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As a result of the admission and the share issue announcement, Metro Bank's share price fell sharply, losing 40% of its value in the month after the announcement [15] and 75% in less than four months. [16] By March 2019, the BBC reported that Metro Bank shares were the second most shorted shares on the UK stock market. [17]
Metrobank's joint venture with ANZ was formed in 2003. Since then, MCC has become a leading provider of credit cards in the Philippines, with more than 1.5 million cards based from the data of the Credit Card Association of the Philippines (CCAP). MCC reported total assets of ₱60.4 billion and a return on average equity of 36.3 percent.
The $499 annual fee is steep compared to other premium travel cards, like the Capital One Venture X Rewards Credit Card, that offer broader benefits across various airlines and hotel programs.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09: 3 Metropolitan Bank and Trust Company (Metrobank)
Metrobank may refer to: Metropolitan Bank and Trust Company (Metrobank), a Philippine bank founded in 1962; MetroBank, the subsidiary of MetroCorp Bancshares, an ...
The Philippine Savings Bank (also known in Hokkien Chinese: 全菲儲蓄銀行; Pe̍h-ōe-jī: Choân Hui Thí-thiok Gûn-hâng; & Mandarin simplified Chinese: 全菲储蓄银行; traditional Chinese: 全菲儲蓄銀行; pinyin: Quán Fēi Chúxù Yínháng) [2] (shortened as PSBank or abbreviated as PSB) is a savings bank based in the Philippines.
The bank was established by Alfonso Yuchengco on September 23, 1960, as Rizal Development Bank, a small development bank in Rizal province. [13] It was later upgraded to a commercial bank upon the approval of the Bangko Sentral ng Pilipinas and, in 1963, began operation as such under its present name Rizal Commercial Banking Corporation (RCBC).
A UnionBank branch in Valenzuela. Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets.