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Company Background

Metropolitan Bank & Trust Company (Metrobank) was founded in 1962 in Manila, Philippines to serve the Filipino-Chinese population. It has since grown to become one of the largest banks in the Philippines, with over 2.4 trillion PHP in assets as of 2021. Metrobank has expanded internationally as well, opening branches in Taiwan, Hong Kong, Guam, New York and Los Angeles. It offers a wide range of banking services and products to individuals, businesses and corporations. As of 2022, Metrobank has over 14,000 employees, 2,300 ATMs nationwide, and 950 branches, making it the second largest private bank in the Philippines.

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Andrea Gale Dela Cruz
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22 views2 pages

Company Background

Metropolitan Bank & Trust Company (Metrobank) was founded in 1962 in Manila, Philippines to serve the Filipino-Chinese population. It has since grown to become one of the largest banks in the Philippines, with over 2.4 trillion PHP in assets as of 2021. Metrobank has expanded internationally as well, opening branches in Taiwan, Hong Kong, Guam, New York and Los Angeles. It offers a wide range of banking services and products to individuals, businesses and corporations. As of 2022, Metrobank has over 14,000 employees, 2,300 ATMs nationwide, and 950 branches, making it the second largest private bank in the Philippines.

Uploaded by

Andrea Gale Dela Cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

Introduction

The Metropolitan Bank & Trust Company, which was founded in 1962, has grown to
become the premier universal bank and one of the Philippines' most significant financial
institutions. Metrobank has been around for more than 50 years and aspires to provide
meaningful banking to Filipinos all around the world. It boasts a wide range of products,
including credit cards, leasing & financing, investment banking, thrift banking, and
bancassurance. 

A group of Filipino businessmen founded Metrobank in Binondo, Manila primarily to


offer financial services to the Filipino-Chinese population. In 1963, it opened its first
local branch; shortly after, it began operating outside the Philippine Islands. In 1970,
Metrobank opened its first overseas location in Taipei, and in 1973, it opened a
representative office in Hong Kong. When Metrobank opened an office in Guam in
1975, it became the first private bank to enter American territory. Later, it opened
branches in New York and Los Angeles on the mainland of the United States.

Large local and multinational corporations, middle-market and SMEs, high net-worth
individuals, and the retail sector are all served by its full range of services. 48.1% of the
business is owned by the public as of June 2022, with 14.7% belonging to the Ty family
and other connected parties and 37.2% to GT Capital Holdings, Inc. Since 1981,
Metrobank (MBT) has been traded on the Philippine Stock Exchange.

With 14,451 employees, 2,300 ATMs nationwide, over 950 branches, 32 international
branches, and a current profit of PHP15.6 billion, Metrobank has become the country’s
second largest private universal bank, with its assets consolidating to PHP2. 4 trillion
as of end September 2021. 

Metrobank’s main competitors are Sy-led Banco de Oro and Bank of the Philippine
Islands (BPI) of the Ayala group. Its current ranking in the industry is 2nd, next to Banco
De Oro (BDO). 

Throughout the years, Metrobank has achieved a lot of awards and distinctions and has
been recognized by many prestigious bodies for its achievements. This year, 2022,
Metrobank has achieved these awards. 

 Best Bank in the Philippines, Euromoney


 Best Domestic Private Bank in the Philippines, Asiamoney
 Most Helpful Bank in the Philippines and 10th in Asia Pacific During COVID-19,
BankQuality
 #4 Top Companies in the Philippines for 2022, LinkedIn
References:

https://www.metrobank.com.ph/about-us/company-disclosures

https://www.metrobank.com.ph/articles/about-us/awards

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