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                    [ArticleID] => 172138
                    [Title] => Metrobank offers share-swap deal with Globalbank
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) is offering to swap its shares with minority shareholders of Global Business Bank (Globalbank). 


For every Globalbank share surrendered, the stockholder will get 1.973173 shares of Metrobank. The basis for the swap deal is the book value of Metrobank shares which is recorded at P31.292478 compared to that of Globalbank whch is P61.745476. 


According to Metrobank president Antonio S. Abacan Jr., the swap deal is designed to allow Metrobank to implement a smooth integration or functional merger of the two banks. 


                    [DatePublished] => 2002-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 167098
                    [Title] => Metrobank completes Globalbank deal
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) has finally acquired Global Business Bank under a swap deal in which Globalbank minority shareholders may choose to own newly-issued Metrobank shares or exchange their Globalbank shares for Metrobank shares held by Metrobank subsidiaries or affiliates.


The listed name Globalbank will be renamed Metrobank Card Corp., which will take over the business of the Unibancard Corp.


                    [DatePublished] => 2002-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 158532
                    [Title] => Metrobank net income surges 40% to P2.11B
                    [Summary] => Metrobank announced yesterday that it posted a 40.38 percent growth in net income to P2.11 billion in 2001 from P1.50 billion in 2000 and maintained its top financial ranking for 2001 in terms of resources, loans, deposits, and capital.


Metrobank president Antonio Abacan said that the improvement in the bank’s net income was due to its positioning for more favorable spreads on traditional products, coupled with the continued implementation of efficient cost control measures.


                    [DatePublished] => 2002-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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            [3] => Array
                (
                    [ArticleID] => 142758
                    [Title] => Metrobank stockholders to get cash dividends
                    [Summary] => Metropolitan Bank & Trust Co., the country’s largest bank, will give out P653.46 million in cash dividend to its stockholders by early next year, a top official informed the Philippine Stock Exchange.


MBTC senior vice president Antonio Viray said the bank’s board of directors approved in its regular meeting last Tuesday a resolution declaring a cash dividend of two percent based on the outstanding capital stock.


                    [DatePublished] => 2001-12-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [4] => Array
                (
                    [ArticleID] => 142631
                    [Title] => Metrobank, Globalbank approve merger
                    [Summary] => The respective boards of directors of Metropolitan Bank and Trust Co. (Metrobank) and Global Business Bank (Globalbank) approved the merger of the two banks with Metrobank as the surviving entity. Together, Metrobank – the country’s largest universal bank – and Globalbank – the largest commercial bank – will form the Philippines’ most dominant financial institution with estimated total resources of P443 billion and combined capital over P50 billion.


                    [DatePublished] => 2001-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 100847
                    [Title] => Globalbank, Philbank merger OK'd
                    [Summary] => 

Globalbank and Philbank stockholders have approved the merger plans of the two
banks during their recent meeting. This move complements the recent approval of
the Monetary Board of Globalbank's acquisition of 100 percent of Asian Bank
(excluding 100 percent of AB Capital and its subsidiaries), paving the way for
the integration of the three banks.

The merger of the three banks of the Metrobank Group will form a bigger and
more formidable commercial bank with a networth of P5.9 billion, total
resources of over P55 billion, and an expanded network of 144 branches.
                    [DatePublished] => 2000-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

GLOBALBANK

Array
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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 172138
                    [Title] => Metrobank offers share-swap deal with Globalbank
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) is offering to swap its shares with minority shareholders of Global Business Bank (Globalbank). 


For every Globalbank share surrendered, the stockholder will get 1.973173 shares of Metrobank. The basis for the swap deal is the book value of Metrobank shares which is recorded at P31.292478 compared to that of Globalbank whch is P61.745476. 


According to Metrobank president Antonio S. Abacan Jr., the swap deal is designed to allow Metrobank to implement a smooth integration or functional merger of the two banks. 


                    [DatePublished] => 2002-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 167098
                    [Title] => Metrobank completes Globalbank deal
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) has finally acquired Global Business Bank under a swap deal in which Globalbank minority shareholders may choose to own newly-issued Metrobank shares or exchange their Globalbank shares for Metrobank shares held by Metrobank subsidiaries or affiliates.


The listed name Globalbank will be renamed Metrobank Card Corp., which will take over the business of the Unibancard Corp.


                    [DatePublished] => 2002-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 158532
                    [Title] => Metrobank net income surges 40% to P2.11B
                    [Summary] => Metrobank announced yesterday that it posted a 40.38 percent growth in net income to P2.11 billion in 2001 from P1.50 billion in 2000 and maintained its top financial ranking for 2001 in terms of resources, loans, deposits, and capital.


Metrobank president Antonio Abacan said that the improvement in the bank’s net income was due to its positioning for more favorable spreads on traditional products, coupled with the continued implementation of efficient cost control measures.


                    [DatePublished] => 2002-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 142758
                    [Title] => Metrobank stockholders to get cash dividends
                    [Summary] => Metropolitan Bank & Trust Co., the country’s largest bank, will give out P653.46 million in cash dividend to its stockholders by early next year, a top official informed the Philippine Stock Exchange.


MBTC senior vice president Antonio Viray said the bank’s board of directors approved in its regular meeting last Tuesday a resolution declaring a cash dividend of two percent based on the outstanding capital stock.


                    [DatePublished] => 2001-12-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 142631
                    [Title] => Metrobank, Globalbank approve merger
                    [Summary] => The respective boards of directors of Metropolitan Bank and Trust Co. (Metrobank) and Global Business Bank (Globalbank) approved the merger of the two banks with Metrobank as the surviving entity. Together, Metrobank – the country’s largest universal bank – and Globalbank – the largest commercial bank – will form the Philippines’ most dominant financial institution with estimated total resources of P443 billion and combined capital over P50 billion.


                    [DatePublished] => 2001-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 100847
                    [Title] => Globalbank, Philbank merger OK'd
                    [Summary] => 

Globalbank and Philbank stockholders have approved the merger plans of the two
banks during their recent meeting. This move complements the recent approval of
the Monetary Board of Globalbank's acquisition of 100 percent of Asian Bank
(excluding 100 percent of AB Capital and its subsidiaries), paving the way for
the integration of the three banks.

The merger of the three banks of the Metrobank Group will form a bigger and
more formidable commercial bank with a networth of P5.9 billion, total
resources of over P55 billion, and an expanded network of 144 branches.
                    [DatePublished] => 2000-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Metrobank offers share-swap deal with Globalbank

August 15, 2002 - 12:00am

The Metropolitan Bank and Trust Co. (Metrobank) is offering to swap its shares with minority shareholders of Global Business Bank (Globalbank). For every Globalbank share surrendered, the stockholder will get 1.973173...

Business

Metrobank completes Globalbank deal

July 4, 2002 - 12:00am

The Metropolitan Bank and Trust Co. (Metrobank) has finally acquired Global Business Bank under a swap deal in which Globalbank minority shareholders may choose to own newly-issued Metrobank shares or exchange their...

Business

Metrobank net income surges 40% to P2.11B

April 25, 2002 - 12:00am

Metrobank announced yesterday that it posted a 40.38 percent growth in net income to P2.11 billion in 2001 from P1.50 billion in 2000 and maintained its top financial ranking for 2001 in terms of resources, loans,...

Business

Metrobank stockholders to get cash dividends

December 7, 2001 - 12:00am

Metropolitan Bank & Trust Co., the country’s largest bank, will give out P653.46 million in cash dividend to its stockholders by early next year, a top official informed the Philippine Stock Exchange. MBTC...

Business

Metrobank, Globalbank approve merger

December 6, 2001 - 12:00am

The respective boards of directors of Metropolitan Bank and Trust Co. (Metrobank) and Global Business Bank (Globalbank) approved the merger of the two banks with Metrobank as the surviving entity. Together, Metrobank...

Business

Globalbank, Philbank merger OK'd

February 24, 2000 - 12:00am

Globalbank and Philbank stockholders have approved the merger plans of the two banks during their recent meeting. This move complements the recent approval of the Monetary Board of Globalbank's acquisition of...

Business