Philippine Saving Bank (PSBank), the consumer and retail banking arm of the Metrobank Group, has retained its top-tier Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook, as assessed by Philippine Rating Services Corporation (PhilRatings).
The rating indicates PSBank’s robust ability to meet financial obligations compared to other Philippine corporates, and the Stable Outlook suggests no significant changes in the rating are expected within the next year.
The rating considers the bank’s strong market position, sound capitalization, improved asset quality, experienced management team, and favorable prospects in its primary market, despite prevailing economic conditions including elevated inflation and interest rates.
As of March 31, 2023, PSBank led the thrift banking sector in key indicators such as deposits, net loans, and capital, amid positive trends in the Philippine auto industry.
