Metrobank (Philippines)
It has 557 domestic branches and 32 offices overseas including in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai.Metropolitan Bank & Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila.Following, Metrobank entered the following ventures: the acquisition of majority ownership of Philippine Savings Bank (the second largest savings bank in the country at that time); the establishment of a joint travel agency venture with Thomas Cook Group in Thomas Cook Phils., Inc. in 1986; and establishing Toyota Motor Philippines with Toyota Motor Corporation of Japan and Mitsui in 1988.In 1990, alongside Chinabank, Citibank Philippines, RCBC and Security Bank, Metrobank become a founding member of BancNet.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.[15] Metrobank is divided into the following subsidiaries and affiliates, which are listed depending on their location of operation: As of September 30, 2020, the following are the major stockholders:[16] Metrobank's main competitors in the Retail banking business are SM-led BDO Unibank and Bank of the Philippine Islands (BPI) of the Ayala group.
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