Bangkok, Thailand – Metropolitan Bank and Trust Co. (Metrobank) is recognized as the Best Managed Bank in the Philippines at the Asian Banker Leadership Achievement Awards 2019.

These awards are widely acknowledged by the financial services industry as the highest possible accolade given to companies and individuals within the Asia Pacific and Gulf regions.

The Best Managed Bank Award is based on excellent financial performance of organizations by measuring vision and strategy against actual achievements, the feedback of staff, customers, investors, and the industry. Metrobank was recognized for the following attributes: a superior domestic franchise under the leadership of its chairman and CEO, a strong commitment to domestic customers at the product and service levels, a strong governance structure at both the board and management levels, the ability to execute on strategy and respond to changes in the marketplace, and an environment that provides a stable and long term commitment to all shareholders. Due to a very stringent evaluation process, awards are only handed out once every three years. Apart from its outstanding credentials in the criteria listed above, Metrobank has likewise streamlined and modernized virtually every aspect of its operations in the past few years, focusing on seamless transactions and ease of doing business. The bank has also been consistent in generating stable and diversified revenue streams, while developing innovative and scalable solutions for its clients.

In 2018, Metrobank’s net income grew by a robust 21% (year-on-year) to P22 billion, which represented the fastest growth posted among the top players in the local banking industry. This was driven by healthy growth in loans complemented by margin expansion, higher fee-based income, and manageable expense growth.