• MetroBank Time Deposit

    MetroBank Time Deposit

    About Metropolitan Bank & Trust Co.

    Metropolitan Bank & Trust Co. also known as Metrobank, is the second largest bank in the Philippines which was established in 1962 with the initial objective of serving the Filipino-Chinese community. It has its headquarters in Makati City. The bank offers a full range of banking and other financial products and services through a wide network of over 1,950 ATMs nationwide and also has an international presence with operations in countries such as London, Tokyo, Taichung and Seoul. It caters to large local and multinational corporations, middle market and SMEs, high net-worth individuals and retail segment.

    Metrobank is a diversified financial organization with miscellaneous business portfolio such as: investment banking, leasing and financing, thrift banking, bancassurance, and credit cards. It has a good track record spanning over 50 years and is a multi-awarded bank with investment grade credit rating.

    Metrobank Time Deposit

    Metropolitan Bank offers time deposit schemes for a minimum tenure of 30 days only. Once this placement time is over, the customer can renew their time deposit through automatic rollover, a unique service provided by the bank.

    Features of Metrobank Time Deposit:
    • The minimum amount to be deposited by the customer is P 10,000.
    • The placement term can vary anywhere between 30, 60, 90, 180, and 360-days.
    • A withholding tax is levied on this time deposit.
    • The customers will receive a time deposit certificate from the bank to confirm their deposit.

    Metro Dollar Time Deposit

    This time deposit caters to those customers who receive dollars through various sources and would like to invest the same. Dollar time deposits enables customers to deposit their dollars for a higher interest rate with higher rate of return on investment that is assured by the bank. The risk involved through fluctuations in value of foreign currency in the market, is minimal.

    Metro Dollar Time Deposit features:
    • The minimum amount to be deposited in the Metro Dollar time deposit is US$1,000.
    • The placement term can vary anywhere between 30, 60, 90, 180, and 360-days.
    • A withholding tax is levied on this time deposit.
    • The customers will receive a time deposit certificate from the bank to confirm the deposit made by them.

    Foreign Currency Time Deposit

    Foreign Currency Time Deposit is available to customers who wish to invest in time deposits by depositing currencies from across the globe. The risk involved through fluctuations in value of foreign currency in the market is minimal and the rate of return on the investment made is really high, as compared to other banks.

    Features:
    • British Pound, Japanese Yen, Canadian Dollar, Euro, Swiss Franc, Chinese Yuan, Australian Dollar, Hong Kong Dollar, Singapore Dollar can be deposited in this time deposit scheme.
    • The placement term can vary anywhere between 30, 60, 90, 180, and 360-days.
    • A withholding tax is levied on this time deposit.
    • The customers will receive a time deposit certificate from the bank to confirm the deposit made by them.
    • The interest rate is based on the prevailing market rates and is subject to change.

    Other Products from MetroBank

    News About Metrobank Time Deposit

    • Metrobank Posts a Net Income of P18.6 Billion for 2015

      The second largest bank in the Philippines by assets size posted a net income of P18.6 billion, down by 7 percent in 2014 owing to slowdown in loans and deposits. The bank’s Basel 3 total capital adequacy ratio stood above the required regulatory limit of 17.75 percent. Its savings and current account accounts witnessed a climb of 18 percent with total deposits standing at P1.3 trillion. The CASA ratio stood at 56 percent in 2015.

      On the sidelines of this release, the representatives also reported the earnings of Philippine Savings Bank, the thrift banking wing of Metrobank group. The consolidated net income for 2015 was P2.35 billion with a return on average equity of 12.7%. During 2015, PSBank’s loan portfolio stood strong at P116 billion, mainly triggered by growth of auto and mortgage loans. The bank's total assets at the end of this period rose by 16 percent to P169 billion.

      25th February 2016

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