Business & Economy

Metrobank strongest bank in RP

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Metrobank has been named by The Asian Banker as the bank with the strongest balance sheet for 2013 in the Philippines. 


The recognition was the second time for the bank.

Metrobank is the only Philippine bank in the top 50, ranking 44th overall in the Asia-Pacific region. 
The Asian Banker 500 is an annual study on all commercial banks identifying the strongest balance sheets in the Asia-Pacific region. 

Banks were evaluated on a transparent balanced scorecard approach, weighted against six crucial elements, such as scale of operations, balance sheet growth, risk management, profitability, asset quality and liquidity.

In presenting the award, Foo Boon Ping, managing editor of The Asian Banker, said “Metrobank achieved a record in profits, supported by the country’s sound macroeconomic fundamentals, while improving the asset quality and maintaining strong risk profile and liquidity.”

“It is a great honor to be recognized as the strongest bank in the Philippines for the second time,” said Metrobank president Fabian Dee.

“This recognition reaffirms that the strategies we implemented are on track to sustain growth and increase profitability. 
Metrobank will continuously strive for excellence to ensure world-class banking experience for our clients,” Dee said.
The Asian Banker 500 ranking is considered to be the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of banks in the region.

The bank is the Philippines’ second biggest in assets at over P1.1 trillion. It has extensive consolidated network that spans over 830 branches and 1,800 automated teller machines (ATMs) nationwide and 33 foreign branches, subsidiaries and representative offices around the world. Daily Tribune

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