Metropolitan Bank & Trust Co. (Metrobank) and Japan’s Bank of Yokohama (BOY) continue to strengthen their strategic partnership which began in 2015. Owing to the alliance of the two leading financial institutions, a significant number of Japanese companies operating in the Philippines have enjoyed a more comprehensive line of banking services.
BOY Representative Director and President Kenichi Kawamura(center), who recently assumed the role of President of BOY’s parent company , Concordia Financial Group, together with Senior Deputy General Manager Hidekazu Konuma(extreme left) paid a courtesy visit to Metrobank. Francisco C. Sebastian, Metrobank Vice Chairman (2nd from left), Metrobank Senior Vice President Antonio Ocampo Jr.(2nd from right) and Metrobank consultant Yoichi Takigawa(Extreme right) welcomed the delegation in their headquarters in Makati City. To date, BOY has introduced 20 of its clientele in the Philippines to Metrobank, allowing the latter to extend its banking services to Japanese businesses based in the country.
The partnership with BOY is Metrobank’s 18th bi-lateral Memorandum of Understanding (MOU) or direct tie-up with a Japan-based financial institution. Apart from this, Metrobank has established strategic partnerships with 65 Japanese regional banks to strengthen its position in the local SME and institutional banking segments, with 45 more partnerships with Japanese regional banks under the Japan Bank for International Cooperation (JBIC) program.
Bank of Yokohama has 16.3 trillion Yen in total assets, and operates through a network of 200 branches, 5 sub-branches, and 419 ATM locations, as well as 1 overseas branch and 4 representative offices.
Metrobank is the country’s premier universal bank and has one of the largest domestic networks with over 950 branches and over 2,300 automated teller machines (ATMs) nationwide, and 32 foreign branches, subsidiaries and representative offices, two fully licensed branches are located in Japan.
