Metrobank Near Me – Is It Easy To Find One?

Due to the customers’ financial demands, the Philippines has many new banks established to serve them. Yet, people always want to choose a trustworthy bank to work with, and Metrobank is one of the largest banks in the Philippines. 

If you are searching for a Metrobank near me, you can easily find one on the Internet. This post not only gives you a list of some largest banks but also more details you should note when working with them. Let’s scroll down to find out more!

What Is Metrobank?

Metrobank is also known as the Metropolitan Bank and Trust Company (MBT). This is one of the biggest banks in the Philippines. 

Thus, you can find many services at the bank, including insurance, standard banking, loan, etc. Moreover, it is a division of GT Capital Holdings Inc. that handles retail and commercial banking.

History 

In 1962, a businessman group founded Metropolitan Bank and Trust Company (Metrobank) in the capital of the Philippines, Manila. The bank opened its first branch in Divisoria in 1963. 

After 4 years of operating, Metrobank opened the Davao branch, its first provincial location. In Taipei, Taiwan’s capital city, Metrobank established its first overseas office at the start of the 1970s.

The Central Bank granted Metrobank permission to function as a universal bank in 1981.

In 1982, the total number of Metrobank offices, subsidiaries, and branches topped 200. A year later, Metrobank had the most assets of any domestic private bank at ₱8.8 billion.

The bank maintained consistent growth over the years. It raised its authorized capital stock to 5 billion in 1989. The bank had P57.3 billion in total capital as of June 2006. At the same time, it had consolidated resources worth ₱588.1 billion. Assets totaled about ₱669 billion as of 2007.

The Metrobank Group’s global network includes more than 800 domestic and foreign branches, offices, remittance centers, and subsidiaries. 

It has 32 offices and 557 domestic branches spread throughout 32 locations, including Hong Kong, Tokyo, Osaka, New York, Seoul, Pusan, Taipei, Guam,  Barcelona, Kaohsiung, Madrid, Vienna, Rome, Bologna, Singapore, Milan, Chicago, Hawaii, and Shanghai.

Ownership Structure

Pros And Cons

Pros:

• High growth rate
• Relatively low liquidity risk
• Has a high reputation due to winning many awards
• Be authorized by many trustworthy authorities, including The Financial Conduct Authority and the Prudential Regulation Authority.
• Offer many services, such as personal loans, deposit accounts, SME business, Car loans, etc.

Cons:

• Customers could be wary about it due to not having many years on the market
• Recording PBT losses. Losses since launch have exceeded 100 million pounds in the past three years.
• Having trouble getting money from reputable investors

Metrobank Near Me: Branch List In The Philippines And Some Notes

As mentioned before, one of the biggest banks and financial service providers in the Philippines is Metrobank. There are currently over 2,300 ATMs and 900 Metrobank locations across the nation that cater to both individual and business clientele. Thus, it is pretty easy to find one near your place.

Branch List In The Philippines

Since Metrobank has so many branches, we only list some branches located in Manila (the Philippine’s capital):

• 288 Escolta Twin Tower, Escolta Street, Binondo, Manila
• Tytana Plaza, Binondo, Manila.
• 562-568 Nueva Street, Binondo, Manila.
• 942 G. Masangkay Street, Binondo, Manila.
• 475 Juan Luna Street, Binondo, Manila.
• 859 Store Cristo, Binondo, Manila.
• 470 T.M. Kalaw cor. Cortada St., Ermita, Manila.
• 1236 Unit 1 Midtown Executive Comm’l., U.N. Ave., Ermita, Manila.
• 1413 M. Adriatico Street, Ermita, Manila.
• 1756 Singalong Street, Paco, Manila,
• 1547 Gen. Luna St., Paco, Manila.
• 1161-1163 Masangkay Street, Sta. Cruz, Manila
• 1052-1056 Tomas Mapua corner Fugoso Streets, Sta. Cruz, Manila.
• 1327 of Rizal Avenue, Sta. Cruz, Manila.
• 910 Ongpin Street, Sta.Cruz, Manila.

If you want to find a Metrobank near you, you can go to the official website for the full list.

What To Notice When Making Transactions At A Metrobank Branch?

Operating Time

All branches have working times as below:

• Opening hour: 9 AM (GMT +8)
• Close hour: 2 PM (GMT+8)

Working day: from Monday to Friday.

Closed Branch

Because there are a lot of branches, it is difficult to update which branches are closed regularly. Thus, you can contact the bank’s Contact Center for a different choice nearest your place. 

FAQs

What Is The Goal Of Metrobank?

They want to be the top financial conglomerate in the Philippines, enabling both their individual and corporate clients to achieve their objectives and maximize their potential. 

They uphold their “You’re in Good Hands” pledge, which encapsulates who they are and what they can do.

Here are some commitments included:

• Be a reliable financial partner
• Nurture and strengthen our employees 
• Always be highly responsible
• Make great contributions to social

Why Is Metrobank Unique?

In contrast to other banks, Metro Bank emphasizes customer service and ensures that every client receives the same high caliber of care. 

Since Metro Bank has longer operating hours than any other bank, consumers can come anytime without making an appointment and still speak to a staff person face to face.

Which Banks Are Competitors Of Metrobank?

City Savings Bank 

City Savings Bank, a subsidiary of Union Bank of the Philippines and a thrift bank, was established in 1965. It has some of the highest levels of operating effectiveness, non-performing loan ratio, and capitalization in thrift banking.

Security Bank

Security Bank is a reputable universal bank in the Philippines. When Security Bank and Trust Company first opened its doors in 1951, it was the first privately owned bank in the post-World War II era. 

Robinsons Bank

In the Philippines, Robinsons Bank Corporation, popular as RBank, is a common commercial bank that offers banking services to business and retail customers.

Robinsons Bank, a financial service subsidiary of the JG Summit Group of Companies, has great growth speed in the Philippines regarding capitalization size.

Conclusion

This article has provided you with some necessary pieces of information about Metrobank and its branches. 

When searching for a Metrobank near me, you might go to the official website for the full list of branches. Yet, you can call the Customer Service Center to check whether the bank has still opened or not.