Metropolitan Bank and Trust Company (Metrobank) is the flagship company of the Metrobank Group. A universal bank, Metrobank provides a full range of banking and other financial services through its local and international branches.

In coordination with other members of the Metrobank Group, Metrobank provides services to a wide base of individual clients and middle-market businesses, and leading Philippine and multi-national corporations. Metrobank provides a host of deposit, savings, and loan products as well as electronic banking services like internet banking, mobile banking, and phone banking, not to mention its huge ATM network. Metrobank is also the leading provider of trade finance in the country. The Bank's overseas branch network has enabled it to service the fund remittances of countless Filipino overseas contract workers.

Metrobank was established in 1962 in Binondo, Manila by a group of businessmen led by Dr. George S.K. Ty who is currently the bank's chairman of the board and single biggest shareholder. It is now based in Makati City, the Philippines' premier financial district.

Recently the Bank was awarded by the prestigious “The Banker” as Best Bank in the Philippines in its Bank of the Year 2002 Annual Awards. The bank also figured at number 356th among the world’s top 1,000 banks in terms of Tier One capital (The Banker, July 2002) as defined by Basle’s Bank for International Settlements. This was echoed in Businessworld’s report (May 2002) that Metrobank ranked 1st among Philippine private commercial banks in terms of assets, loans, and deposits for the quarter ending March 2001.

The Bank is listed as one of the top companies in Asia in the January 2002 issue of Far Eastern Economic Review, and was a recipient of the Hall of Fame Award from the Consumers' Union of the Philippines in May 2002 as Outstanding Commercial Bank. The Bank was also recognized by Finance Asia as one of Asia’s Best Managed Companies in May 2001.

Awards

Bank of the Year in the Philippines under the prestigious The Banker Awards. Sponsored by the Financial Times Group of London, the citation honors the top banks in each country in terms of asset, capital and profit performance; as well as in technology, corporate structure and strategy development that promote market advantage and sustain competitiveness. This is the second time Metrobank got the distinction since 2002.

Acknowledging its strong influence on local corporate governance, it received a certificate of recognition as runner-up in the Risk Management category at the 2004 Asian Banking Awards, specifically for the successful operation of its credit risk Default Filter System.

The bank was cited as one of the Philippines’ bank of choice by Reader’s Digest Asia Superbrands 2004, a comprehensive consumer survey based on brand value, quality, trustworthiness, strong image, and the understanding of customer needs. Reader’s Digest confirmed last month that the bank has earned the same distinction for 2005.

For the third consecutive year, Metrobank was cited as the Outstanding Commercial Bank by the Parangal ng Bayan Foundation on the 20th Annual National Consumers Excellence Awards next month. The Award recognizes outstanding Filipinos and world-class achievers that contribute to the country’s economic progress. The bank has won the award since for the third consecutive year.

Recognized by the Development Bank of the Philippines for being the top availee of its Industrial Guaranty and Loan Fund (IGLF). Metrobank has won the Special Citation annually since 2000. It was also a Hall of Fame awardee in 1992 and 1997

Credit Ratings

Gained an affirmation for both its local and foreign currency credit rating of B+ from Standard & Poor’s (as of February 2, 2005)

Accorded a financial strength rating of BB+ and a support rating of 3 by Capital Intelligence (November 2004).

Obtained a financial strength rating of D from Moody’s Investors Services as well as a subordinated debt rating of Ba2 and a long-term deposit rating of Ba3 (January 2004).

Accorded an individual rating of D/E and a support rating of 3 by Fitch Ratings (January 2005), given that the bank remains systematically important to the industry, and with the government readily providing support in the unlikely event of need.

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