Metrobank named ‘best bank in PH’

Metropolitan Bank & Trust Co. bagged the ‘Best Bank in the Philippines’ award at the Euromoney Awards for Excellence 2022, solidifying its strong position and reliability as the country’s second largest bank.

“A changing of the guard this year as Metrobank pushes aside other local banks to post the best numbers in a mercurial year. Metrobank’s story was about more than prudence. The bank is out there supporting a reviving economy, recording a growth in its commercial lending business. It also took advantage of COVID to push digital channels and launch a host of new services to address its customers’ needs. Pretty much the entire street rates Metrobank a buy right now in recognition of a growing bank with strong capital and asset quality,” Euromoney said.

Euromoney Excellence Awards recognizes the best of the best financial institutions globally. For the Best Bank category, Euromoney scrutinizes the following key metrics: 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 III 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.

“It is a great honor to be named as the Best Bank in the Philippines by Euromoney, which is a highly regarded institution in the financial industry. This is very timely as we mark our 60th anniversary of serving Filipinos this September,” said Metrobank president Fabian Dee.