Ty-led Metrobank has once again been named as the Strongest Bank by The Asian Banker, making it the first-ever Philippine financial institution to win the title for three consecutive years.
The Strongest Bank award is part of The Asian Banker’s annual ranking analysis of all major banks in the Asia Pacific Region based on their strongest balance sheet performance.
Assessments for a bank’s performance are based on a detailed scorecard established by six criteria of balance sheet performance; namely, the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
“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,” Metrobank president Fabian Dee said.
“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,” Dee added.
Metrobank, the country’s second largest private universal bank, posted a 34 percent jump in its net income to P20.9 billion in the first half of the year, fueled by its asset expansion, enhanced margins, and robust fee income growth.
The Strongest Bank title from The Asian Banker adds to the growing achievements Metrobank has received from notable global financial publications this year.
Metrobank has been named as the “Best Domestic Bank”, “Best Service for Trade Finance services”, “Best Bank from the Ultra-High Net Worth”, and “Best Domestic Private Bank” by Asiamoney.
It was also given the “Cesar E.A. Virata Award” under the Bank Category for the ninth year alongside six other trading awards because of its exceptional performance on fixed-income securities trading at the recently held 2023 Philippine Dealing System Awards Night.