Metrobank wins the Euromoney Best Bank in the Philippines title
16 July 2022
At the recently held Euromoney Awards for Excellence 2022, Metropolitan Bank & Trust Co. (Metrobank) won the category for “Best Bank in the Philippines,” reiterating its position as the second-largest bank in the nation and demonstrating its strength and dependability.
This year, there has been a change in the guard as Metrobank surpasses other neighborhood banks in posting the best results in an erratic year. The tale of Metrobank involved more than than caution.
In addition to seeing an increase in its commercial loan operations, the bank is out there assisting a recovering economy. In order to better serve its clients, it also used COVID to promote digital channels and introduce a variety of new services. In appreciation of a developing bank with solid capital and asset quality, practically the whole street currently rates Metrobank as a buy, according to Euromoney.
The top financial institutions in the world are honored by the Euromoney Excellence Awards. Market capitalization, total revenues, pre-tax profit, net income, return on tangible common equity, return on assets, net interest margin, cost-to-income ratio, Basel 3 Tier 1 capital, market share of deposits, market share of loans, loan-to-deposit ratio, non-performing loan ratio, and non-performing loan coverage ratio are the key metrics that Euromoney examines for the Best Bank category.
“Being named the Euromoney Best Bank in the Philippines, a reputable organization in the financial sector, is an enormous honor. As we celebrate serving Filipinos for 60 years this September, this is extremely timely, according to Metrobank President Fabian Dee.
This recognition is a result of Metrobankers’ tireless efforts to keep the bank’s reputation as a solid, trustworthy, and dependable partner for all of our stakeholders. As a dependable financial partner, Metrobank is still dedicated to supporting its clients, he said.
Other award-giving organizations, including Asiamoney, The Asian Banker, and LinkedIn, recently praised Metrobank for being the Euromoney Best Bank in the Philippines , the strongest bank, and the top employer in the banking industry, respectively.
