Metrobank leads PH banking in 2023

While posting outstanding financial performance in 2023, Metropolitan Bank & Trust Co.’s (Metrobank) has been getting recognition left and right from leading financial publications, industry peers, and the government — cementing its leadership in the industry.

Keeping Filipinos in good hands

• Best Bank of the Year for the 2nd consecutive year, The Banker
• Strongest Bank in the Philippines for the 3rd consecutive year, The Asian Banker
• Best Domestic Bank, Asiamoney

Metrobank caught the eye of the Oscars of the financial sector, from The Banker, The Asian Banker to Asiamoney. These back-to-back awards serve as a testament that Metrobank is staying true to its brand promise of keeping Filipinos in good hands.

The major awards validate Metrobank’s exceptional financial performance, success in growing its market share, and ability to effectively serve its markets - demonstrating strength and reliability for its clients.

Numbers can attest to this. Metrobank booked a 35.6% year-on-year growth to ₱31.8 billion in its net income for the nine months ended September 2023, driven by its asset expansion, improving margins, and healthy non-interest income growth as asset quality continued to improve. This translated to a return on equity of 12.8%, higher than the 10.0% recorded in the same period last year.

Helping businesses thrive

• Best Service for Trade Finance services, Asiamoney
• Best Cash Management Service (Financial Facilities Category), Euromoney
• Best Cash Management Service (Domestic Bank Category), Asiamoney

There are enough reasons why many businesses choose Metrobank as their growth partner. Financial publications Euromoney and Asiamoney lauded the bank for helping businesses thrive this year, particularly for its outstanding trade and cash management services for its corporate clients.

Metrobank received these recognitions based on the publications’ surveys with trade and cash management clients all over the world – further reflecting the confidence of the Bank’s partner businesses to the solutions it provides.

While these awards are concrete proof that Metrobank is a growth enabler, the bank is laser-focused on its goal of supporting businesses to succeed and scale, eventually helping more Filipinos be employed.

Managing and growing clients’ wealth

• One of the 2023 Best Fixed Income Houses, Fund Managers’ Association of the Philippines
• Top Investment House in the Philippines (Bank Category), The Asset
• Cesar E.A. Virata Award (Bank Category) for the ninth year, 2023 Philippine Dealing System
• Best Bank from the Ultra-High Net Worth, Asiamoney
• Best Domestic Private Bank, Asiamoney

Keeping its clients’ hard-earned wealth in good hands is a top priority of the bank. This is why Metrobank aims to continue delivering top-notch investment and wealth management services to its clients, while navigating different market challenges.

Both The Asset and Fund Managers’ Association of the Philippines (FMAP) praised Metrobank and its team of experts, for its leadership, innovation, and strong performance in the investment space.

The Bank was also recognized by the Philippine Dealing System for its significant contribution to the growth of Philippine financial markets. Metrobank brought home six accolades including the prestigious Cesar E.A. Virata award (Bank Category), for the 9th consecutive year.

Meanwhile, Metrobank has strengthened its position as the preferred partner for the Ultra-High Net Worth clients, upon being named by Asiamoney as Best Domestic Private Bank in the Philippines award for the second straight year, and the Best Bank for the Ultra-High Net Worth clients.

Aiding in nation-building

• Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024, Bureau of the Treasury

As the Bank continues to empower its clients, it also strives to fulfil its commitment to serving its community.

Recently, Metrobank was awarded by the Bureau of the Treasury as the Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024, for the third consecutive year. This is in recognition of the Bank’s efforts in helping the national government to meet its financing requirements, and for supporting initiatives of the National Treasury in enhancing the access of Filipinos to investment opportunities.

These awards underscore Metrobank's commitment to strength, innovation, and service excellence. These show that the bank’s “You’re In Good Hands” promise goes beyond just its clients. It transcends to every Filipino impacted by its efforts to aid in economic growth and nation-building.

The article was first published on CNN Philippines.