Ty family-led Metropolitan Bank & Trust Co. (Metrobank) has been declared the “Best Domestic Bank” in the Philippines for 2021 by Asiamoney, one of the most influential financial magazines.
“Metrobank is a firm to be reckoned with in the Philippines. ..What stands out with Metrobank is its sheer resilience during tough times, including all the uncertainty caused by the pandemic over the past eighteen months,” said Asiamoney editor Rashmi Kumar.
Kumar noted Metrobank’s status as one of the country’s premier universal banks, offering a diverse stable of business and products for a range of clients while showing strong growth year after year.
Metrobank credited its resilience to the lessons they learned from surviving the 1997 Asian financial crisis.
“Drawing from our experience back then, our mantra this time is to be proactive at the onset of a crisis so we can quickly get our feet back on the ground,” said Metrobank president Fabian S. Dee.
The bank pursued a prudent risk management strategy, ensured strong capital levels, and kept a healthy balance sheet with best-in-class asset quality metrics, Dee said.
Despite an economic downturn, Metrobank managed to grow its low cost current and savings accounts by 22% to P1.3 trillion, reflecting the its solid deposit franchise and customer confidence in the bank.