PSBank gets highest score from PhilRatings

ABS-CBN News

Posted at Apr 08 2019 02:54 PM

MANILA - PSBank, said Monday it received the highest corporate credit rating from local debt-watcher PhilRatings.

The PRS Aaa score means PSBank has a "very strong" capacity to fulfill its financial obligations, Metrobank's thrift arm said in a statement.

PhilRatings considered the bank's solid market position, forward-looking strategy, management and growth in core interest income, PSBank said.

"PhilRatings notes that recent product and service offerings have become more technology-based, as the bank prepares for the next generation of bank customers, who are seen to have more choices and be more demanding," it said. 

PSBank is the country's second largest thrift bank with P237.7 billion in assets and 250 branches as of December 2018.