The Philippine has inclusive banking system. This banking system surrounds various types of banks from large universal banks to small rural banks and even non-banks. Philippine has:
- 17 universal banks
- 23 commercial banks
- 84 thrift banks
- 711 rural banks
- 44 credit unions
- 12 non-banks with quasi-banking functions
All these banks are licensed with “Bangko Sentral ng Pilipinas” under Republic Act No. 8791. Metropolitan Bank Philippine is one of the top ten banks in Philippine.
This bank is commonly known as Metrobank. This bank has diverse offers of financial services from regular banking to insurance. This is the second largest bank in Philippines. Here you will find comprehensive information about Metropolitan Bank Philippine:
TypePublic (PSE: MBT)IndustryFinance
and InsuranceFoundedManila, Philippines (1962)
HeadquartersMakati City, Philippines
Number of locations552 domestic, 8 foreign branches, 803 ATMs
Key peopleAntonio S. Abacan, Jr., Chairman Arthur V. Ty, President
ProductsFinancial Services
Total assetsUS$ 1.75 billion (4%) (September 2010)
Employees10,759
Websitemetrobank.com.ph
Subsidiaries and affiliates
Metrobank is divided into the following subsidiaries and affiliates, which are listed depending on their location of operation:
Domestic subsidiaries and affiliates
- First Metro Investment Corporation
- First Metro Securities Brokerage Corporation
- First Metro Travelex
- MBTC Technology
- Metrobank Card Corporation
- Orix Metro Leasing and Finance Corporation
- Philippine AXA Life Insurance Corporation
- Philippine Charter Insurance Corporation
- Philippine Savings Bank
- SMBC Metro Investment Corporation
- Toyota Cubao
- Toyota Financial Services Philippines Corporation
- Toyota Manila Bay Corporation
- Toyota Motor Philippines Corporation
International subsidiaries and affiliates
- First Metro International Investment Corporation Ltd HK
- MBTC Exchange Service GmbH – Vienna
- MB Remittance Center HK
- Metro Remittance Center SA – Spain
- Metro Remittance (Italia) SpA
- Metro Remittance Singapore Pte Ltd
- Metro Remittance (UK) Limited
Ownership
- George S.K. Ty: 18.26%
- Philippine Depository and Trust Corporation: 17.96% (11.47% Filipino, 6.49% foreign)
- Federal Homes: 7.53%
- Philippine Securities Corporation: 7.5%
- Mary Vy Ty: 6.43%
- Metrobank directors: 3.75%
- Metrobank officers: 0.003%
- Public stock: 37.57%
Competition
Metrobank, as the 2nd largest Philippine’s bank, is always trying to maintain its position as one of the country’s largest bank. Therefore it always tries to save off competition. “Bank of the Philippine Islands (BPI)” is its main competitor, but other major competitors include Rizal Commercial Banking Corporation (RCBC), Banco de Oro (BDO), Land Bank of the Philippines, and Philippine National Bank.
