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Metbank to focus on Mortgage Financing, E-banking

Wednesday, September 12, 2018

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the institution on a five-year horizon.

The lender’s mortgage business will prioritise property development, while its commercial banking activities will focus on e-banking and financial inclusion products, in an effort to meet the needs of customers and unlock shareholder value.

In the half year period ended June 30 2018, Metbank reported that net-profit surged 555% to $2,67 million from $403 453 recorded in the prior year on the back of cautious lending and aggressive loan recovery.

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