Metrobank said the proposed transaction would unlock the value of MCC by improving synergy and cross-sell as well as increasing profitability and improving capital efficiency.

Local banking giant Metropolitan Bank and Trust Co. has completed its takeover of full control of credit card subsidiary Metrobank Card Corp. (MCC) with the purchase of the remaining 20 percent ...

Subject to regulatory approvals, Metrobank will purchase an initial 20 percent of MCC for a consideration of P7.4 billion. The sale of the remaining 20 percent will be completed by the third ...

The Metropolitan Bank and Trust Co (Metrobank) swa its net profit grew 14% year-on-year (YoY) to $838.38m (PHP48.1b) in 2024, in line with expectations by CGS International.

MCC became a wholly owned subsidiary of Metrobank in September 2018 after it bought the 40% stake of ANZ Funds Pty. Ltd. (ANZ) in the credit card company. Metrobank conducted a stock right offer in ...

In a statement Wednesday, the Australian bank said it would sell half of its 40% stake in MCC for US$144 million and had an option to sell the remaining 20% stake to Metrobank on the same terms ...

When the fixtures conclude, one player will have a county contract for the duration of the MetroBank One-Day Cup in August funded by MCC.

The Metrobank-ANZ joint venture was formed in 2003, with a 60-40 equity structure in favor of the George Ty-led bank. Citing data from the Credit Card Association of the Philippines (CCAP), Metrobank ...

MCC is a strategic joint venture between Metrobank and Australia New Zealand Bank and is one of the largest issuers and acquirers in the Philippines’ market.

Metrobank Card Corporation (MCC), one of the largest payment solution providers in the Philippines, has adopted FICO ® Customer Communication Services (CCS) to automate its collections and ...

Stockholders of Ty-led Metropolitan Bank & Trust Co. (Metrobank) have approved the plan to absorb the bank’s wholly owned credit card unit to increase profitability and improve capital efficiency.