At the recently held Euromoney Awards for Excellence 2022, Metropolitan Bank & Trust Co. (Metrobank) won the award for “Best Bank in the Philippines.” This shows how strong and reliable Metrobank is as the second largest bank in the country.
“A changing of the guard this year as Metrobank pushes aside other local banks to post the best numbers in a mercurial year. Metrobank’s story was about more than prudence. The bank is out there supporting a reviving economy, recording growth in its commercial lending business. It also took advantage of COVID to push digital channels and launch a host of new services to address its customers’ needs. Pretty much the entire street rates Metrobank a buy right now in recognition of a growing bank with strong capital and asset quality,” said Euromoney
The Euromoney Excellence Awards honor the best financial institutions around the world. For the Best Bank category, Euromoney looks at the following key metrics: market capitalization, total revenues, pre-tax profit, net income, return on tangible common equity, return on assets, net interest margin, cost-to-income ratio, Basel III Tier-1 capital, market share of deposits, market share of loans, loan-to-deposit ratio, non-performing loan ratio, and non-performing loan coverage ratio.
“It is a great honor to be named as the Best Bank in the Philippines by Euromoney, which is a highly regarded institution in the financial industry. This is very timely as we mark our 60th anniversary of serving Filipinos this September,” said Metrobank President Fabian Dee.
“This award shows how hard Metrobankers work to keep the Bank’s reputation as a strong, reliable, and stable partner for everyone. We at Metrobank will always do our best to be our customers’ trusted financial partner,” he said.
Metrobank has also recently won awards from Asiamoney, The Asian Banker, and LinkedIn for being, respectively, the Best Domestic Bank, the Strongest Bank, and the Top Banking Employer in the Philippines.
