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Best Philippine Bank in the Year 2010...

London-based publication The Banker has declared Metropolitan Bank & Trust Co. (Metrobank) as Bank of the Year in the Philippines for 2010.

(Picture) Metrobank Business Logo

"We are honored to receive this award from The Banker,” said Metrobank president Arthur Ty.  "As the third top bank award we received for the year, it is a validation that we are on the right track with our strategies.”

The Banker is one of the world's longest-running and most respected banking and finance magazines, serving as a key source of data and analysis for the industry.  Read in 150 countries around the world, The Banker has been providing global financial intelligence since 1926 and has built a reputation for objective and incisive reporting on major events. It is a publication of The Financial Times, one of the world’s leading business news and information organizations, recognized internationally for its authority, integrity and accuracy.

This year’s The Banker awards highlight the banks that were able to effectively manage the previous year’s crisis and gained a strong position to capitalize on the new banking landscape.   Metrobank in particular was cited for its "strong management, sound business model, and prudent risk approach.”

"For a time, our strategies had been geared towards cleaning up our balance sheets and improving our asset quality.  This put us in a good position through the global financial crisis,” said Ty.  "This year, we began aiming for growth and focused more on our customers through enhancements in service quality, operational efficiency and workplace productivity.  We also remained cautiously optimistic, maintaining a prudent approach to risk-taking as we seized new business opportunities.”

Apart from The Banker’s "Bank of the Year” award, Metrobank was also accorded two top bank awards for 2010, namely "Best Bank in the Philippines” by Euromoney and "Best Domestic Bank in the Philippines” by Asiamoney.

Ty acknowledged their stakeholders for the recognitions Metrobank has been receiving.  "We are thankful to our stakeholders, especially our customers, who have remained loyal to the Bank.  Their unwavering trust continues to be our motivation in consistently achieving excellence.”

Metrobank is the country’s premier universal bank with an extensive consolidated network that spans over 1,300 automated teller machines (ATMs) nationwide, over 740 local branches, and 42 foreign branches, subsidiaries and representative offices.  For inquiries, please contact Metrobank 24/7 Customer Hotline at 8700-700, or log on to www.metrobank.com.ph.  For provincial areas, call toll-free 1-800-1888-5775.

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"Best Philippine Bank in the Year 2010" was written by Mary under the Banking category. It has been read 2944 times and generated 0 comments. The article was created on and updated on 09 January 2011.
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