Metrobank keeps Philippines’ strongest bank title for sixth year
The lender posted first-half net income of ₱24.9 billion, while its nonperforming loan ratio was below the banking industry average.
The Asian Banker has named Metropolitan Bank & Trust Co. (Metrobank) the Philippines’ strongest bank for a sixth year running. The financial research and intelligence provider includes the recognition in its yearly ranking covering the world’s 1,000 largest and strongest banks.
Its assessment examines profitability, liquidity, risk management, asset quality and balance sheet strength. It also considers how well banks can withstand potential losses and sustain stable operations when economic conditions are difficult.
Metrobank’s first-half net income reached ₱24.9 billion. The bank recorded a nonperforming loan ratio of 1.8 per cent, against an industry average of 3.4 per cent. Its NPL coverage ratio was 133.3 per cent.
Fabian Dee, Metrobank’s president, credited customers’ trust and employees’ dedication to supporting clients through different market conditions for the bank’s strength. He said the recognition reflected the lender’s efforts to become stronger alongside its clients, communities and partners as they faced challenges and opportunities.
