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March 05, 2024

Metrobank secures back-to-back ‘Best Bank’ Honors

Metropolitan Bank & Trust Co. (Metrobank) has been honored with the prestigious title of 2023 Best Bank of the Year for the second consecutive year, as announced by “The Banker,” a financial publication affiliated with the Financial Times group.

In a statement, Metrobank revealed that the publication acknowledged the bank’s exceptional performance in 2022, its 60th anniversary year, achieving record-high earnings of P32.8 billion ($590 million). This success was attributed to robust demand for retail and corporate loans, substantial fee income, controlled operating expenses, and reduced provisions with stable asset quality.

Metrobank President Fabian S. Dee expressed in the statement that the recognition is particularly meaningful in light of the current challenging global economic landscape.