metro bank business

Business Manager at Metro Bank (UK) Metro Bank is Britain's first new High Street bank in over 100 years, focused on providing amazing service and. Crane, Dwight B. "Metro Bank and Trust Co." Harvard Business School Case 282-022, January 1982. Find it at Harvard. About The Author. Metro Bank has suspended businesses from opening new accounts, despite calls from the Bank of England to keep credit flowing. metro bank business

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Metrobank (Philippines)

The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the second largest bank in the Philippines.[2] It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Corporation.

History[edit]

Metropolitan Bank and Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila. In August 1963, the bank's first branch was established in Divisoria. Four years later, Metrobank opened its first provincial branch, the Davao branch. At the onset of the 1970s, Metrobank opened its first international branch in Taipei, Taiwan's capital city.

In April 1997, the Central Bank authorized Metrobank to operate a foreign currency deposit unit (FCDU). In the same year, branches and offices totaled 100 and the bank inaugurated its new head office at Metrobank Plaza in Makati.

On August 21, 1981, the Central Bank authorized Metrobank to operate as a universal bank. Following the grant of the universal banking license, Metrobank entered the following ventures: the acquisition of majority ownership of Philippine Savings Bank (the second largest savings bank in the country at that time); the establishment of a joint travel agency venture with Thomas Cook Group in Thomas Cook Phils., Inc. in 1986; and the tying-up with Toyota Motor Corporation of Japan and Mitsui to put up Toyota Motor Philippines in 1988. Metrobank subsequently entered into joint ventures with several renowned corporations like Sumitomo Mitsui Banking Corporation of Japan to create Sumigin Metro Investment Corporation; the National Mutual Holdings Ltd. of Australia to create Philippine Axa Life Insurance Corporation; and the ORIX of Japan to create ORIX Metro Leasing and Finance Corporation.

In September 1982, the number of Metrobank branches, offices and subsidiaries surpassed 200. A year later, Metrobank topped all private domestic banks in total resources, with P8.8 billion.

The bank continued to experience steady growth through the years. In September 1989, it increased its authorized capital stock from P2 billion to P5 billion. The bank's total capital funds on June 30, 2006 stood at P57.3 billion. Its consolidated resources amounted to P588.1 billion as of the same period. As of June 2007 assets reached P669.1 billion ($14.5 billion) (P46=$1).

In 1990, alongside Chinabank, Citibank, RCBC and Security Bank, Metrobank become a founding member of BancNet.

Metrobank's subsidiaries are Toyota Motor Philippines Corporation, Philippine Savings Bank, First Metro Investment Corporation, Metrobank Card Corporation, ORIX Metro Leasing and Finance Corporation, SMBC Metro Investment Corporation, First Metro Travelex (formerly Thomas Cook (Phils.), Philippine Axa Life Insurance Corporation, Mirant Global Corporation, Philippine Charter Insurance Corporation, MBTC Technology, Inc., Robert Browns Wear Inc (Moose Gear & Moose Girl Apparel), Toyota Financial Services Corporation, Toyota Cubao, Inc., Toyota Manila Bay Corporation, First Metro Securities Corporation, First Metro International Investment Co. Ltd., Metropolitan Bank (Bahamas) Ltd., MB Remittance Center Inc. (USA), Metro Remittance Singapore, Metro Remittance UK Limited, Metro Remittance (Italia) SpA, Metro Remittance S.A. (Spain) and MBTC Exchange Services GmbH (Austria).

The Metrobank Group has a combined network of over 800 local and international branches/offices, remittance offices and subsidiaries worldwide. It has 557 domestic branches and 32 offices in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai.

On September 17, 2008, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. announced Banco de Oro and Metrobank set aside provisions totalling $94.7 million to cover their exposure to the Lehman Brothers' collapse. Metrobank set aside $14 million in provisional funds, and it has $20.4 million worth of bonds issued by Lehman Brothers and P 2.4 billion ($51.28 million) in loans to a Philippine-based subsidiary of the US investment bank.[3][4] The BSP data revealed Metrobank has a Lehman Brothers exposure of $71 million, and it set aside a buffer equivalent to 70% of its exposure.[5][6]

On September 28, 2009, Metrobank is the first local bank to offer a line of CNY denominated offerings.[7]

In 2017, Metrobank made a deal with ANZ to increase its stake at Metrobank Card Corp. (MCC) from 60 percent to 100 percent. Metrobank's joint venture with ANZ was formed in 2003. Since then, MCC has become a leading provider of credit cards in the Philippines, with more than 1.5 million cards based from the data of the Credit Card Association of the Philippines (CCAP). MCC reported total assets of P60.4 billion and a return on average equity of 36.3 percent. MCC is also number one in terms of receivables based on CCAP data.[8] ANZ, on their part, announced that they would sell half of their 40% stake at MCC for US$144 million and had an option to sell the remaining 20% stake to Metrobank on the same terms, which would be exercisable in the fourth quarter of the 2018 fiscal year.[9]

Subsidiaries and affiliates[edit]

Metrobank is divided into the following subsidiaries and affiliates, which are listed depending on their location of operation:

Domestic subsidiaries and affiliates[edit]

  • First Metro Investment Corporation
  • First Metro Securities Brokerage Corporation
  • First Metro Travelex
  • Manila Doctors Hospital
  • Manila Tytana Colleges (formerly Manila Doctors College)
  • Metrobank Card Corporation (formerly Unibancard Corporation)
  • Orix Metro Leasing and Finance Corporation
  • Philippine Axa Life Insurance Corporation
  • Charter Ping An Insurance Corporation
  • Philippine Savings Bank
  • SMBC Metro Investment Corporation
  • Toyota Cubao Inc.
  • Toyota Financial Services Philippines Corporation
  • Toyota Manila Bay Corporation
  • Toyota Motor Philippines Corporation
  • Moose Gear and Moose Girl

International subsidiaries and affiliates[edit]

  • First Metro International Investment Corporation Ltd. HK
  • MBTC Exchange Service GmbH - Vienna
  • MB Remittance Center HK
  • Metro Remittance Center SA - Spain
  • Metro Remittance (Italia) SpA
  • Metro Remittance Singapore Pte Ltd
  • Metro Remittance (UK) Limited

Ownership structure[edit]

As of September 30, 2020, the following are the major stockholders:[10]

No. Company Proportion in %
1 GT Capital Holdings, Inc.37.15
2 PCD Nominee (non-Filipino) 23.34
3 PCD Nominee (Filipino) 22.98
Others 16.54

Competition[edit]

Metrobank, as the second largest Philippine bank, is always trying to stave off competition to remain one of the country's largest banks. Its main competitors are Sy-led Banco de Oro and Bank of the Philippine Islands (BPI) of the Ayala group. Other major competitors include state-owned Landbank and UCPB, Lucio Tan-owned Philippine National Bank, Gotianun-led EastWest, Security Bank of the Dy family, Chinabank (partly owned by the Sy and Dee families) and the Rizal Commercial Banking Corporation (RCBC) of the Yuchengco family.

See also[edit]

References[edit]

  1. ^ abcdefg"Annual report"(PDF). metrobank.com.ph. 2019. Retrieved August 19, 2020.
  2. ^"Assets". www.bsp.gov.ph. Retrieved August 19, 2020.
  3. ^"Philippine banks set aside funds after Lehman collapse". Monstersandcritics.com. September 17, 2008. Retrieved July 29, 2010.
  4. ^"Philippines banks set provisions for Lehman exposure". September 16, 2008. Retrieved July 29, 2010.
  5. ^"Philippines' BDO says exposure to Lehman at $134 mln". Reuters.com. September 19, 2008. Retrieved July 29, 2010.
  6. ^"7 Philippine banks have $386M in exposure to Lehman". Philippine Daily Inquirer. September 19, 2008. Archived from the original on July 21, 2011. Retrieved July 29, 2010.
  7. ^"Bank offers Chinese currency services". Philippine Daily Inquirer. September 25, 2009. Archived from the original on September 26, 2009. Retrieved July 29, 2010.
  8. ^Dumlao-Abadilla, Doris. "Metrobank buying out ANZ's 40% stake in credit card venture". Philippine Daily Inquirer. Retrieved October 20, 2017.
  9. ^Stewart, Robb. "ANZ to Sell Half of Stake in Philippines-Based Metrobank Card Corp for A$184 Million". Fox Business. Retrieved October 20, 2017.
  10. ^"List of Top 100 Stockholders". edge.pse.com.ph. Retrieved January 4, 2021.

External links[edit]

Источник: https://en.wikipedia.org/wiki/Metrobank_(Philippines)

Metro Bank Business Account for SJD Clients


Thanks to our partners at Metro Bank, SJD has been able to negotiate an extremely attractive business banking package that SJD clients can take advantage of.

What’s included in a business bank account?

Key features and benefits include:

  • On average, applications will be open within 2-3 working days.
  • In-store access 7 days a week.
  • UK based call centres.
  • 200 free transactions per month.
  • No minimum balance required to open the account.
  • All documents will be sent electronically.
  • Free online banking for the first 12 months and for the lifetime of the account if the total balance remains above £2,000.
  • Free business banking app for complete flexibility when on the go. 
  • Full cheque book and banking facilities.
  • Monthly statements.
  • All debit card transactions in Europe are free of charge.
  • Competitive rates of interest.

How to set up a business bank account

Download the following bank application form and identification requirements form to apply for this package. Once the forms are completed send these back to your SJD accountant:

Источник: https://sjdaccountancy.com/our-services/business-banking/

Metro Bank rolls out new invoicing technology for business customers

By Megha Bhattacharya

metro bankMetro Bank has announced the launch of new invoicing technology for business customers using its mobile application. The Bank stated that the new feature allows its customers to create, track and manage branded invoices directly from their Metro Bank accounts.

David Thomasson, Chief Commercial Officer at Metro Bank, commented, “This latest initiative is another string to our bow when it comes to serving the UK’s businesses, after what has been a strange and difficult year for us all. SMEs across the country are crying out for convenient, easy-to-use banking tools that free up precious time to run and grow their businesses. We’re doing our bit to make their lives a little more hassle-free.”

According to Metro Bank, customers can create invoices on the go via the mobile app, accessing lists of their previously saved clients as well as products and services they provide. They will then be able to manage their cash flows more effectively, with the app showing the payment status of each invoice and automatically reconciling their invoices with payments that come into their accounts. The service is free of charge to all Metro Bank Business Bank Account customers.

Recently, Secure printed and electronic payment solutions provider, Checkprint signed a contract renewal with Metro Bank for cheque services. The renewed contract is expected to enable the Bank to continue to instantly issue chequebooks to all new account holders, within minutes of them entering the store.

Metro Bank also announced that it has launched a new Business Account Online (BAO) journey for SME customers. The new development is expected to enable new customers to open a business account on their mobile or online coupled with identification, verification checks, and approval.

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Источник: https://ibsintelligence.com/ibsi-news/metro-bank-rolls-out-new-invoicing-technology-for-business-customers/

Metro Bank has launched a new brand and marketing campaign, demonstrating its commitment to empowering the UK’s small businesses and underlining its highly-rated business banking offering.

This is Metro Bank’s first ever business brand campaign, with radio advertising sitting at the heart of that. The campaign also marks the first time that the Bank has been involved in a publishing partnership, with The Guardian, and will be further supported by an array of digital channels across social media, YouTube, display and paid search. Metro Bank is working in tandem with agency partners Goodstuff and Mr. President to successfully deliver the campaign.

The Bank will be featuring three of its business customers throughout the campaign, giving them an opportunity to showcase their businesses and delve into the close, mutually beneficial relationships they’ve built with Metro Bank. A key advantage for Metro Bank business customers is that they get their own dedicated business manager, who’s there for them every step of the way and on-hand to offer help. Each business manager features alongside their customer in the campaign, reflecting the close connections and friendships created as a result of Metro Bank’s approach.

The three businesses featured are:

  • Lexi’s Treats, which makes low calorie snack bars and has grown quickly with the support of Metro Bank. Lexi is a former banker turned businessman, who saw a gap in the market for low calorie snacks that genuinely taste great too.
  • Daisy’s Dog Empawrium, a business making dog accessories and homemade dog treats, with a shop in Bluewater Shopping Centre in Kent. Daisy’s secured a Government-backed Bounce Back Loan with Metro Bank, enabling the business to develop e-commerce capabilities during lockdown.
  • Koalaa Ltd, which designs and produces bespoke prosthetic limbs for children and adults. Its core mission is to ensure that prostheses are comfortable and much more affordable.

In the last year alone, Metro Bank has released a number of technology upgrades specifically designed for businesses. This includes a new SME insurance offering, fresh invoicing capabilities, receipt management upgrades and enabling Direct Debit Origination. In addition, the Bank launched a Business Account Online (BAO) journey for SMEs, so new customers can open a business account on their mobile or online in just 15 minutes from start to finish, 24 hours a day.


This is in addition to the £1.5billion of Government-backed loans offered by Metro Bank to 36,000 UK businesses. The Bank also managed to keep all of its stores open throughout the pandemic, and is now back to offering 7 days a week opening hours, early until late.

The Bank has a range of other initiatives which it uses to promote and empower local businesses. To date Metro Bank has hosted more than 11,000 networking events in its stores, giving local businesses a platform to succeed and reach new people. The Bank also works in partnership with Enterprise Nation, a leading provider of advice to small businesses in the UK. This has a range of benefits for customers, including online tools that connect business owners with the answers they need, as well as a diverse range of virtual events held up and down the UK.

Jessica Myers, Brand and Marketing Director at Metro Bank, comments: “As a community bank – one that’s proud of the people and businesses where we operate – it’s a pleasure to feature three of our fantastic businesses and tell their powerful stories through our first fully integrated business brand campaign, whilst creating their own advertising campaigns too. Metro Bank is a champion of human relationships in banking. People value other people, and as the nation’s businesses recover from what has been an incredibly tough year, that’s more important now than ever before.”


Источник: https://bmmagazine.co.uk/in-business/metro-bank-launches-first-campaign-to-empower-small-business/

Trade Talk showcases the businesses in the midstate and the people who make them work. From companies who make iconic products to the small family businesses and everyone in between, we have a little bit of everything in the midstate. Midstate companies keep the economy moving, people working and communities thriving throughout the midstate.

For the latest business events in the area, check out PennLive's Event Calendar and select the business category.

Follow Trade Talk and Business Buzz on Twitter and Facebook.

NEW HIRES

Shane Moser of Millersville has joined Metro Bank as vice president and commercial loan officer for the bank's Lancaster/Lebanon region. Moser has 20 years of banking experience, most recently as vice president of business banking for PNC.

Helene Ramp of York County has joined Metro Bank as a senior loan settlement officer for the bank's York region. Ramp has more than 30 years of banking experience, most recently as a loan specialist for AgChoice Farm Credit.

Shelly Light of Hamburg joined Metro Bank as store manager at the bank's Lancaster Avenue location. She has more than 31 years of banking experience, most recently as a business banker for First Priority Bank.

Kristopher Korzi of Elizabethtown has joined the Wormleysburg office of Stonebridge Financial Group as a portfolio analyst. Prior to joining Stonebridge Financial Group, Korzi was an analyst at Public Financial Management for two years.

Maria Jo Coons has joined Berkshire Hathaway HomeServices Homesale Realty as a Realtor and is a member of the Liz Wille Team. She will be based out of Dauphin County.

David Sivel of Hanover was named senior director of portfolio management in central Pennsylvania for BNY Mellon. Sivel, who has more than 20 years of experience in wealth management, has held a number of leadership roles, most recently for seven years as managing director of wealth and institutional services with Wilmington Trust. Prior to that, he served for eight years as chief investment officers and president for SCM, a private wealth management firm in the Philadelphia area.

Pete Tartline was named senior consultant at Cumberland County-based  Dering Consulting Group Inc. He joins Dering after 20 years in government service in a variety of policy, administrative and leadership roles. He also has led a non-profit organization in addition to his own independent consulting firm. Most recently, he served for four years as executive deputy secretary and chief financial officer for the Commonwealth of Pennsylvania, Office of the Budget.

Leonard S. Mialki was named vice president/senior commercial banker at Integrity Bank. He has 37 years of experience in banking. His most recent position was director of commercial and industrial lending at Orrstown Bank.

PROMOTIONS

Jess Dubbs was promoted to director of marketing at York County-based Investment Real Estate LLC. She was hired in April 2013 as an executive assistant. She brings over 15 years of experience in design and marketing in both the corporate and private sectors, as well as owning and operating a freelance business focusing on graphic and multimedia design.

Melissa Carpenter of Reading was promoted to store manager of the bank's Exeter location where she will oversee business and employee development. Carpenter has over nine years of banking experience, all with Metro Bank. Most recently, she was the assistant store manager at the Exeter Store.

Sumati Gopal-Gera of Sinking Spring was promoted to store manager of Metro Bank's Shillington Road location. Gopal-Gera has 12 years of banking experience. She served as an assistant store manager prior to her promotion to store manager. In her new role, she will manage operations for the store.

APPOINTMENTS

Richard H. Friedman, partner at McNees Wallace & Nurick LLC in Harrisburg, was elected chair of the Pennsylvania Bar Association's Environmental and Energy Law Section. He will serve a two-year term. He practices in the Environmental and Energy Law Group at McNees.

Источник: https://www.pennlive.com/business-news/2015/05/trade_talk_101.html

Metro Bank Gives Its Customers Their Very Own Advertising Campaigns

As UK businesses fully open, creative agency Mr. President and media agency Goodstuff are on a mission to help Metro Bank get them up and running. Their latest campaign communicates the unique personal service business customers receive, by highlighting Metro Bank’s Local Business Managers (LBMs), as they help three of their customers create radio ads.

True to their 'People-people banking' mantra, Metro Bank assigns business customers a local business manager. They are a personal point of contact who are always on hand with ideas to help customers' businesses move forward. Naturally, many customers feel their LBM is an integral part of their business.

The creative by Mr. President shines a light on the unique bond between real local business managers and their real customers, while showing the parties in the process of creating ads for the small business – a gesture in support of the local businesses by Metro Bank. 

Mr. President created and produced the overarching campaign, and also worked with Metro Bank’s three businesses customers to develop their striking radio adverts. 

“Metro Bank has always had humanity at its core - whether it’s in-store birthday cake surprises for children or personal Local Business Managers for business customers” says Jon Gledstone, Partner and ECD at Mr. President. “We’ve created something that lets business owners everywhere see the level of personal service they could be getting from their bank. The creative opportunity for us was to create a single campaign where all the businesses involved had distinctive and creatively-rich adverts of their own.”

Media strategy, planning and buying has been delivered by Metro Bank’s media agency Goodstuff. The hero channel is audio, which is Metro Bank’s first venture into the channel, including bespoke customer ads for the three businesses. This will be supported by digital and a publishing partnership with the Guardian. The campaign aims to target independent and local business owners, increasing awareness of Metro Bank’s new offering and dramatising the relationship between business owner and LBM, as well as celebrating other small businesses. 

Paige Spencer, planning manager at Goodstuff who has worked closely on this campaign with Metro Bank said: “The pandemic has been a breeding ground for start-ups, as people have used this time to re-evaluate their priorities and ambitions. Metro Bank understands that business-people need people-people to help support them along this journey. The Business Account Online (BAO) campaign celebrates the success of three businesses, who have worked closely with the LBMs to make their dreams a reality. The multi-channel campaign marks Metro Bank’s first venture into business banking, helping the nation get from start up, to up and running.” 

The campaign launches on the 1st of June.

Источник: https://www.lbbonline.com/news/metro-bank-gives-its-customers-their-very-own-advertising-campaigns

METRO BANK PLC

Over 30 SME business owners attended the first post pandemic network event after nearly two years at Metro Bank's Liverpool Street store this week. Headlining the event was Liz Barclay, the Small Business Commissioner, who spoke passionately about the issue of late payments.

Industry research reveals that poor payment practices have a huge impact on small business owners nearly two thirds (65%) of whom say they were frequently paid late.

Late payments impact every aspect of a business: from business owners stopping (47%) or reducing (37%) their own pay, cancelling training (36%), failing to replace broken equipment (20%) to most worryingly being forced to pay their staff late (7%).

The Small Business Commissioner notes that if small businesses were paid on time, the UK economy would be boosted by an estimated £2.5 billion per annum.

Michael Roe, local business manager at Metro Bank's Liverpool Street store organised the event. "We worked closely with one of our customers Your Business Community - a business networking community - to attract over 30 small business owners to the event. Every Metro Bank store has customer-facing local business managers who are there to support local business owners with their banking and financial needs to help them thrive and grow.

"Liz Barclay is helping to shine a light on one of the biggest problems small business owners face daily. Delayed and late payments have a significant impact on business performance and cause a vicious circle as, by impacting cash flow, small business owners can themselves be forced to delay payment. We would encourage all business owners to contact their bank which may be able to help smooth out temporary cash flow issues."

The Liverpool Street Metro Bank store is located at 117-121 Bishopsgate, London, EC2M 7PP. The store is open Monday to Saturday 8.30am to 6pm, Sunday 11am to 5pm.

Disclaimer

Metro Bank plc published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 10:25:05 UTC.

Источник: https://www.marketscreener.com/quote/stock/METRO-BANK-PLC-26786400/news/Metro-Bank-Small-Business-Commissioner-Calls-for-Paying-Bills-Promptly-37038368/

Metrobank (Philippines)

The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the second largest bank in the Philippines.[2] It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Corporation.

History[edit]

Metropolitan Bank and Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila. In August 1963, the bank's first branch was established in Divisoria. Four years later, Metrobank opened its first provincial branch, the Davao branch. At the onset of the 1970s, Metrobank opened its first international branch in Taipei, Taiwan's capital city.

In April 1997, the Central Bank authorized Metrobank to operate a foreign currency deposit unit (FCDU). In the same year, branches and offices totaled 100 and the bank inaugurated its new head office at Metrobank Plaza in Makati.

On August 21, 1981, the Central Bank authorized Metrobank to operate as a universal bank. Following the grant of the universal banking license, Metrobank entered the following ventures: the acquisition of majority ownership of Philippine Savings Bank (the second largest savings bank in the country at that time); the establishment of a joint travel agency venture with Thomas Cook Group in Thomas Cook Phils., Inc. in 1986; and the tying-up with Toyota Motor Corporation of Japan and Mitsui to put up Toyota Motor Philippines in 1988. Metrobank subsequently entered into joint ventures with several renowned corporations like Sumitomo Mitsui Banking Corporation of Japan to create Sumigin Metro Investment Corporation; the National Mutual Holdings Ltd. of Australia to create Philippine Axa Life Insurance Corporation; and the ORIX of Japan to create ORIX Metro Leasing and Finance Corporation.

In September 1982, the number of Metrobank branches, offices and subsidiaries surpassed 200. A year later, Metrobank topped all private domestic banks in total resources, with P8.8 billion.

The bank continued to experience steady growth through the years. In September 1989, it increased its authorized capital stock from P2 billion to P5 billion. The bank's total capital funds on June 30, 2006 stood at P57.3 billion. Its consolidated resources amounted to P588.1 billion as of the same period. As of June 2007 assets reached P669.1 billion ($14.5 billion) (P46=$1).

In 1990, alongside Chinabank, Citibank, RCBC and Security Bank, Metrobank become a founding member of BancNet.

Metrobank's subsidiaries are Toyota Motor Philippines Corporation, Philippine Savings Bank, First Metro Investment Corporation, Metrobank Card Corporation, ORIX Metro Leasing and Finance Corporation, SMBC Metro Investment Corporation, First Metro Travelex (formerly Thomas Cook (Phils.), Philippine Axa Life Insurance Corporation, Mirant Global Corporation, Philippine Charter Insurance Corporation, MBTC Technology, Inc., Robert Browns Wear Inc (Moose Gear & Moose Girl Apparel), Toyota Financial Services Corporation, Toyota Cubao, Inc., Toyota Manila Bay Corporation, First Metro Securities Corporation, First Metro International Investment Co. Ltd., Metropolitan Bank (Bahamas) Ltd., MB Remittance Center Inc. (USA), Metro Remittance Singapore, Metro Remittance UK Limited, Metro Remittance (Italia) SpA, Metro Remittance S.A. (Spain) and MBTC Exchange Services GmbH (Austria).

The Metrobank Group has a combined network of over 800 local and international branches/offices, remittance offices and subsidiaries worldwide. It has 557 domestic branches and 32 offices in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai.

On September 17, 2008, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. announced Banco de Oro and Metrobank set aside provisions totalling $94.7 million to cover their exposure to the Lehman Brothers' collapse. Metrobank set aside $14 million in provisional funds, and it has $20.4 million worth of bonds issued by Lehman Brothers and P 2.4 billion ($51.28 million) in loans to a Philippine-based subsidiary of the US investment bank.[3][4] The BSP data revealed Metrobank has a Lehman Brothers exposure of $71 million, and it set aside a buffer equivalent to 70% of its exposure.[5][6]

On September 28, 2009, Metrobank is the first local bank to offer a line of CNY denominated offerings.[7]

In 2017, Metrobank made a deal with ANZ to increase its stake at Metrobank Card Corp. (MCC) from 60 percent to 100 percent. Metrobank's joint venture with ANZ was formed in 2003. Since then, MCC has become a leading provider of credit cards in the Philippines, with more than 1.5 million cards based from the data of the Credit Card Association of the Philippines (CCAP). MCC reported total assets of P60.4 billion and a return on average equity of 36.3 percent. MCC is also number one in terms of receivables based on CCAP data.[8] ANZ, on their part, announced that they would sell half of their 40% stake at MCC for US$144 million and had an option to sell the remaining 20% stake to Metrobank on the same terms, which would be exercisable in the fourth quarter of the 2018 fiscal year.[9]

Subsidiaries and affiliates[edit]

Metrobank is divided into the following subsidiaries and affiliates, which are listed depending on their location of operation:

Domestic subsidiaries and affiliates[edit]

  • First Metro Investment Corporation
  • First Metro Securities Brokerage Corporation
  • First Metro Travelex
  • Manila Doctors Hospital
  • Manila Tytana Colleges (formerly Manila Doctors College)
  • Metrobank Card Corporation (formerly Unibancard Corporation)
  • Orix Metro Leasing and Finance Corporation
  • Philippine Axa Life Insurance Corporation
  • Charter Ping An Insurance Corporation
  • Philippine Savings Bank
  • SMBC Metro Investment Corporation
  • Toyota Cubao Inc.
  • Toyota Financial Services Philippines Corporation
  • Toyota Manila Bay Corporation
  • Toyota Motor Philippines Corporation
  • Moose Gear and Moose Girl

International subsidiaries and affiliates[edit]

  • First Metro International Investment Corporation Ltd. HK
  • MBTC Exchange Service GmbH - Vienna
  • MB Remittance Center HK
  • Metro Remittance Center SA - Spain
  • Metro Remittance (Italia) SpA
  • Metro Remittance Singapore Pte Ltd
  • Metro Remittance (UK) Limited

Ownership structure[edit]

As of September 30, 2020, the following are the major stockholders:[10]

No. Company Proportion in %
1 GT Capital Holdings, Inc.37.15
2 PCD Nominee (non-Filipino) 23.34
3 PCD Nominee (Filipino) 22.98
Others 16.54

Competition[edit]

Metrobank, as the second largest Philippine bank, is always trying to stave off competition to remain one of the country's largest banks. Its main competitors are Sy-led Banco de Oro and Bank of the Philippine Islands (BPI) of the Ayala group. Other major competitors include state-owned Landbank and UCPB, Lucio Tan-owned Philippine National Bank, Gotianun-led EastWest, Security Bank of the Dy family, Chinabank (partly owned by the Sy and Dee families) and the Rizal Commercial Banking Corporation (RCBC) of the Yuchengco family.

See also[edit]

References[edit]

  1. ^ abcdefg"Annual report"(PDF). metrobank.com.ph. 2019. Retrieved August 19, 2020.
  2. ^"Assets". www.bsp.gov.ph. Retrieved August 19, 2020.
  3. ^"Philippine banks set aside funds after Lehman collapse". Monstersandcritics.com. September 17, 2008. Retrieved July 29, 2010.
  4. ^"Philippines banks set provisions for Lehman exposure". September 16, 2008. Retrieved July 29, 2010.
  5. ^"Philippines' BDO says exposure to Lehman at $134 mln". Reuters.com. September 19, 2008. Retrieved July 29, 2010.
  6. ^"7 Philippine banks have $386M in exposure to Lehman". Philippine Daily Inquirer. September 19, 2008. Archived from the original on July 21, 2011. Retrieved July 29, 2010.
  7. ^"Bank offers Chinese currency services". Philippine Daily Inquirer. September 25, 2009. Archived from the original on September 26, 2009. Retrieved July 29, 2010.
  8. ^Dumlao-Abadilla, Doris. "Metrobank buying out ANZ's 40% stake in credit card venture". Philippine Daily Inquirer. Retrieved October 20, 2017.
  9. ^Stewart, Robb. "ANZ to Sell Half of Stake in Philippines-Based Metrobank Card Corp for A$184 Million". Fox Business. Retrieved October 20, 2017.
  10. ^"List of Top 100 Stockholders". edge.pse.com.ph. Retrieved January 4, 2021.

External links[edit]

Источник: https://en.wikipedia.org/wiki/Metrobank_(Philippines)

The best business bank account: Tide, Revolut, Starling or Metro?

(1) Features vs. cost (on paper)

On paper, the four offerings are quite different and all serve different needs. 

Metro Bank has the benefit of offering 67 physical locations throughout the UK which are open seven days a week, but its online offering is weaker. 

Starling is the best option great for freelancers and contractors.

Revolut is the best option for small businesses. 

Let us now look into the details of why this is the case

Winner (freelancers and contractors): Starling

Starling is completely free, provides incredible 24/7 support, a great mobile banking experience and includes FSCS protections for your deposits.

After evaluating all the different offerings and testing out their services, I decided to switch my business banking from Santander to Starling.

And I opened up a Starling personal account (a prerequisite for their business account, which will be an annoyance for some) and now do most of my personal banking through Starling, so everything is integrated in a simple app. Marvelous!

Here are Starling's selling points:

  • No fees whatsoever. There are no fees on electronic payments, UK transfers, monthly account fees or ATM withdrawals. Tide has transaction fees that range from £0.20 for transfers and £1 for ATM cash withdrawals or cash deposits via the Post Office. Metro Bank also has transaction fees (£0.30 for transfers) and a monthly minimum maintenance fee of £5 unless you keep a minimum balance of £5,000, and then the maintenance fee and transaction fees are waived. While none of these fees are hefty, it is certainly nice to save on fees.
  • 24/7 chat and phone support. You can reach Starling anytime, literally within minutes (see customer service section below)! Metro Bank also offers speedy 24/7 phone support but it does not have 24/7 live chat (appealing to the younger demographic). Tide offers 24/7 in-app support but its phone support is not 24/7. 
  • FSCS protection. This insurance is absolutely essential as it protects your deposits up to £85,000 if your bank fails. Starling and Metro Bank offer this, but Tide does not. This is a deal breaker for Tide.
  • Integrations with Xero and FreeAgent. You can link up Starling with popular accounting software for freelancers and contractors. Tide offers both of these and Sage as well (so has an advantage over Starling), but Metro Bank only offers Xero. Most contractors in the UK use FreeAgent, so this is the one that really matters.

It's not surprising that Starling won Best Business Account provider at the British Bank Awards 2019.

There are of course some downsides with Starling, namely:

  • No physical locations: Metro Bank has a huge advantage with its physical presence. With the advent of online banking, physical branches are no longer a necessity but is always nice to know you can access one if you need it. And on top of that, Metro Bank branches are open seven days a week. Metro Bank clearly wins here. 
  • App only: You can only use Starling via a mobile app. Tide offers a mix of desktop and app, whereas Metro Bank offers desktop, app and physical branches. While this is certainly a downside, Starling's app is so easy to you use that rarely are you left wanting for something more.
  • Fewer business-friendly features than Tide: There are some great features Tide has that work really well for freelancers and contractors such as the ability to send invoices and cards for team members linked to the same account. Tide definitely edges Starling out in this regard.

In summary, Starling slightly edged out Metro Bank for me.

It's free account with great online experience beat out a physical branch presence. This is a toss up really - many people would prefer the security of physical branches. 

Tide put up a good showing, but its lack of FSCS protection was a deal breaker. After all, Tide is a start-up and is at a much higher risk of failing than a more established bank. And in the small chance this happens, no one would want their savings to go along with it.

Revolut is already more established than Tide but its lack of FSCS protection on top of its poor customer support options and transaction fees push it down to third place for most freelancers/contractors, most of whom will have little use for Revolut's power features.

Winner (small businesses): Revolut

Revolut's offering is almost exclusively geared towards small businesses and away from freelancers and contractors, both in terms of pricing and features.

Its pricing is steep. It charges £7 a month for freelancers/contractors and its small business starter package costs £25 a month (with its 'scale' and 'enterprise' packages coming in at £100/month and £1,000/month respectively).

Whilst Revolut does offer free accounts, in practice these have very little functionality before you begin to pay transaction fees.

Where Revolut really delivers is in power features for three major types of business users:

Those with multiple employees looking to simplify expenses
  • you can easily issue prepaid cards to multiple team members
  • team members can submit expenses for approval to be paid
  • and there is a built in dashboard to track expenses
Those transacting in multiple currencies or who have employees travelling
  • hold, receive and exchange 29 currencies, which is very impressive.
  • exchange, transfer metro bank business receive 150 currencies at the inter-bank exchange rate.
  • any employee can spend abroad using a Revolut card and pays the interbank rate on FX.
Integrations for power users
  • popular accounting software such as Xero and FreeAgent (with more on the bank of america direct deposit routing number (the popular messaging app) and impressively, Zapier which is a tool that integrates thousands of apps with each other, allowing you to easily move information between them. 
  • on top of this, Revolut also has an API
  • these features make it great for for power users who want to integrate Revolut into their work flows. See below for a simple workflow that is possible using Zapier to connect Revolut and Gmail:
Workflow using Zapier to connect Revolut and Gmail

This functionality and customizability make Revolut an easy choice for small businesses. 

(2) Sign-up process for account

Time is valuable.

Whenever I started or restarted contracting, I found myself only having a few days between landing a contract and needing to start work. This meant getting everything in order quickly - setting up a limited company, finding an accountant, getting insurance and getting a business bank account.

I wanted to quickly and easily sign up for an account without having to visit a branch or chase / stay on top of things. I thought the challenger banks would be clear and away winners vs. high street banks, but I was unpleasantly surprised.

Winner: Revolut 

Revolut had far and away the smoothest account opening process. I opened an account through their website immediately.

Simply fill in all the information they require (unfortunately more than Tide or Starling did), go through their security check, choose your pricing plan and then make a transfer to the account of at least £1 and voila - your account is open!

Initially I was told it would take about two weeks to receive my Revolut card in the mail (which I was a bit shocked by - two weeks in the day and age of Amazon Prime?!) but the card came in five days.

The card looks beautiful and has a nice feel to it. While it is metallic, it isn't very weighty compared to say, the new American Express Platinum metallic cards.

Revolut also has a really strong set of onboarding emails that introduce you to the myriad of features they provide.

Revolut buinsess bank account card

2nd place: Tide

Tide also had a pretty slick sign-up process but it took 48 hours to get actually get the account opened.

After initially downloading the app and starting the account opening process, I began to lose faith.

I found the registration process a bit buggy. For example there was no way to choose the focus of my business, and it was clunky to enter in my birthday. These are small things but for a company that is completely app-based, it erodes trust.

However low and behold, after about 10 minutes I was able to enter in all the requisite information, run through the security check and conclude the signup process. I was told it would take between 5 minutes and 48 hours to open my account.

Unfortunately I fell into the 48 hour camp, which was a tad annoying at first. However after I struggled to open accounts at Starling and Metro Bank, Tide's process seemed like a breeze.

A few days later I received the Tide card in the mail! 

Tide buinsess bank account card

The card was scratched, and I don't love the design of the card, but hey - these are all minor things!

3rd place: Starling

I had an awful process getting Starling set up. On the surface, the process was super smooth - in less than 10 minutes I had whizzed through the app and security check and was told my account had been opened immediately.

Hurrah! Or so I thought.

A week later I sent my client an invoice and asked them to pay it into my new, shiny Starling account. However, the payment bounced. It turns out northern state bank thief river falls mn Starling account hadn't been opened after all. This was very strange to me, because they had even sent me my card in the mail.

Starling buinsess bank account card

After digging through the app, I realised Starling's customer service team had sent me a message shortly after I thought I had opened the account requesting I answer another 8 questions about my business.

It was frustrating because I had absolutely no idea I needed to provide this information and the questions seemed extraneous e.g. what are your business goals for the next year and where are your customers located. Tide and Revolut did not ask these questions.

After providing the informationI received ANOTHER request from Starling for additional documentation. You think they'd build all of this into their application process.

But after a month of initially thinking I had the account set up, I finally did. It was a painful process and is definitely something that needs to be metro bank business place: Metro Bank

If you thought Starling's account opening process is awful, wait until you try and open an account with Metro Bank.

I called my local branch to see if I could make an appointment and they said I could not, and that I should budget two hours for the account opening process.

Two hours!? And on top of that, I had to dig up documents to prove my address. But in the name of thoroughness for this article, I proceeded.

After waiting 20 minutes to see a representative, I was greeted by a young lady that would metro bank business responsible for opening my account. About 30 minutes into the account opening process, I was informed that my address had been flagged for fraud through a CIFAS check. I immediately became worried.

But as I questioned her more, it turns out that someone in my postal code had attempted to fraudulently use an address to sign up for financial products, not even my address! There are easily over a hundred flats and homes in my postal code. It is a completely absurd security check.

She informed me she would need to do additional checks and that if I passed, I would need to come back to the branch to re-start the process. When I asked her how many people fail the check, she said over 50%. I was dumbfounded at the stupidity. 

I was informed I passed the check and went back into the branch to start the account opening process once again. And of course, my profile had not been saved from the first time I went in, so I needed to answer the same series of questions again.

I told the representative that we needed to open the account within 60 minutes or I was leaving and he rushed through the process to get it done. Kudos to him. However he informed me that my application still needed to be approved before the account would be opened.

Three few days later I received an email notifying me that my account had been opened and inviting me to set up online banking, and a letter in the mail brought my debit card and a 'secret word' required to set up my online banking.

The online banking set-up process was a bit cumbersome as I was required to enter my 'customer number' but Metro Bank did not provide this to me, so I had to call in to get it. But soon thereafter I was in!

Metro buinsess bank account card

(3) Day to day banking

1st place: 3 way tie between Revolut, Starling and Tide

All three of the online-only offerings were extremely clean, intuitive and easy to use.

They each offer marginal pros and cons. For example I found Tide's app the most intuitive, but Starling offers seamless integration between your personal and business accounts. Below I've shared a bit more about each (in alphabetical order). 

Revolut

Revolut pushes users towards using its desktop solution versus its mobile app, I think because it offers so much more functionality than the other offerings that it is easier to manage on a computer with a larger screen.

The interface is clean and very easy to get a handle on. See a screenshot below of the welcome screen.

Revolut online dashboard

As I played around with different features I found it fairly easy to take advantage of Revolut's advanced features, such as ordering new physical cards, setting up virtual cards, and transferring money from my GBP account to my EUR account. Well done Revolut!

I believe the expense management features are a big plus.

Now, employees can easily spend abroad on a business card without having to separate personal from business expenses. To integrate expense management features offered by the likes of Concur and KDS directly into banking is a huge win.

Revolut wrote a good article about how it built its banking offering in this medium post, which is worth a read

Starling

As I mentioned above, after I tested the offerings of all the different providers, I promptly set in motion the Current Account Switch from Santander to Starling.

I've now been using Starling for a few weeks and it has been fantastic. The app is clean, fast and easy to use. Sending payments is a breeze and all my expenses are neatly categorised. 

I am a big fan of simplicity and a huge selling point for me was integrating my business and personal banking into a single view.

With Starling I have both my business and personal accounts in a single app and can easily transfer between them. In addition, the interfaces are the same so I don't need to remember the layouts and quirks of different offerings.

Starling app view

A downside of Starling is the lack of a desktop version. I thought this was going to be an annoyance for me, but I have found the app so easy to use that I haven't missed having access to a desktop version. 

Tide

Tide offers both mobile app and desktop. I found the app very cleanly laid out and intuitive, even more so than Starling's and Revolut's apps. 

Tide's desktop offering was also extremely well laid out. Here's a screenshot of the the first thing you see when you log in, as well as how the menu structure is laid out on the left. I like how all the functionality is in a single, clean menu, which many banks complicate.

Tide online dashboard view

Tide also offers integrated invoicing, which I was excited to try out. While it was fairly simple to set up an invoice, it was overly simplistic. I could add multiple line items and a fixed amount for the service.

But what about when I am charging a client for 18 days of work in a month? Or specifying different currencies? I cannot create multiple columns like I can in excel to specify the number of days worked and day rate, or the FX rate. So while it is great in theory, it did not quite meet my needs.

A big downside of Tide is that it does not offer personal accounts. While this isn't a dealbreaker, it is nice plus to be able to integrate your personal and business banking in a single place.

4th place: Metro Bank

Metro Bank's desktop offering is more akin to a traditional high street bank.

It was certainly easier to use than HSBC or Santander, but still a niagara falls air force federal credit union off from the likes of Revolut and Tide. For example I had to go through four steps to make a payment, which felt cumbersome.

Its app on the other hand is much closer to the online-only players. It was clean and easy to use, albeit not having the same modern user interface and design. 

Metro bank app view

Metro Bank also rockland lake championship golf course tee times the ability to integrate your personal and business banking in a single app, similar to Starling. This is certainly a plus. 

Overall, all four providers performed very well on day to day banking, with Revolut, Starling and Tide slightly edging out Metro Bank.

(4) Customer service

Customer service is of course an extremely important component of any banking service.

If you need to make changes to your account, or if your account is frozen (which seems to happen often these days), you want to know you can reach customer service quickly and easily to metro bank business your issues.

Winner: Starling

Starling actively advertises 24/7 human support, and they deliver!

I tested this by contacting their customer support via the live chat in the app at 5:30am and received a response within three minutes. Pretty good! Younger freelancers and contractors often prefer live chat and app-based support to calling in.

As for Starling's phone support, I tested the phone lines at 6:30am and got UK-based support on the phone in less than 60 seconds! 

This combined phone & live chat support with responses in minutes is unheard of in today's banking age.

2nd place: Metro Bank

Metro Bank advertises its 24/7 call centre and the response times are fantastic. I called on two separate occasions, once inside of UK business hours and once outside, and after navigating a few menus, got someone on the phone near instantly - even faster than Starling!

Metro Bank also has an edge on the others with its physical banking presence. However, I personally found that the branch provided fairly poor service. The staff did not follow-up on messages they said they would send me, did not respond to emails on multiple occasions, and ranged greatly in speed and friendliness. 

If Metro Bank provided a better in-branch experience they would have won.

3rd place: Revolut

Revolut's customer service is poor at best. They do not offer any phone support whatsoever, so everything must be done through their 24/7 live chat.

However I found the response times to be extremely slow. It took me 1 hour and 16 minutes to receive a response to a simple question. 

Revolut customer service chat screen

This is simply unacceptable when you do not offer phone support, especially for a business customer. After speaking to a few other people who have dealt with Revolut's customer service, they attested to the slow response times. It seems Revolut still has a ways to go in this regard.

4th place: Tide

Tide's service is guardian savings bank ft thomas than Revolut's (ouch). They only offer phone support for lost and stolen cards, and push their members towards their in-app live chat and email.

However, both of these channels are extremely slow. I had an issue activating my mobile app so tried emailing Tide, and it took 1 hour and 18 minutes to get a response. Not terrible, but this is nowhere near having someone on the phone in 60 seconds with Metro Bank and Starling. 

The live chat is even worse. I waited over 2 hours for a response to a simple question. The combined lack of responsiveness to email/in-app chat and limited phone support is completely unacceptable in my opinion.

Источник: https://www.goforma.com/business-resources/business-bank-tide-vs-revolut-starling-metro

Trade Talk showcases the businesses in the midstate and the people who make them work. From companies who make iconic products to the small family businesses and everyone in between, we have a little bit of everything in the midstate. Midstate companies keep the economy moving, people working and communities thriving throughout the midstate.

For the latest business events in the area, check out PennLive's Event Calendar and select the business category.

Follow Trade Talk and Business Buzz on Twitter and Facebook.

NEW HIRES

Shane Moser of Millersville has joined Metro Bank as vice president and commercial loan officer for the bank's Lancaster/Lebanon region. Moser has 20 years of banking experience, most recently as vice president of business banking for PNC.

Helene Ramp of York County has joined Metro Bank as a senior loan settlement officer for the bank's York region. Ramp has more than 30 years of banking experience, most recently as a loan specialist for AgChoice Farm Credit.

Shelly Light of Hamburg joined Metro Bank as store manager at the bank's Lancaster Avenue location. She has more than 31 years of banking experience, most recently as a business banker for First Priority Bank.

Kristopher Korzi of Elizabethtown has joined the Wormleysburg office of Stonebridge Financial Group as a portfolio analyst. Prior to joining Stonebridge Financial Group, Korzi was an analyst at Public Financial Management for two years.

Maria Jo Coons has joined Berkshire Hathaway HomeServices Homesale Realty as a Realtor and is a member of the Liz Wille Team. She will be based out of Dauphin County.

David Sivel of Hanover was named senior director of portfolio management in central Pennsylvania for BNY Mellon. Sivel, who has more than 20 years of experience in wealth management, has held a number of leadership roles, most recently for seven years as managing director of wealth and institutional services with Wilmington Trust. Prior to that, he served for eight years as chief investment officers and president for SCM, a private wealth management firm in the Philadelphia area.

Pete Tartline was named senior consultant at Cumberland County-based  Dering Consulting Group Inc. He joins Dering after 20 years in government service in a variety of policy, administrative and leadership roles. He also metro bank business led a non-profit organization in addition to his own independent consulting firm. Most recently, he served for four years as executive deputy secretary and chief financial officer for the Commonwealth of Pennsylvania, Office of the Budget.

Leonard S. Mialki was named vice president/senior commercial banker at Integrity Bank. He has 37 years of experience in banking. His most recent position was director of commercial and industrial lending at Orrstown Bank.

PROMOTIONS

Jess Dubbs was promoted to director of marketing at York County-based Investment Real Estate LLC. She was hired in April 2013 as an executive assistant. She brings over 15 years of experience in design and marketing in both the corporate and private sectors, as well as owning and operating a freelance business focusing on graphic and multimedia design.

Melissa Carpenter of Reading was promoted to directions to the nearest wells fargo atm manager of the bank's Exeter location where she will oversee business and employee development. Carpenter has over nine years of banking experience, all with Metro Bank. Most recently, she was the assistant store manager at the Exeter Store.

Sumati Gopal-Gera of Sinking Spring was promoted to store manager of Metro Bank's Shillington Road location. Gopal-Gera has 12 years of banking experience. She served as an assistant store manager prior to her promotion to store manager. In her new role, she will manage operations for the store.

APPOINTMENTS

Richard H. Friedman, partner at McNees Wallace & Nurick LLC in Harrisburg, was elected chair of the Pennsylvania Bar Association's Environmental and Energy Law Section. He will serve a two-year term. He practices in the Environmental and Energy Law Group at McNees.

Источник: https://www.pennlive.com/business-news/2015/05/trade_talk_101.html

Metro Bank Gives Its Customers Their Very Own Advertising Campaigns

As UK businesses fully open, creative agency Mr. President and media agency Goodstuff are on a mission to help Metro Bank get them up and running. Their latest campaign communicates the unique personal service business customers receive, by highlighting Metro Bank’s Local Business Managers (LBMs), as they help three of their customers create radio ads.

True to their 'People-people banking' mantra, Metro Bank assigns business customers a local business manager. They are a personal point of contact who are always on hand with ideas to help customers' businesses move forward. Naturally, many customers feel their LBM is an integral part of their business.

The creative by Mr. President shines a light on the unique bond between real local business managers and their real customers, while showing the parties in the process of creating ads for the small business – a gesture in support of the local businesses by Metro Bank. 

Mr. President created and produced the overarching campaign, and also worked with Metro Bank’s three businesses customers to develop their striking radio adverts. 

“Metro Bank has always had humanity at its core - whether it’s in-store birthday cake surprises for children or personal Local Business Managers for business customers” says Jon Gledstone, Partner and ECD at Mr. President. “We’ve created something that lets business owners everywhere see the level of personal service they could be getting from their bank. The creative opportunity for us was to create a single campaign where all the businesses involved had distinctive and creatively-rich adverts of their own.”

Media strategy, planning and buying has been delivered by Metro Bank’s media agency Goodstuff. The hero channel is audio, which is Metro Bank’s first venture into the channel, including bespoke customer ads for the three businesses. This will be supported by digital and a publishing partnership with the Guardian. The campaign aims to target independent and local business owners, increasing awareness of Metro Bank’s new offering and dramatising the relationship between business owner and LBM, as well as celebrating other small businesses. 

Paige Spencer, planning manager at Goodstuff who has worked closely on this campaign with Metro Bank said: “The pandemic has been a breeding ground for start-ups, as people have used this time to re-evaluate their priorities and ambitions. Metro Bank understands that business-people need people-people to help support them along this journey. The Business Account Online (BAO) campaign celebrates the success of three businesses, who have worked closely with the LBMs to make their dreams a reality. The multi-channel campaign marks Metro Bank’s first venture into business banking, helping the nation get from start up, to up and running.” 

The campaign launches on the 1st of June.

Источник: https://www.lbbonline.com/news/metro-bank-gives-its-customers-their-very-own-advertising-campaigns

Metro Bank rolls out new invoicing technology for business customers

By Megha Bhattacharya

metro bankMetro Bank has announced the launch of new invoicing technology for business customers using its mobile application. The Bank stated that the new feature allows its customers to create, track and manage branded invoices directly from their Metro Bank accounts.

David Thomasson, Chief Commercial Officer at Metro Bank, commented, “This latest initiative is another string to our bow when it comes to serving the UK’s businesses, after what has been a strange and difficult year for us all. Metro bank business across the country are crying out for convenient, easy-to-use banking tools that free up precious time to run and grow their businesses. We’re doing our bit to make their lives a little more hassle-free.”

According to Metro Bank, customers can create invoices on the go via the mobile app, accessing lists of their previously saved clients as well as products and services they provide. They will then be able to manage their cash flows more effectively, with the app showing the payment status of each invoice and automatically reconciling their invoices with payments that come into their accounts. The service is free of charge to all Metro Bank Business Bank Account customers.

Recently, Secure printed and electronic payment solutions provider, Checkprint signed a contract renewal with Metro Bank for cheque services. The renewed contract is expected to enable the Bank to continue to instantly issue chequebooks to all new account holders, within minutes of them entering the store.

Metro Bank also announced that it has launched a new Business Account Online (BAO) journey for SME customers. The new development is expected to enable new customers to open a business account on their mobile or online coupled with identification, verification checks, and approval.

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Источник: https://ibsintelligence.com/ibsi-news/metro-bank-rolls-out-new-invoicing-technology-for-business-customers/

Innovation in business: Metro Bank’s founder speaks out

At this month's Startup Grind London, Vernon Hill II, founder and chairman of Metro bank, shared his journey and the business wisdom that allowed him to build two banks and build his assets to £1.2 billion.

The technological explosion has meant that innovative ideas, tools, and techniques have dominated the conversation for nearly a decade. Corporations are constantly looking for ways to "innovate," but in reality all they want is for staff to do what they do but better. To become an innovative company it takes more than just telling employees to "innovate": In Vernon Hill's talk at Startup Grind he explains how to build a truly innovative, and innovating, enterprise.

"British banking tech is one step above a quill"

One of the qualities that Vernon attributed to Metro Bank's success is the IT system that is the bank's backbone. The IT metro bank business gives the corporation the edge over other financial institutions due to "British banking tech" being "one step above a quill," according to Vernon. A state-of-the-art IT system gives Metro Bank the ability to quickly analyse inefficient areas of the business and then speed up or automate them.

However not all businesses have the revenue or the resources to overhaul their IT systems, but there are still a number of innovations that businesses can implement to improve processes and the overall running of the enterprise. For example, asking questions like - What systems are in place that are out-dated or no longer useful? How can we cut down on bureaucracy? Can areas of the business be outsourced? - can identify process bottle-necks, time sinks, and ways to improve the business.

That being said, legacy technology such as; outdated computer systems, poor internet connection, or a convoluted IT infrastructure can be the cause of massive inefficiencies. The aforementioned technological explosion has also lead to many processes being automated as entrepreneurs identify ways to innovate and develop efficiency tools. For example, one tool available allows you to take a photo of a business card and then automatically adds that information to a CRM system and your email contacts.

It's also vital that you help your "legacy staff" use modern tools through training and support. A friend of mine recounted working as an office gopher for an MNC. Part of his role was to print out emails to send to all the staff because some employees didn't check their email because they didn't understand how to utilise the system properly. Through proper training and helping employees understand new or modern systems you can dramatically increase your businesses efficiency.

Dogmatic processes need to be identified in your business and re-evaluated. It's not good enough to do things because "that's how it's always been done". Look for things like unnecessary meetings that take a lot of man hours but don't directly affect the amount of revenue coming in. Meetings with no agenda, for example, or meetings with prospective partners that don't operate within your core business are often a waste of time.

You don't need to be Google to innovate; Vernon told us "We can't learn from the west coast, the capital over there is on another level." However he also said that "innovation always comes from outside". Bear in mind we're not suggesting you call in expensive consultants to help your business, what we are suggesting is that to innovate you must think outside your normal parameters. Being innovative is about being creative, and like most things, creativity is a learnable skill.

Creativity doesn't come naturally to everyone, so to develop that skill, try changing your normal problem-solving processes:

  • Try different problem solving methodologies (Wikipedia has a list to get you started) )
  • Question your perspective by asking questions such as "How would I view this as a [another company role]?" or "For what reason do I think this?"
  • Try brainstorming with the caveat that the business has unlimited resources

It is also worth opening the discussion to the rest of the business; if the cliché "two heads are better than one" stands true, what about 10 or 50 heads? Fluid communication with all aspects of the business is a technique used by most of the "innovative" enterprises you read about in the news.

Similarly, having an informal meeting outside of the office can also lead to innovative breakthroughs. Next time you have a problem that needs to be solved try taking a small team to a café or pub to discuss the issue. A different environment and informal setting makes 1st financial fcu less afraid of failure and encourages a less "office-y" mind-set. Make sure that if you shoot someone's idea down you either look for a way to improve that idea or come up with one yourself, otherwise you discourage creativity metro bank business the free-flow of ideas.

"If you have the right idea and right drive you'll have an easier time against institutions"

Innovation doesn't have to be ground-breaking to make a difference. Often the most successful businesses simply do something slightly cheaper, faster, or better than their competitors. This boils down to having enough market knowledge to know which innovations would maximise your businesses advantage.

Complete a SWOT (strengths, weaknesses, opportunities, threats) analysis of your competitors' products or services and innovate to solve any of their weaknesses. Similarly you could arrange a meeting with your current clients to discuss future trends, features that they'd like implemented in your product, and areas they'd like your business to improve in (such as customer feedback, response times, overall engagement, and so on) .

Another way to innovate your industry is to take lessons from other industries and sectors. For example Vernon took lessons from the retail sector and applied them to banking to create a unique and innovative bank. Similarly you could incorporate Pixar's "going from suck to non-suck" philosophy and translate the lessons they learned from making films to product development.

"Put your head down and get to work"

Different business models, philosophies, and business structures work for different businesses; there is no set way to successfully innovate. By exploring the new technology, trying out different problem solving techniques, and culling inefficient processes you can innovate your business and get ahead of your competitors. Bear in mind that you can talk about "innovation" until you're blue in the face, but unless you "put your head down and get to work" (as Vernon would say) testing, and trying out new innovations you'll keep spinning your wheels.

In part one of the series Vernon Hill shares how to create a powerful business model in just a single sentence, and in part three he discusses Apple's secret to success and explains how he used it to create a bank.

Источник: https://www.itproportal.com/2014/10/06/innovation-business-metro-banks-founder-speaks-out/

Metro Bank blunder sparked business cash exodus

Metro Bank has revealed damage to profits, deposits and its capital buffers in the wake of a major accounting error.

The challenger bank reported its first quarter figures after the markets closed on Wednesday - two months after it announced a need to raise £350m in fresh capital from shareholders as a result of the blunder, first divulged in January.

Then, Metro shares fell by 40% - erasing £800m from its market value - when it said the risk weighting on a large book of loans had been misclassified.

They were down 16% at the conclusion of Thursday's trading session.

It needs the fresh cash injection to meet rules governing the holding of riskier loans.

:: Metro Bank's £350m bombshell shows new system is working

The results showed that deposits fell by almost 4% in the first quarter - led by a number of major business customers.

Profit before tax fell to £4.3m, down from £8.6m a year ago.

Its core capital ratio, a key measure of financial strength, fell by a full percentage point in the three months to 12.1% - just above the level it targets as its minimum.

Metro said it was not immune to wider issues in the banking sector, namely stiff competition in the mortgage market and a sharp slowdown in corporate loans linked to uncertainty over Brexit.

The bank, which has almost 70 branches and is targeting growth in its network as the major lenders cut their exposure to high streets, did however see an acceleration in customer numbers.

It added 97,000 new accounts - taking the total to 1.7 million.

Chief executive Craig Donaldson said: "We are proud to have built a customer-centric business over the past nine years but this quarter has been challenging.

"Adverse sentiment following January's update impacted deposit growth in the quarter, with a small number of large commercial and partnership customers making withdrawals, but we are pleased to see a return to net inflows in April."

Источник: https://news.sky.com/story/metro-bank-blunder-sparked-business-cash-exodus-11708868

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