Metrobank recognized ‘Bank of the Year’

Metropolitan Bank & Trust Co. secured its third big award for the year after The Banker named it as the “Bank of the Year in the Philippines” for 2022.

“Metrobank has come out on top and secured the Bank of the Year award for the Philippines, thanks to the bank’s development of innovative services that respond to the specific needs of its customers,” said the Banker.

The UK-based publication noted the bank’s services and products that allowed clients to conveniently and securely conduct their financial transactions through its platforms.

The Banker underscored Metrobank’s understanding of the unique needs of customers and businesses of all sizes in the country, which propelled the bank to offer new and upgraded services, forge partnerships for growth, and provide community support through the programs of its corporate social responsibility arm, the Metrobank Foundation.

Metrobank president Fabian Dee, in receiving the award, said the bank has been in the industry for six decades.

“Throughout our journey, we have always ensured that we are able to thrive in different market conditions. We are thankful for The Banker’s recognition. It is most timely, given the challenging economic prospects that the world faces today,” he said.

Metrobank also recently received accolades from different international award-giving bodies. It was named as the Best Bank in the Philippines at the 2022 Euromoney Awards for Excellence and received the Strongest Bank title from the Asian Banker.

Metrobank saw its net income rise by 45 percent year-on-year to P23.4 billion in the first three quarters, spurred by continued expansion of the bank’s lending portfolio, better margins, healthy fee income, stable operating costs, and lower provisions.

Metrobank said it its robust capital position and balance sheet strength would provide ample support as it navigates through these uncertain times.

Its capital ratios are among the highest in the industry.