Metropolitan Bank and Trust Company was recognized for the second time as the country’s best domestic bank for its strong financial performance and financial education efforts at the 2023 Asiamoney Best Bank Awards.
This is the second time that Metrobank received the award from the international finance magazine, after 2021 at the height of the pandemic. The publication said Metrobank’s exceptional performance versus competitors, success in growing its market share and remarkable strategy to cope with difficult or changing market conditions earned the bank the title.
Metrobank, amid the reopening of the economy in 2022, committed to enabling Filipinos – both individuals and businesses to take advantage of the gradual economic recovery. This fueled the bank’s performance across the board.
“The previous fiscal year posed many challenges for banks and other financial institutions as the world’s economies were not yet fully recovered from the pandemic. Despite this hurdle, Metrobank still posted an all-time high profit of P32.8 billion in 2022, a significant 47.9-percent growth from its P22.2 billion income in 2021. The bank also saw gains across the board with rising loans, increased profit margins, substantial fee income levels, well-controlled operating expenses, lowered provisions and stable asset quality,” said Asiamoney.