BANGKOK, Thailand – Metropolitan Bank & Trust Co. (Metrobank) Chairman Arthur Ty received The Asian Banker CEO Leadership Achievement Award for the Philippines at the recently concluded awarding ceremonies at Bangkok, Thailand.
Ty attributed the award to the people behind Metrobank’s transformation journey. “This award is an honor that I share with my fellow Metrobankers, our stakeholders, and most especially our customers. To be given this recognition is very meaningful for me since I have been part of the bank for the longest time now.”
Ty grew up working his way throught the bank from doing simple daily tasks and learning from mentors to leading the institution. Ty’s MBA degree from Columbia University, and his Western theoretical knowledge combined with his Chinese and Filipino street-smarts, were pivotal in his leadership style.
Under Ty’s leadership, the bank’s growth agenda focused on generating stable and diversified revenue streams and developing innovative and scalable solutions through streamlining and modernization.
“Ultimately, everything we do is for our clients. And it is their continuing trust and support that drive us to do our best in ensuring that they are always in good hands,” Ty said. Significantly, this award reflects Metrobank’s 57-year commitment of championing customers’ well-being and upholding the trust that comes with it.
In 2018 Metrobank’s net income grew by a robust 21% (year-on-year) to P22 billion, which represented the fastest growth posted among the top players in the local banking industry. This was driven by healthy growth in loans complemented by margin expansion, higher fee-based income, and manageable expense growth.
The Asian Banker CEO Leadership Achievement Award recognizes leaders of financial institutions that are central to the economies of countries in which they operate. It is considered as the highest honor for individual achievement in the banking industry of the Asia Pacific, Middle East, and Africa. It is a highly coveted award that is handed out every three years due to an extremely stringent evaluation process.