The first foreign bank of Quanzhou – Metrobank (China) Quanzhou Branch, held its opening ceremony in Quanzhou Wanda Vista Hotel. In the ceremony, Metrobank donated RMB 1 million to Quanzhou to support the economic and social development of Quanzhou.

Leaders and managers are cutting the ribbons for the opening of Metrobank (China) Quanzhou Branch

Dr. George S. K. Ty (right), the founder and group chairman of Metropolitan Bank group donated RMB 1 million to Quanzhou Government

Metrobank (China) was founded in Jiang Su province in April 2010, and it is the first WOFE bank in Jiangsu province. Its shareholder, Metropolitan Bank is one of the largest banking groups in Southeast Asia. Metrobank (China) Quanzhou Branch is a level one branch under the head office, and its foundation ended the history that there are no new foreign banks entered Fujian Province for the last ten years.

The private economy of Quanzhou is active, in which the total output of private industrial enterprises took 93.4% of the total industrial output, and the number of private enterprise took 98% of the total number of Quanzhou enterprises, mostly are SMEs and the developing trend is good, with a thrive demands for funds. According to relevant information, the target customers of Metrobank (China)Co., Ltd. is SMEs with annual income of RMB 30 million to RMB 200 million, by providing credit granting products from RMB 5 million to RMB 10 million, meeting with the financing requirements of SMEs.

Since the official opening in September 20, 2012, Metrobank (China) Quanzhou branch has been supporting the “financing reform” and “second venture” of Quanzhou, providing credit financing supports to SMEs, which takes 90.56% of the comprehensive credit and 100% of customers foreign exchange settlement, foreign currency settlement etc, providing tailor-made financial solving plans, helping SMEs to solve the urgent funds usage and partial enterprise credit granting plan will be approved within 3 working days; The financial credit granting greatly supported the development of real economy of Quanzhou, 100% are invested to production type (61.7%), trading type (35.6%) and service-oriented enterprises (2.7%), and insist the excellent service concept of door-to-door service, which has a good opening in Quanzhou market. Metrobank (China) Quanzhou branch also use the advantage of international network, providing international financial services and products to enterprises in Quanzhou or out of Quanzhou, promoting the scaled development of the hometown of foreign Chinese.

Dr. George S.K. Ty, the founder and group chairman of Metropolitan Bank Group and famous patriotic overseas Chinese, is from Quanzhou, Fujian. Dr. George S.K. Ty said that the opening of the first branch in Quanzhou cannot do without the supports of Quanzhou government. As a patriotic overseas Chinese, although Dr. George S.K. Ty is not in China, he has always been caring about his motherland and hometown, and has been committing in promoting the development of Metrobank in China, hoping that the opening of Metrobank(China) Quanzhou branch will bring his hard working and rich management experience back to repay his motherland and hometown.

Ms. Lin Guixian, President of Metrobank (China) said that for the next step, Quanzhou branch will try to use its advantages in financial industry, enhancing the investment strength in Quanzhou, open more branches and sub-branches in Quanzhou, gradually expand businesses in economic trust industry, providing more convenient economic products and services for colleagues and overseas friends, contribute to the construction of Quanzhou “financial reform zone”, try to achieve triple win of Quanzhou, Metrobank (China) and overseas Chinese business man.

（Abstracted from www.fjsen.com）