The Ty Family-controlled Metropolitan Bank and Trust Co. (Metrobank) has maintained its global standards and kept its reputation as one of the country’s strongest banks, if not the most resilient bank among 45 big banks, for decades.
Metrobank President and CEO Fabian S. Dee said in a statement over the weekend that on the bank’s 61st year as a Philippine financial institution, they are “honored to receive back-to-back recognitions.”
“At Metrobank, we always strive for excellence — whether it be in addressing our clients’ needs, achieving exceptional financial performance across our business, or contributing to nation-building. These awards are testaments to the steadfast commitment and relentless drive of each Metrobanker to keep Filipinos in good hands,” said Dee in the statement.
Metrobank has been recognized as the Strongest Bank in the Philippines by The Asian Banker for the third straight year and the Best Domestic Bank in the country by Asiamoney.
The bank gained these prestigious international recognitions from The Asian Banker and Asiamoney for its consistent strong financial performance across the board, said the bank,
In the first six months, Metrobank reported a 34 percent growth in net income of P20.9 billion, on the bank of asset growth, enhanced margins, and robust fee income growth while sustaining a stable asset quality.
On top of these awards, the bank was also listed by TIME Magazine and Statista as one of the World’s Best Companies. The "World’s Best Companies 2023", is a comprehensive list that ranks top performing companies across the globe based on employee satisfaction, revenue growth, and sustainability (ESG), said the bank.
These awards come from Metrobank being a reliable partner to financial consumers. “Before offering them a product or a service, every Metrobanker ensures that their clients fully and clearly understand the financial products and services they will avail of,” said the bank.
It added that despite its financial success, the bank’s priority and advocacy “is to educate Filipinos first as they step into their financial journey.”
“This is to make sure that every client makes a fully-informed financial decision and know how to protect themselves against fraud. This is made evident through Metrobank’s sustained financial education efforts – designed to equip Filipinos with reliable financial advice, fit for every life stage,” it said.
Last year, as part of financial literacy endeavors, Metrobank launched a comprehensive personal finance e-book and also introduced an Earnest app which aims to simplify investing by using bite-sized lesson cards and easy-to-understand articles that cover basic investing concepts.
Advanced investors can tap its Wealth Insights, an online portal that contains market-moving news and insights for a “timely and actionable investment ideas.”
Metrobank also provides its clients with regular reminders and guidance to protect themselves against fraudulent transactions via SMS, emails, and social media posts.
“Today, Filipinos can easily start their financial journey by going to Metrobank’s hundreds of branches nationwide or digitally via the Earnest app. Those aiming to further grow their funds through investments can do so with Metrobank’s Online Time Deposit, which offers an interest rate of up to 4.5%, or through Metrobank’s wide-range of unit investment trust funds (UITF),” the bank said.
The recently introduced NEW Metrobank app has an interoperable QR feature, which allows on-the-go clients to enjoy more convenient fund transfers to and from other banks and e-wallets.
The bank has always been a growth-enabler in that it “fuels the operational expansion of various businesses through its competitive lending rates, coupled with dedicated and dependable Metrobankers that cater to their needs.”
Enterprises are provided with solutions, such as the Metrobank Business Online Solutions (MBOS), Point-of-Sale terminals, Payroll, and Trust Banking, to help businesses manage their cash flow better, accept cashless payments, disburse salary to employees, and even grow their funds through investments, among many others.
“With its end-to-end financial solutions for enterprises, backed by decades-worth of exceptional track record on its service, Metrobank remains to be the best partner for promising businesses in the Philippines,” it said.