Q12021 net income increased by 27.1 percent year on year to P7.8 billion due to stable asset quality, solid non-interest income output, and a modest increase in operating expenses.
- The NPL ratio stood at 2.4 percent at the end of 2020.
- Non-interest profits increased by 28% year on year to P7.9 billion.
- Current and savings account (CASA) deposits increased by 16% to P1.3 trillion.
MBT’s positive earnings for the first quarter may indicate a further rebound in the months ahead. Furthermore, the banking industry is one of the sectors hammered by the Covid 19 pandemic, which underestimates stocks.
Generally speaking, immediate support is at 44.00 and resistance is at 52.00. It’s very possible that the death cross will form in the near future hence, set a 5 to 7 % cut loss price below your average price.
Material in this article is obtained from sources we believe to be reliable, but its reliability or precision cannot be guaranteed. This is for the sole purpose of providing details and does not provide an offer from us to buy or sell securities mentioned in this document.