Metrobank is Best Securities House-Bank Category for 2013

Metrobank President Fabian Dee (left) recieves the Cesar E.A. Virata Award for the Best Securities House – Bank Category 2013 from the Philippines Dealing System Holdings Corporation (PDEX) during 9th PDS Awards. Also in photo is FMIC President Roberto Juanchito Dispo (right) who recieved same top award for First Metro Investment Corp under Investment House Category.

Metropolitan Bank & Trust Company (Metrobank) receives the prestigious Cesar E.A. Virata Award for being the Best Securities House under the Bank Category for 2013 from the Philippine Dealing System Holdings Corporation (PDEX). This award recognizes outstanding financial institutions which have exhibited performance, leadership, and innovation that contribute to a robust domestic capital market in the country.

Metrobank also received top awards including Top Dealing Participant for Corporate Securities, Top Brokering Participant for Retail Transactions, Citation for Best Execution through Active Use of Fixed-Income Broker Internet Order System, Top 5 PDDTS/PvP Participant, and Top 5 Fixed Income Dealing Participant. The highest recognition of the PDS Award is named in honor of former Prime Minister Cesar Virata, a veteran banker and an influential personality in the Philippine Finance industry who was responsible in the establishment of fixed-income trading platform in the country.

“It is with great honor and humility that we accept the Cesar E. A. Virata Award for Best Securities House 2013 – Bank Category.,” said Metrobank President Fabian Dee. “Metrobank acknowledges the hard work that the Philippine Government, through the Bureau of Treasury and the BSP, has put in, to create a more robust Philippine domestic capital market. The award we receive tonight signifies Metrobank’s continuing commitment to help in this effort,” adds Mr. Dee.

Metrobank kicks off rehabilitation program

Metrobank President Fabian Dee (left) receives the Cesar E.A. Virata award for the Best Securities House – Bank Category 2013 from the Philippine Dealing System Holdings Corporation (PDEX) during the 9th PDS Awards. Also in photo is FMIC President Roberto Juanchito Dispo (right), who received same top award for the First Metro Investment Corp under Investment House Category.

Metropolitan Bank & Trust Company (Metrobank) receives the prestigious Cesar E.A. Virata Award for being the Best Securities House under the Bank Category for 2013 from the Philippine Dealing System Holdings Corporation (PDEX). This award recognizes outstanding financial institutions which have exhibited performance, leadership, and innovation that contribute to a robust domestic capital market in the country.

Metrobank also received top awards including Top Dealing Participant for Corporate Securities, Top Brokering Participant for Retail Transactions, Citation for Best Execution through Active Use of Fixed-Income Broker Internet Order System, Top 5 PDDTS/PvP Participant, and Top 5 Fixed Income Dealing Participant. The highest recognition of the PDS Award is named in honor of former Prime Minister Cesar Virata, a veteran banker and an influential personality in the Philippine Finance industry who was responsible in the establishment of fixed-income trading platform in the country.

“It is with great honor and humility that we accept the Cesar E. A. Virata Award for Best Securities House 2013 – Bank Category.,” said Metrobank President Fabian Dee. “Metrobank acknowledges the hard work that the Philippine Government, through the Bureau of Treasury and the BSP, has put in, to create a more robust Philippine domestic capital market. The award we receive tonight signifies Metrobank’s continuing commitment to help in this effort,” adds Mr. Dee.

Globe receives extra $120M funding from Metrobank

Yesterday, Metrobank and Globe has formally signed an agreement for a $120M term loan that is said to be used for the telco’s capital expenditures which includes the current network modernization.

Earlier this month, Globe has also sealed a $75M term loan deal with The Bank of Tokyo. In statement made Globe said “The term loan facility with Metrobank brings to $195 million the total loans signed by Globe for the first quarter of the year.”

globe metrobank

“Proceeds of the loan will be used to finance the company’s capital expenditures, which include the ongoing network modernization and transformation program, and investments in fixed line, international cable facilities, and IT infrastructure,” said the telco.

However, $195-miliion is still not going to be enough considering that the company is looking at a capital expenditures amounting to a total of $450M – $500M for this year. Thus expect Globe to tap on other financial institution for additional funding.

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