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Good Hands In Metropolitan Bank And Trust Company

Metropolitan Bank and Trust Company is also known as Metrobank. This banking institution is considered to be one of the largest banks in the Philippines. It offers financial assistance and services from regular banking transactions to loans and insurance.

The Creation of Good Hands

On September 5, 1962, Metrobank was founded by a group of businessmen and had its first operation at Wellington Building in Binondo, Manila. It opened its first branch in the place adjacent to its original office in Divisoria. After four years, its very first provincial branch started operating in Davao. And in the 70s, it was able to establish and inaugurate its first international branch in Taipei.

In April 1977, Central Bank allowed the banking institution to operate a Foreign Currency Deposit Unit. And in that very same year, it has embarked its new Head Office at Metrobank Plaza in the country's Central Business District in Makati City. The opening of another 100 branches and offices also happened during this time.

Central Bank allowed Metrobank to work as a universal bank on August 21, 1981. It then participated into some ventures like acquiring most of the ownership of Philippine Savings Bank in 1986, the foundation of a shared travel agency tasks with Thomas Cook Group in Thomas Cook Phils., Inc. In 1988, it again entered another venture and this time, it was with Toyota Motor Corporation of Japan and Mitsui with the aim of putting up Toyota Motor Philippines. Other ventures with other well-known companies followed. Some of these companies are the Sumimoto Mitsui Banking Corporation of Japan with the goal of creating Sumigin Metro Investment Corporation, National Mutual Holdings Ltd. of Australia for the creation of Philippine AXA Life Insurance Corporation, and the ORIX of Japan that aims to create ORIX Metro Leasing and Finance Corporation.

The number of branches, subsidiaries, and offices of Metrobank stretched out to more than 200 in September of 1982. It was followed by another success when the banking institution became number one among domestic banks that are privately owned with 8.8 billion pesos for its total resources.

Some of Metrobank's owned subsidiaries, members, and affiliates are Toyota Motor Philippines Corporation, Philippine Savings Bank, First Metro Investment Corporation, Metrobank Card Corporation, ORIX Metro Leasing and Finance Corporation, SMBC Metro Investment Corporation, First Metro Travelex which was the Thomas Cook Philippines before, Philippine AXA Life Insurance Corporation, Mirant Global Corporation, Philippine Charter Insurance Corporation, and MBTC Technology, Inc.

Good Deeds of Good Hands

When Metrobank celebrated its 45th anniversary on September 5, 2007, it has awarded 10 outstanding teachers of the year in accordance to its annual search for outstanding teachers from all over the Philippines. Elementary school teachers are Fredo Laureles, Jeneluj Cunanan, Madeline Rivera, and Letecia Palle. High School teachers on the other hand are Glendale Lamiseria, Ruben Abucayon, Norma Pacalgue, and Cynthia Bangero. Benilda Santos of Ateneo de Manila and Ceasar Saloma of UP Diliman are for college levels.

At present, Metrobank has a joint network of more than 800 both local and international branches and offices for regular banking to remittances all over the world. It has a total of 557 local branches and 32 offices in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai.

Metrobank is definitely aiming not only to earn but to help its consumers and clients. Indeed, you are in good hands with Metropolitan Bank and Trust Company.


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