Metropolitan Bank & Trust Co. (Metrobank) is the top choice for Trade Finance in the Philippines, according to a survey by financial publication Asiamoney where the bank earned the Best Service Award.
Metrobank, the country’s second largest private bank, ranked first in the Philippines under the Best Services (Asian Banks) category and third under the Best Services category–cementing the Bank’s position as a leader in the industry.
The 2023 Euromoney-Asiamoney Trade Finance Survey identifies the leading providers of trade finance products and services in Asia, based on over 12,000 responses from clients across the world. Clients were asked on the quality of service they received from providers, and those who were given top assessments under several categories were named in the Best Service award.
Meanwhile, Asian Banks category excluded international banks to just pick out the excellent providers in Asia.
“We have a strong commitment to support our clients’ trade business. We always aim to deliver best-in-class trade finance products and services that are most suited for their business. After all, our promise has always been to keep them in good hands,” said Mary Mylene Caparas, Metrobank EVP and Head of Institutional Banking Sector.
“We are grateful to be named as the country’s Best Service Trade Finance provider. This attests to our dedication in helping our clients grow their business,” she added.
Metrobank has always prioritized the convenience and efficiency of their clients’ international and domestic trade transactions.
With this, the bank utilized electronic channels, streamlined internal processes, and maximized its trade hubs equipped with trade experts at strategic locations nationwide, to make sure that trade transactions are processed swiftly and are at par with international standards.
Metrobank has an extensive consolidated network that spans over 940 domestic branches nationwide, more than 2,300 ATMs, and above 30 foreign branches, subsidiaries, and representative offices.
The bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times.
As of the first quarter of 2023, its capital ratios are among the highest in the industry, with total CAR at 17.6 percent and Common Equity Tier 1 (CET1) ratio at 16.8 percent.
Meanwhile, the bank’s consolidated assets stood at P2.9 trillion, making it one of the strongest and well-capitalized banks in the country.
Metrobank has gained multiple recognitions from prestigious institutions for its exceptional performance in the past year. It was recently awarded by Asiamoney as the Best Bank for ultra-high-net-worth clients, and the Best Domestic Private Bank in the Philippines.
It also won 6 major awards at the Philippine Dealing System (PDS) Awards Night, including the prestigious Cesar E.A. Virata Award.Last year, Metrobank also brought home major awards from top global financial publications.
Euromoney and the Banker named it as the Best Bank in the Philippines for 2022. It was also recognized as the Strongest Bank in the Philippines by The Asian Banker for 2021 and 2022.
