1 Philippine Peso = 1.15543 Russian Rouble
1 Philippine Peso = 16.15574 Rwanda Franc
1 Philippine Peso = 0.07337 Saudi Arabian Riyal
1 Philippine Peso = 0.15192 Solomon Islands Dollar
1 Philippine Peso = 0.26554 Seychelles Rupee
1 Philippine Peso = 0.13031 Sudanese Pound
1 Philippine Peso = 0.15764 Swedish Krona
1 Philippine Peso = 0.02663 Singapore Dollar
1 Philippine Peso = 0.01528 St Helena Pound
1 Philippine Peso = 0.43447 Slovak Koruna
1 Philippine Peso = 146.74232 Sierra Leone Leone
1 Philippine Peso = 10.89806 Somali Shilling
1 Philippine Peso = 405.92448 Sao Tome Dobra
1 Philippine Peso = 0.1712 El Salvador Colon
1 Philippine Peso = 10.07591 Syrian Pound
1 Philippine Peso = 0.25733 Swaziland Lilageni
1 Philippine Peso = 0.65193 Thai Baht
1 Philippine Peso = 0.04773 Tunisian Dinar
1 Philippine Peso = 0.04379 Tongan paʻanga
1 Philippine Peso = 0.06807 Turkish Lira
1 Philippine Peso = 0.13216 Trinidad Tobago Dollar
1 Philippine Peso = 0.59221 Taiwan Dollar
1 Philippine Peso = 43.65095 Tanzanian Shilling
1 Philippine Peso = 0.49932 Ukraine Hryvnia
1 Philippine Peso = 70.27979 Ugandan Shilling
1 Philippine Peso = 0.01957 United States Dollar
1 Philippine Peso = 0.56075 Uruguayan New Peso
1 Philippine Peso = 81.4909 Uzbekistan Sum
1 Philippine Peso = 0.19517 Venezuelan Bolivar
1 Philippine Peso = 444.51183 Vietnam Dong
1 Philippine Peso = 2.02935 Vanuatu Vatu
1 Philippine Peso = 0.04937 Samoa Tala
1 Philippine Peso = 10.85815 CFA Franc (BEAC)
1 Philippine Peso = 0.05283 East Caribbean Dollar
1 Philippine Peso = 10.74819 CFA Franc (BCEAO)
1 Philippine Peso = 1.96419 Pacific Franc
1 Philippine Peso = 4.89043 Yemen Riyal
1 Philippine Peso = 0.25716 South African Rand
1 Philippine Peso = 101.5359 Zambian Kwacha
1 Philippine Peso = 7.08081 Zimbabwe dollar

Metrobank nets P5.6B in Q1

Metropolitan Bank & Trust Company (Metrobank) reported unaudited consolidated net income of P5.6 billion for the first quarter 2017, up 6 percent compared with the same period last year.

Fabian Dee, Metrobank President, said Metrobank sustained the momentum in its core business with “industry leading growth in loans and low-cost deposit generation resulting in better margins.”

“Fee income had a significant year-on-year improvement, while operating expense growth was kept at a very manageable level,” Dee said.

For the period, total revenues hit P19.9 billion while operating expenses grew at just 6 percent to reach P11.1 billion. 

“Our first quarter results reflect our capability to consistently deliver quality earnings from our core business. We are moving as planned in terms of diversifying revenues through sustained growth in net interest income and higher contributions from
fee-related initiatives” Dee said.

“Over time, our efforts were focused on building a healthy asset and funding mix to support margin expansion, while our continued investment in people and technology has started to bear fruit helping us gain more operating leverage,” Dee added.

As of quarter-end, Metrobank’s total deposits grew 16 percent year-on-year to reach P1.4 trillion. 

More importantly, CASA deposits expanded at a faster clip of 19 percent.

The sustained build-up of low cost deposits fueled the acceleration in the loan portfolio, which in turn climbed 26 percent to P1.1 trillion.

With this, total loans accounted for 57 percent of the asset base from 52 percent in the same period last year.

The commercial segment led the growth, up 30 percent year-on-year with strong contributions from the top corporate and middle market accounts.

The consumer business on the other hand, maintained its solid volume growth of 17 percent, with auto loans still the fastest growing segment among the Bank’s consumer assets.

The robust loan growth and relatively low funding cost contributed to the 14 percent increase in net interest income to P14.5 billion.

Metrobank’s net interest margins for the period improved to 3.7 percent, one of the highest rate among its peer banks.

Meanwhile, the bank’s non-interest income of P5.4 billion was boosted by the 18 percent growth in service fees and commissions and income from trust operations, which totaled P3.0 billion.

In addition, the bank reported P1.1 billion in net trading and FX gains and P1.3 billion in miscellaneous income.

Notwithstanding the strong loan growth for the period, the Bank’s asset quality metrics remained healthy and better than industry average.

Non-performing loans (NPL) ratio was at 0.9 percent, while NPL coverage continues to be more than adequate at 112 percent.

For the first three months of the year, the Bank reported provisions for credit and impairment losses of P1.1 billion.

Metrobank ended the first quarter with consolidated assets of P1.9 trillion, and equity at P200.5 billion.

Basel III total capital adequacy ratio (CAR) was well above the regulatory limit at 15.6 percent with Common Equity Tier 1 (CET1) ratio at 12.8 percent.
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