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CITATION Met14 /L 1033

Metropolitan Bank & Trust Company (Metrobank) was established in 1962 by a group of Filipino businessmen to provide financial services to the Filipino-Chinese community. It was one of the first Philippine banks to receive a universal banking license. Through acquisitions and mergers, Metrobank has grown its domestic branch network in the Philippines. It opened its first international branch in Taipei in 1975 and has since expanded its international network. As of 2018, Metrobank has over 950 domestic branches and 31 foreign branches and subsidiaries, employing over 12,500 people.

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57 views2 pages

CITATION Met14 /L 1033

Metropolitan Bank & Trust Company (Metrobank) was established in 1962 by a group of Filipino businessmen to provide financial services to the Filipino-Chinese community. It was one of the first Philippine banks to receive a universal banking license. Through acquisitions and mergers, Metrobank has grown its domestic branch network in the Philippines. It opened its first international branch in Taipei in 1975 and has since expanded its international network. As of 2018, Metrobank has over 950 domestic branches and 31 foreign branches and subsidiaries, employing over 12,500 people.

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Overview

Metropolitan Bank & Trust Company (Metrobank) was established on September 5, 1962

by a group of Filipino businessmen mainly to provide financial services to the Filipino-Chinese

community. Metrobank was one of Philippines' first banks to receive a universal banking license

issued by Bangko Sentral ng Pilipinas in August 198. Metrobank's operations in the Philippines,

and mainly its domestic branch network, have grown and through a series of acquisitions and

mergers since its establishment with its first office located in Binondo, Manila. Following a 1993

shift to the BSP's policy of limiting the opening of additional branches of banks in the

Philippines, rapid expansion of the bank's domestic branch network happened. After the opening

of its first international branch in Taipei in 1975, Metrobank's international network of foreign

branches and representative offices has expanded, primarily in response to the increased volume

of remittances by OFWs [ CITATION Met14 \l 1033 ].

1962-2007

2007-present
The Metrobank was founded by Dr. George Siao Kian

Ty and has been the Group Chairman until his death in

November 2018. He served as the Chairman Emeritus in GT

Capital Holdings, Inc., Chairman in Toyota Motor Philippines

Corporation and Metrobank Foundation, Inc. and he also

owned stakes in Federal Land, Inc., the Bank of the Philippine

Islands and Philippine Savings Bank, a Metrobank subsidiary,

and owned hotels under the Grand Hyatt and Marco Polo brands. He obtained his doctorate

degree in Humanities from the University of Santo Tomas, where he also earned a bachelor's

degree[CITATION For19 \l 1033 ].

As of 2018, Metrobank strives to offer effective banking to Filipinos worldwide having a

more than 950 domestic branches, and 31 foreign branches, subsidiaries and representative

offices with a total of 12,581 employees. Its head office is located in Metrobank Plaza, Makati

City. The bank’s URL is www.metrobank.com.ph and can contact them through their telephone

numbers such as (02) 88-700-700 in Metro Manila and for domestic toll free, 1-800-1888-5775

[ CITATION Met19 \l 1033 ].

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