Metropolitan Bank & Trust Co. (Metrobank) commemorates its 60th anniversary by leveraging its comprehensive array of financial products and services that span retail, corporate, treasury, and investment banking, as well as leasing and bancassurance activities.
“For the past six decades, our customers have always been at the front and center of everything we do. As we mark our 60th year, we will continue to evolve with our customers and strive to deliver more convenient and relevant banking products and services to meet their needs, which in turn helps fuel our country’s economic growth,” said Metrobank President Fabian S. Dee.
Metrobank has established solid and diverse revenue sources over the years, as well as developed new financial solutions to meet the needs of various consumers. It has created both offline and online channels in order to find a balance between digital innovation and the human touch at all of its touchpoints.
Currently, the bank has over 940 consolidated branches around the country, over 30 international branches, and over 2,300 combined ATMs. It also offers internet banking services to accountholders, allowing them to execute financial activities whenever and wherever they want.
“Our goal has always been to enrich the lives of all our stakeholders so we continuously evolve and innovate to retain our status as a strong and reliable bank for them. Even before the pandemic, we have adopted innovations in the digital space to address the shift in consumer behavior, while cementing relationships with those who still prefer in-person transactions,” said Dee.
The bank demonstrated its strength and stability by reporting a 33% increase in net income to P15.6 billion in the first half of the year. The good earnings performance demonstrates that, despite the ongoing epidemic, Metrobank’s loan portfolio expanded, interest margins improved, and fee income growth remained strong while operational costs remained stable. Its total equity and consolidated assets were P2.7 trillion and PHP 303.4 billion, respectively. Metrobank’s balance sheet remained one of the industry’s strongest, with a capital adequacy ratio of 17.6% and a common equity Tier 1 of 16.8%, both far over the central bank’s minimum requirement.
The DNA of Metrobank is embedded in doing good, helping people, and benefiting the nation. This is accomplished via the bank’s philanthropic arm, Metrobank Foundation Inc., through financial education and social activities.
Metrobank has been devoted from its inception to providing the greater Filipino community with the knowledge that will increase their confidence and enable them to make sound financial decisions. Metrobank launched free and accessible financial education content and platforms to teach clients and the general public personal finance, investing, and other finance principles, in keeping with its pledge to always put stakeholders in “good hands.”
Metrobank just launched Wealth Insights, a website where people with a lot of money can get the latest market news, interesting insights, and advice from experts to help them make good financial decisions. Earnest is a platform for learning about money and investing that was also made by the bank. The Tara Invest project is another one that has a video series for people who have never invested before. Metrobank came up with MoneyBasics, which is a collection of simple and creative articles and social media posts to help people save money. In the meantime, Metrobank, Philippine Savings Bank, and other local organizations worked together to start the Scam Proof campaign. This is a set of online materials about how to avoid fraud that aims to teach Filipinos about the dangers of financial fraud and how to avoid it.
Metrobank, meanwhile, puts its success back into the community through the Metrobank Foundation. This organization gives grants and gifts in kind to programs that support outstanding Filipinos, education, disaster relief, and the rebuilding of livelihoods, among other things.
Its flagship programs include the Metrobank Foundation Outstanding Filipinos, Metrobank Art & Design Excellence, Metrobank Scholarship Program, Metrobank MTAP-DepEd Math Challenge, George S.K. Ty Grants Turnover, Disaster Response, National Teachers’ Month celebration, and the Metrobank Foundation.
In its 60th year, leading global financial publications abroad have recognized Metrobank’s strength and initiatives for customers, businesses, and communities. It was named the Philippines’ Best Bank by Euromoney; the Strongest Bank by the Asian Banker; the Best Domestic Bank and Best Domestic Private Bank by AsiaMoney; and the Top Banking Employer in the country by LinkedIn.