Metrobank, founded by the late taipan taipan George SK Ty, spent P14.8 billion to buy out the 40 percent stake of its joint venture partner, ANZ Funds Pty. Ltd. (ANZ), in MCC.

Metrobank consummated the purchase of ANZ’s remaining 20 percent share in MCC for P7.4 billion. The local bank earlier agreed to buy out the 40-percent stake held by ANZ for P14.8 billion.

We expect to leverage on better operational efficiencies as we eventually make MCC a wholly-owned subsidiary of Metrobank,” Dee added. Metrobank’s joint venture with ANZ was formed in 2003.

MANILA, Philippines – Metrobank Card Corp.. (MCC) has raised P1.3 billion through a private placement of unsecured subordinated debt notes. The issue of notes with a 10-year term, a call option ...

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 ...

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 ...

In a disclosure to the Philippine Stock Exchange on Thursday, Metrobank said it entered into an agreement with ANZ Funds Pty. Ltd. (ANZ) for the bank’s purchase of the latter’s 40% stake in credit ...

MELBOURNE, Australia--Australia & New Zealand Banking Group Ltd. has agreed to sell its stake in Philippines-based credit-card provider Metrobank Card Corp. to venture partner Metropolitan Bank ...

MCC will license PRIME 4, the latest version of the payment processing platform, to manage its multi-payment card issuing and merchant acquiring together with online authorization and switching on ...

Metropolitan Bank & Trust Company (Metrobank) posted an audited consolidated net income of P28.1 billion in 2019, representing a 27% increase year-on-year. Metrobank’s solid performance resulted ...