Metropolitan Bank & Trust Co.’s Private Wealth business bagged two accolades at the 2023 Asiamoney Private Bank Awards, further strengthening its position as the preferred partner of ultra-high net worth segment.
Metrobank garnered the Best Domestic Private Bank in the Philippines award for the second straight year. It was also named as the Best Bank for the Ultra-High Net Worth clients.
Metrobank’s performance versus competitors, successes in achieving market share and ability to cope with difficult or changing market conditions, were among the reasons why Asiamoney named Metrobank as the winner for both categories.
Metrobank’s Private Wealth Division managed to deliver exceptional results in 2022 amid challenging market conditions.
“Although the Covid-19 era was rough on the broader industry, Metrobank used the disruption to build up its internal muscle. It put relationship managers under stringent certification and training programs, for instance. That boosted quality and efficiency in product areas such as treasury and trust, basic derivatives, cash management, loans packaging, and consumer lending,” said Asiamoney.