Metrobank launches benefits program

The Trust Banking group of the Metropolitan Bank and Trust Co. (Metrobank) has launched the value-driven Corporate Stewardship Program that integrates various employee benefit packages into one unique program.

This high value product offers superior benefits to corporate client because it includes basic and expanded retirement plans, provident plans, other special employee benefit plans, and savings and loan plans. Companies can decide to avail of one or more plans mentioned above. Corporate Stewardship is offered in one easy-to-access, off-the-shelf package to make it convenient for the corporate client to avail of.

Under the product, Metrobank Trust Banking handholds the client through the entire process of setting-up their employee benefit program which may include the actuarial valuation, development of the plan rules and regulations, filing of tax-exemption with the Bureau of Internal Revenue (BIR), and even employee relations for provident plans.

In addition, the company can attach special group discount packages to an existing or proposed retirement plan to further boost employee benefits such as hospital income benefit, employee loan plan, and scholar plan via Metrobank’s Easy Tuition Savings account. Companies availing of the special group discount package can take advantage of very competitive and reasonable premiums that have been negotiated by Metrobank Trust Banking with its service providers.

Under the program, employees may be given pre-qualified Metrobank credit cards with waived membership fees for the first year.

On top of the benefits and discounts, Metrobank Trust Banking has forged exclusive ties with service providers to enhance service platforms that can deliver up-to-date reports and individual employee financial data thru the Internet. This way, clients can easily get the information they need for the benefit of their employees.

Metrobank Trust Banking Group is one of the leaders in the trust industry with assets under management (AUM) of more than P165 billion in 2005. Its exceptional performance in funds management is exemplified by its 52 percent average growth rate in the last five years.