Active Development AidData Chinese Aid

China Development Bank and Metrobank sign RMB 2 billion loan facility framework agreement

¥2M RMB

Funder	China Development Bank (CDB)
Recipient Organization	Metropolitan Bank & Trust Company (Metrobank)
Country	Philippines
Start Date	May 11, 2017
End Date	May 24, 2026
Duration	3,300 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64751`

Grant Description

China Development Bank and Metrobank sign RMB 2 billion loan facility framework agreement On May 11, 2017, the President of Metropolitan Bank and Trust Company (Metrobank), Fabian S. Dee, and the Vice Governor of China Development Bank, Mr. Zhou Yuqing, signed a Strategic Cooperation Framework Agreement.

Under this agreement, CDB agreed in principle to make a RMB 2 billion loan facility available to Metrobank in order to support construction and infrastructure projects in the Philippines. It is unclear if any specific/individual loans were approved through this framework agreement.

📋 Staff Comments

The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the second largest (private) 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.

📚 Sources & References

Assistance of Metrobank Group to “Belt and Road” Strategy of the Chinese Government in Philippines
List of Deliverables of the Belt and Road Forum for International Cooperation
China Development Bank Partners with Metrobank
Metrobank Annual Report 2017 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Metropolitan Bank & Trust Company (Metrobank)

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