Metrobank gets 3-peat Strongest Bank title

MANILA, Philippines — Metropolitan Bank & Trust Co. becomes the first-ever Philippine financial institution to claim the Strongest Bank title from The Asian Banker for three straight years.

The award is part of The Asian Banker’s pioneering and most credible annual ranking analysis of all major banks in the Asia Pacific Region based on their strongest balance sheet performance. Assessments for a bank’s performance are based on a detailed scorecard established by six criteria of balance sheet performance; namely, the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.

Indeed, Metrobank continues to sustain its strong performance as it books a 34 percent growth in net income to P20.9 billion in the first half of the year, fueled by the bank’s asset expansion, enhanced margins, and robust fee income growth – all of which resulted in a strong and stable asset quality. This translated to a notable 12.9 percent return on equity, higher than the 10 percent recorded in the corresponding period last year.

Metrobank brought home multiple achievements from notable global financial publications this year. Asiamoney named it as the “Best Domestic Bank,” “Best Service for Trade Finance services,” “Best Bank from the Ultra-High Net Worth,” and “Best Domestic Private Bank.”

Meanwhile, it was given the “Cesar E.A. Virata Award” under the Bank Category for the ninth year and six other trading awards because of its exceptional performance on fixed-income securities trading at the recently held 2023 Philippine Dealing System Awards Night.