PSE Market Summary:
The Philippine Stocks Market is down by 110.08 or 1.61% to close at 6,725.13. Total trades recorded were 38,174 with 58 stocks advances, 109 declines and 37 stocks unchanged.
MBT Posts 40% Net Income Increase
Metropolitan Bank & Trust Company (PSE:MBT) posted consolidated net income of P15.4 billion for 2012, 40% higher than the P11 billion posted in 2011. The growth was mainly attributed to 8% increase in deposits, fueling the 15% increase in loans and receivables.