Metropolitan Bank & Trust Company (Metrobank) was named Best Domestic Bank in the Philippines by Asiamoney in its annual Best Bank Awards.
The award is the latest in a string of accolades for the group, including Best Manages Company in the Philippines, also by Asiamoney; and Best Bank in the Philippines by Euromoney.
The most recent recognition cites Metrobank for its efforts in strengthening its balance sheet; improvements in corporate governance and investor relations; increased transparency to its stakeholders; and strong share price performance. The bank has been attracting increased attention for its recent accomplishments. On an absolute 12-month performance, Metrobank shares rose 94% to close at Php45.00 at the end of 2009.
“It is an honor to receive this award from Asiamoney,” said Metrobank Chairman Antonio S. Abacan Jr. “Metrobank has always remained true to its commitment to being the best bank for its customers, driven by our value for thrust, leadership, and service.
For over a decade now, the Asiamoney Best Bank Awardshas been honoring financial institutions all over the region for outstanding business performance. The selection is based on independent research by the publication and discussions with market experts including analysts and fund managers. Also taken into account are the institution’s balance sheet performance, return-on-investment, share price and new business undertakings.
Asiamoney is a financial money publication that provides discerning reporting and analysis of financial and investment markets for capital issuers, borrowers, institutional investors, and senior corporate and government monetary decision-makers with business interests in Asia-Pacific countries.
Metrobank is the county’s premier universal bank with an extensive consolidated network that spans over 1,200 automated teller machines (ATMs) nationwide, over 730 local branches, and 42 foreign branches, subsidiaries and representative offices. For inquiries, please contact Metrobank 24/7 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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