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Metrobank history
Metrobank company history timeline
Metropolitan Bank and Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila.
In August 1963, the bank's first branch was established in Divisoria.
On August 21, 1981, the Central Bank authorized Metrobank to operate as a universal bank.
In September 1982, the number of Metrobank branches, offices and subsidiaries surpassed 200.
In September 1989, it increased its authorized capital stock from P2 billion to P5 billion.
In 1990, alongside Chinabank, Citibank, RCBC and Security Bank, Metrobank become a founding member of BancNet.
In April 1997, the Central Bank authorized Metrobank to operate a foreign currency deposit unit (FCDU). In the same year, branches and offices totaled 100 and the bank inaugurated its new head office at Metrobank Plaza in Makati.
Metrobank's joint venture with ANZ was formed in 2003.
The bank's total capital funds on June 30, 2006 stood at P57.3 billion.
On September 17, 2008, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. announced Banco de Oro and Metrobank set aside provisions totalling $94.7 million to cover their exposure to the Lehman Brothers' collapse.
On September 28, 2009, Metrobank is the first local bank to offer a line of CNY denominated offerings.
In 2017, Metrobank made a deal with ANZ to increase its stake at Metrobank Card Corp. (MCC) from 60 percent to 100 percent.
ANZ, on their part, announced that they would sell half of their 40% stake at MCC for US$144 million and had an option to sell the remaining 20% stake to Metrobank on the same terms, which would be exercisable in the fourth quarter of the 2018 fiscal year.
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Metrobank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Two River Ban | 2000 | $50.0M | 165 | - |
| Security National Bank | 1884 | $26.0M | 350 | - |
| The Coastal Bank | 1954 | $22.5M | 125 | - |
| Mercantile Potomac Bank | - | $150.0M | 5 | - |
| Horizon Bank | 1873 | $257.9M | 761 | 39 |
| First American Bank and Trust | 1910 | $630,000 | 2 | - |
| Mercantile Bank of Michigan | 1997 | $1.4B | 420 | 72 |
| Western Bank | 1915 | $1.3M | 50 | 3 |
| Summit Bank | 2006 | $22.0M | 350 | 6 |
| Hingham Institution for Savings | 1834 | $65.3M | 86 | 7 |
Metrobank history FAQs
Zippia gives an in-depth look into the details of Metrobank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Metrobank. The employee data is based on information from people who have self-reported their past or current employments at Metrobank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Metrobank. The data presented on this page does not represent the view of Metrobank and its employees or that of Zippia.
Metrobank may also be known as or be related to MetroBank and Metrobank.