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June 23, 2024

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.