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MetrobankMetrobank (Metropolitan Bank and Trust Company) is a universal bank that provides a full range of banking and other financial services through its local and international branches. In coordination with other members of the Metrobank Group, it provides services to a wide base of individual clients and middle-market businesses, and leading Philippine and multi-national corporations. It provides a host of deposit, savings, and loan products as well as electronic banking services like internet banking, mobile banking, and phone banking, not to mention its huge ATM network. It is also the leading provider of trade finance in the country. The Bank's overseas branch network has enabled it to service the fund remittances of countless Filipino overseas contract workers. Metrobank was established in 1962 in Binondo, Manila by a group of businessmen led by Dr. George S.K. Ty who is currently the bank's chairman of the board and single biggest shareholder. It is now based in Makati City, the Philippines' premier financial district. Metrobank was awarded by the prestigious "The Banker Awards" as Best Bank in the Philippines in its Bank of the Year 2002 Annual Awards. It also figured at number 356th among the worlds top 1,000 banks in terms of Tier One capital (The Banker, July 2002) as defined by Basles Bank for International Settlements. This was echoed in Businessworlds report (May 2002) that Metrobank ranked 1st among Philippine private commercial banks in terms of assets, loans, and deposits for the quarter ending March 2001. Metrobank is listed as one of the top companies in Asia in the January 2002 issue of Far Eastern Economic Review, and was a recipient of the Hall of Fame Award from the Consumers' Union of the Philippines in May 2002 as Outstanding Commercial Bank. It was also recognized by Finance Asia as one of Asias Best Managed Companies in May 2001.
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