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October 01, 2023

Metrobank sees credit growth in second half 2022

The bank sees robust recovery in terms of loan growth in the next coming months.

Metropolitan Bank & Trust Co. (Metrobank) sees sustained credit growth amid the series of policy rate hikes by the BSP.

Bankero Minda Claver Olonan said that the market recovered in loan growth in the first half, and they are expecting a growth in demand in various sectors.

As the economy picks up from the COVID-19 pandemic effects, businesses are building their inventories so there is demand for working capital, and thereby, lending uptick.


BSP disqualifies unregistered money service business

The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.

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