Metrobank Investment Management Division Head John L. Padilla (left) receives his award as one of the Citywire Top 25 ASEAN Selectors 2023 from Citywire Investment Editor James Philipps (right).
Europe-based publication Citywire, through its Asian subsidiary Citywire Asia, recently announced its Top 25 ASEAN Selectors for 2023, naming Metropolitan Bank and Trust Co. (Metrobank) Investment Management Division Head John L. Padilla as one of the awardees.
Every year, Citywire identifies the most influential investment professionals across the ASEAN region through a set of quantitative and qualitative criteria.
Specifically, winners are picked from the nominations submitted by industry players to the publication, and Citywire Asia’s editorial team names the winners through a rigorous research and deliberation process to ensure that the award is given to those at the forefront of investment and product conversations throughout the region.
“It is truly an honor to be a part of an esteemed group of recognized professionals in the investment space,” said John L. Padilla, Investment Management Division Head for Metrobank. Metrobank’s Investment Management Division is a unit in its Trust Banking arm.
“This recognition validates our relentless drive to provide best-in-class investment services to our clients as we keep our promise of keeping them, and their investments, in good hands,” he added.
Metrobank has gained multiple recognitions from prestigious institutions for its exceptional performance in the past year.
It was recently awarded by Asiamoney as the Best Bank for ultra-high-net-worth clients, the Best Domestic Private Bank in the Philippines, and the recipient of the Best Service Award based on the publication’s Trade Finance Survey.
It also won 6 major awards at the Philippine Dealing System (PDS) Awards Night, including the prestigious Cesar E.A. Virata Award.
Last year, Metrobank also brought home major awards from top global financial publications. Euromoney and the Banker named it as the Best Bank in the Philippines for 2022. It was also recognized as the Strongest Bank in the Philippines by The Asian Banker for 2021 and 2022.
Metrobank is the country’s second largest private universal bank that empowers both retail and business clients with customized financial products and services fit to help reach their goals and full potential.
It has an extensive consolidated network that spans over 940 domestic branches nationwide, more than 2,300 ATMs, and above 30 foreign branches, subsidiaries, and representative offices.
The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times.
As of the first quarter of 2023, its capital ratios are among the highest in the industry, with total CAR at 17.6% and Common Equity Tier 1 (CET1) ratio at 16.8%.
Meanwhile, the Bank’s consolidated assets stood at PHP2.9 trillion, making it one of the strongest and well-capitalized banks in the country.