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May 31, 2024

Metrobank’s remarkable 61-year journey: from humble beginnings to financial excellence

As Metrobank commemorates its 61st anniversary, the bank looks back on its remarkable evolution from a modest office in Binondo, Manila, to its current stature as one of the Philippines’ premier financial institutions.

Metrobank, founded by Dr. George S.K. Ty, opened its doors to the public on September 5, 1962, marking its inception long before the establishment of GT Capital Holdings.

Over the years, Metrobank achieved significant milestones, including international expansion, universal bank status recognition in 1981, and listing on the Philippine Stock Exchange in the same year.

By the mid-1980s, it had over 200 branches, offices, and subsidiaries, amassing resources exceeding P8.8 billion.

Notably, its founder’s venture extended to Toyota Motor Philippines Corporation and other subsidiaries such as Philippine Savings Bank, SMBC Metro Investment Corporation, and Philippine AXA Life Insurance Corporation.

Today, Metrobank boasts a diverse product portfolio encompassing investment banking, thrift banking, leasing, financing, bancassurance, and credit cards, catering to large corporations, SMEs, high-net-worth individuals, and retail customers.

Under the leadership of Chairman Arthur V. Ty and President Fabian Dee, Metrobank navigated the challenges of the pandemic with measured resilience. Its steadfast commitment to excellence garnered accolades, including the Best Bank in the Philippines by Euromoney in 2022, alongside recognition from The Asian Banker and The Banker.

Time Magazine’s “World’s Best Companies 2023” featured Metrobank as one of only six Philippine companies, emphasizing its robust revenue growth. As of June 2023,

Metrobank operates 947 domestic branches, 30 overseas branches, subsidiaries, and offices, facilitating over 120 remittance tie-ups and engaging approximately 160 remittance agents.

The Metrobank Group sustains livelihoods for over 17,000 Filipinos and overseas associates. With 48.0% publicly owned, 37.2% held by GT Capital Holdings, Inc., and 14.7% by the Ty family and associates, Metrobank remains closely tied to its community.

Despite its impressive growth, the bank remains committed to its mission of empowering individuals and businesses, encapsulated in its simple yet powerful slogan, “You’re in good hands.”

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