Metrobank recognized strongest bank for 3rd time

Metropolitan Bank & Trust Co. (Metrobank) becomes the first 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.

“Metrobank is privileged to have a team of committed Metrobankers who are dedicated to live up to the promise of keeping our clients’ trust, and delivering consistent and stronger results year after year for our shareholders. We are honored to accept this award and we maintain our strong commitment to serve as the financial institution that our valued clients and stakeholders can depend upon for their financial needs,” said Metrobank president Fabian Dee.

Metrobank continues to sustain its strong performance as it booked a 34-percent growth in net income to P20.9 billion in the first half of the year, fueled by asset expansion, enhanced margins and robust fee income growth. This translated into a 12.9-percent return on equity, higher than 10 percent recorded in the same period last year.