Metropolitan Bank & Trust Co. (Metrobank) is named “The Strongest Bank in the Philippines” by The Asian Banker for the second consecutive year.
“The bank continued to outperform its peers in the country in terms of capitalization and liquidity. Tier 1 capital ratios, total capital ratios and the ratio of cash to total deposits and borrowings remained high. In addition, the bank expanded its low-cost CASA deposits, reflecting its solid deposit business. Meanwhile, with its prudent management of credit risk, the bank has demonstrated stronger asset quality than its peers in the country,” said Asian Banker in its rationale for selecting Metrobank as the Philippines’ top balance sheet bank for 2022.
Metrobank President Fabian Dee presented the award to the bank’s 14,000 Metrobankers: “Since our beginnings 60 years ago, the goal has always been to deliver on our promise to keep our customers in good hands while delivering consistent results for our shareholders. We could not have done it without the support of our employees. That is why we dedicate this award to them.”
This coveted award is given to financial institutions that have demonstrated strength based on their financial performance, which includes their ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
“Due to the solid commitment of our Metrobankers, our bank has performed strongly over the past two years. Therefore, we are very grateful for this timely recognition from The Asian Banker for our efforts to remain strong and continue to be a trusted partner to all of our stakeholders. We are now even better positioned to withstand growing global concerns about inflation, rising interest rates and the possibility of a recession,” concluded Dee.
Until the end of September 2022, Metrobank will remain the country’s second-largest private universal bank. Capital ratios are among the highest in the industry, with an overall CAR of 17.2% and a Common Equity Tier 1 (CET1) ratio of 16.3%. The consolidated assets were PHP 2.7 trillion, making it one of the strongest and well-capitalized banks in the country.
Apart from this consecutive win, Metrobank is also proud to have received several awards from various global experts: “The Best Bank in the Philippines” by Euromoney, “Best Corporate Bank” and “Best Domestic Private Bank” by Asiamoney, “Most Helpful Bank during Covid-19 in the Philippines” by The Asian Banker and the highest ranked bank for “Grow Your Career in the Philippines” by LinkedIn.