Metrobank commemorates 60 years of putting Filipinos in good hands.
As Metropolitan Bank & Trust Co. (Metrobank) marks its 60th anniversary, it aims to further strengthen the recovering economy by utilizing the full range of financial products and services that span its leasing and bancassurance operations as well as its retail, corporate, treasury, and investment banking activities.
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| Metrobank commemorates 60 years of putting Filipinos in good hands. |
"Our consumers have been at the forefront and heart of all we do for the past 60 years. As we celebrate our 60th year in business, Fabian S. Dee, president of Metrobank, stated that the company would "continue to evolve with our customers and strive to deliver more convenient and relevant banking products and services to meet their needs, which in turn helps fuel our country's economic growth."
60 years of proving sturdiness and dependability
In order to serve a variety of consumers, Metrobank has created secure and varied revenue streams as well as creative financial solutions. It has built both offline and online platforms to balance digital innovation and the human touch at each of its touchpoints.
The Bank currently has more than 940 consolidated branches around the country, more than 30 international branches, and more than 2,300 ATMs. Additionally, it offers internet banking tools so that account holders can manage their finances whenever and wherever they are.
"Our mission has always been to improve the quality of life for all of our stakeholders; thus, we constantly innovate and change to maintain our position as a strong and trustworthy bank for them. Even before the epidemic, we used digital technologies to address the change in consumer behavior and maintain relationships with individuals who still choose in-person interactions, according to Dee.
See Also: LinkedIn says Metrobank is the top banking employer in PH for 2022.
After posting a 33% increase in net income to PHP 15.6 billion in the first half of the year, the bank further demonstrated its strength and stability. The impressive earnings performance shows that Metrobank's loan portfolio expanded, interest margin improved, and fee income growth remained high despite the ongoing pandemic, all while operating costs were stable. Its total equity and combined assets were PHP 303.4 billion and PHP 2.7 trillion, respectively. With its capital adequacy ratio at 17.6% and its common equity Tier 1 at 16.8%—both considerably above the central bank's minimal requirement—the balance of Metrobank's sheet remained among the healthiest in the sector.
Banking as a social business
Doing well, supporting people, and advancing the country are inherent in the DNA of Metrobank. The bank supports social and financial initiatives through Metrobank Foundation Inc., its charitable arm.
Since its inception, Metrobank has committed to educating the greater Filipino community so that they can make informed financial decisions and gain trust. In keeping with its commitment to ensuring that stakeholders are always in "good hands," Metrobank introduced free and public financial education platforms and content to teach customers and the general public about personal finance, investing, and other financial concepts.
"Our consumers don't just account numbers; they're people. By providing people with financial education so they may make wise financial decisions and accomplish their goals, we want to be the bank that enlightens and assists customers in living life to the fullest, according to Dee.
Recently, Metrobank launched Wealth Insights, a platform where high-net-worth individuals can get timely market news, insightful analysis, and professional guidance to help them make informed investment decisions. The bank also introduced Earnest, a platform for financial education and investing for beginning investors. Another project aimed at first-time investors is Tara Invest, which consists of a video series. To assist customers in developing the habit of saving money, Metrobank established MoneyBasics, a collection of straightforward and imaginative articles and social media posts. In the meantime, Metrobank collaborated with Philippine Savings Bank and other regional banks to launch the Scam Proof campaign, a collection of online materials to educate Filipinos about the risks of financial fraud and how to prevent it.
While doing this, Metrobank frequently donates the proceeds of its accomplishments to the Metrobank Foundation, which uses them to fund initiatives that benefit deserving Filipinos, education, disaster relief, and the restoration of livelihoods, among other causes.
The Metrobank Foundation Outstanding Filipinos, the Metrobank Art & Design Excellence, the Metrobank Scholarship Program, the Metrobank MTAP-DepEd Math Challenge, the George S.K. Ty Grants Turnover, the National Teachers' Month celebration, and the Metrobank Foundation Professorial Chair Lectures are some of its flagship programs.
"It's not just about the stats for us. Metrobankers are taught that it is our duty to uphold moral standards and give back to society by our founder, Dr. George S.K. Ty. Because of this, we have always made sure that we can support other areas through the Foundation," stated Dee.
Leading international financial journals have acknowledged Metrobank's accomplishments and initiatives for consumers, companies, and communities in its 60th year. Euromoney rated it the best bank in the Philippines, Asian Banker dubbed it the most substantial bank, AsiaMoney named it the best domestic bank and best domestic private bank, and LinkedIn ranked it the top employer in the banking sector in the nation.
"I am happy with Metrobank's progress to this point. After 60 years, it is still going strong, and I can't wait to see what else we can do to better serve the Filipino people and make sure they are cared for for the ensuing 60 years and beyond," Dee remarked.
Visit ingoodhands.metrobank.com.ph for more information about Metrobank.