Metropolitan Bank and Trust Company - wikipedia Metropolitan Bank and Trust Company Metropolitan Bank and Trust Company Trading name Metrobank Type Public ( PSE : MBT ) Industry Finance and Insurance Founded Binondo, Manila, Philippines ( 1962 ) Founder George Ty Headquarters Makati, Philippines Number of locations 920 branches 2,100 ATMs ( 1 ) Key people Arthur V. Ty ( Chairman ) Francisco C. Sebastian ( Vice Chairman ) Fabian S. Dee ( President ) Products Financial Services Revenue USD 1.040 billion ( 8.62 % ) ( 2011 ) ( 2 ) Net income USD 286 million ( 33.71 % ) ( 2011 ) ( 3 ) Total assets USD 22.128 billion ( 8.01 % ) ( 2011 ) Number of employees 10,759 Website www.metrobank.com.ph The Metropolitan Bank and Trust Company ( PSE : MBT ), commonly known as Metrobank, is the second largest bank in the Philippines. It offers various financial services, from regular banking to insurance. It is the banking arm of tycoon George Ty. Contents 1 History 1.1 Lehman Brothers ' exposure 2 Subsidiaries and affiliates 2.1 Domestic subsidiaries and affiliates 2.2 International subsidiaries and affiliates 3 Ownership 4 Competition 5 See also 6 References 7 External links History 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. Four years later, Metrobank opened its Davao branch, the bank 's first provincial branch. At the onset of the 70s, Metrobank opened its first international branch in Taipei, Taiwan 's capital city. The Central Bank, in April 1977, 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. On August 21, 1981, the Central Bank authorized Metrobank to operate as a universal bank. Following the grant of the universal banking license, 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 the tying - up with Toyota Motor Corporation of Japan and Mitsui to put up Toyota Motor Philippines in 1988. Metrobank subsequently entered into joint ventures with several renowned corporations like Sumitomo Mitsui Banking Corporation of Japan to create Sumigin Metro Investment Corporation ; the National Mutual Holdings Ltd. of Australia to create Philippine AXA Life Insurance Corporation ; and the ORIX of Japan to create ORIX Metro Leasing and Finance Corporation. In September 1982, the number of Metrobank branches, offices and subsidiaries surpassed the 200 mark. A year later, Metrobank topped all the private domestic bank in total resources with P8. 8 billion. The bank continued to experience steady growth through the years and in September 1989, it increased its authorized capital stock from P2 billion to P5 billion. The bank 's total capital funds on June 30, 2006 stood at P57. 3 billion. Its consolidated resources amounted to P588. 1 billion as of the same period. As of June 2007 assets reached P669. 1 billion ( $14.5 billion ) ( P46 = $1 ). In 1990, alongside Chinabank, Citibank, RCBC and Security Bank, Metrobank become a founding member of BancNet. Metrobank 's subsidiaries are Toyota Motor Philippines Corporation, Philippine Savings Bank, First Metro Investment Corporation, Metrobank Card Corporation, ORIX Metro Leasing and Finance Corporation, SMBC Metro Investment Corporation, First Metro Travelex ( formerly Thomas Cook ( Phils. ) ), Philippine AXA Life Insurance Corporation, Mirant Global Corporation, Philippine Charter Insurance Corporation, MBTC Technology, Inc., Robert Browns Wear Inc ( Moose Gear & Moose Girl Apparel ), Toyota Financial Services Corporation, Toyota Cubao, Inc., Toyota Manila Bay Corporation, First Metro Securities Corporation, First Metro International Investment Co. Ltd., Metropolitan Bank ( Bahamas ) Ltd., MB Remittance Center Inc. ( USA ), Metro Remittance Singapore, Metro Remittance UK Limited, Metro Remittance ( Italia ) SpA, Metro Remittance S.A. ( Spain ) and MBTC Exchange Services GmbH ( Austria ). The Metrobank Group has a combined network of over 800 local and international branches / offices, remittance offices and subsidiaries worldwide. It has 557 domestic branches and 32 offices in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai. On September 28, 2009, Metrobank is the first local bank to offer a line of CNY denominated offerings. Lehman Brothers ' exposure 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. ' Metrobank set aside $14 million in provisional funds, and it has $20.4 million worth of bonds issued by Lehman Brothers and P 2.4 billion ( $51.28 million ) in loans to a Philippine - based subsidiary of the US investment bank. The BSP data revealed Metrobank has a Lehman Brothers exposure of $71 million, and it set aside a buffer equivalent to 70 % of its exposure. 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 Metrobank Card Corporation ( formerly Unibancard Corporation ) Orix Metro Leasing and Finance Corporation Philippine AXA Life Insurance Corporation Charter Ping An Insurance Corporation Philippine Savings Bank SMBC Metro Investment Corporation Toyota Cubao Inc. 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 % PCD Nominee 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 % Dang Competition Metrobank, as the 2nd largest Philippine bank, is always trying to stave off competition to stay as one of the country 's largest banks. Its main competitor is BDO Unibank ( Banco de Oro ) of tycoon Henry Sy and Bank of the Philippine Islands ( BPI ) of the Ayala group. But other major competitors include Rizal Commercial Banking Corporation ( RCBC ), Land Bank of the Philippines, EastWest Bank, Security Bank, Chinabank and Philippine National Bank of tycoon Lucio Tan. See also BancNet ( the Metrobank ATM network ) List of banks in the Philippines References Jump up ^ `` INQUIRER.net, Bank offers Chinese currency services ''. Newsinfo.inquirer.net. 2009 - 09 - 25. Retrieved 2010 - 07 - 29. Jump up ^ `` monstersandcritics.com, Philippine banks set aside funds after Lehman collapse ''. Monstersandcritics.com. 2008 - 09 - 17. Retrieved 2010 - 07 - 29. Jump up ^ ( AFP ) -- Sep 16, 2008 ( 2008 - 09 - 16 ). `` afp.google.com, Philippines banks set provisions for Lehman exposure ''. Afp.google.com. Retrieved 2010 - 07 - 29. CS1 maint : Multiple names : authors list ( link ) Jump up ^ `` reuters.com, Philippines ' BDO says exposure to Lehman at $134 mln ''. Reuters.com. 2008 - 09 - 19. Retrieved 2010 - 07 - 29. Jump up ^ `` business. inquirer, 7 Philippine banks have $386 M in exposure to Lehman ''. Business.inquirer.net. 2008 - 09 - 19. Retrieved 2010 - 07 - 29. External links Wikimedia Commons has media related to Metropolitan Bank and Trust Company. Metrobank Reuters, Stock Quote Reuters, Metropolitan Bank & Trust Co ( Philippine Stock Exchange ), Analyst Research Reuters Full Description Top 10 Commercial Banks in the Philippines, as of December 31, 2008 Banks in the Philippines Bangko Sentral ng Pilipinas Universal banks Asia United Bank BDO BPI Chinabank EastWest Bank Metrobank PNB Philtrust PSBank RCBC Security Bank UnionBank UCPB Government banks Al - Amanah Islamic Investment Bank of the Philippines DBP Landbank PostalBank Commercial banks Bank of Commerce Chinatrust Citibank HSBC Maybank PBCom Robinsons Bank Standard Chartered Bank Veterans Bank Thrift Banks BPI Direct Savings Bank China Bank Savings Citystate Equicom Philippine Business Bank Queenbank Security Bank Savings Other banks Cooperative banks Rural banks Defunct Allied Bank ( merged with PNB ) Banco Filipino Equitable PCI Bank ( merged with BDO ) Plantersbank ( merged with Chinabank ) 10 Largest Banks of the Philippines In terms of assets as of March 31, 2017 More than ₱ 2 trillion Banco de Oro More than ₱ 1 trillion but less than ₱ 2 trillion Metrobank BPI Landbank Less than ₱ 1 trillion Philippine National Bank Security Bank Corporation China Banking Corporation Development Bank of the Philippines Unionbank RCBC Source : BSP PSE Composite Index companies of the Philippines Ayala Aboitiz Equity Ventures Alliance Global Ayala Land Aboitiz Power BDO Bloomberry Resorts BPI DMCI EDC Emperador First Gen Globe GT Capital ICTSI Jollibee JG Summit LT Group Metrobank Megaworld Meralco Metro Pacific Petron PLDT RFM Corporation Robinsons Land Semirara Mining SM Investments San Miguel SM Prime Universal Robina Jump up ^ http://www.bsp.gov.ph/banking/psoc/by_ranks/assets.htm Retrieved from `` https://en.wikipedia.org/w/index.php?title=Metropolitan_Bank_and_Trust_Company&oldid=800198112 '' Categories : Banks of the Philippines Companies listed on the Philippine Stock Exchange Companies based in Makati Hidden categories : CS1 maint : Multiple names : authors list Use mdy dates from September 2017 Pages using deprecated image syntax Pages using infobox company with unsupported parameters Talk Contents About Wikipedia Deutsch فارسی Français 日本 語 Pangasinan Русский Українська Edit links This page was last edited on 12 September 2017, at 01 : 28. 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Question: how many branches of metrobank in the philippines
Answer: 557