Summary: When China held Belt and Road Forum for International Cooperation, Metrobank Group Listed by Chinese Government as the Major Bank Administering the "Belt and Road" Initiative in Philippines, and Agreements Signed with Chinese Policy Banks acknowledged as Deliverables of the Belt and Road Forum for International Cooperation

Mr. Fabian S. Dee, the President of Metropolitan Bank and Trust Company (Metrobank Group) met with Mr. Zhou Yuqing, the Vice Governor of China Development Bank, on May 11, 2017. President Mr. Fabian S. Dee said the Philippines' economy is vigorously developing and there’s huge deficit in the infrastructure financing, and we hope both parties will strengthen cooperation in areas of infrastructure, including metro and public transportation and enhance people's overall level of wellbeing. Vice Governor Mr. Zhou Yuqing recommended that both parties push forward the RMB internationalization to help business development of Chinese enterprises in the Philippines and jointly develop the Philippine infrastructure and boost the Sino-Philippine economic and trade cooperation. After the meeting, President Mr. Fabian S. Dee and Vice Governor Mr. Zhou Yuqing signed the Strategic Cooperation Framework Agreement. The Strategic Cooperation Framework Agreement specifies that both banks will implement comprehensive cooperation in areas of infrastructure projects in Philippine, syndicated loans, correspondent bank relationship, guarantee, advisory, consultation, and etc. Both banks then signed a 2 billion yuan loan agreement, which is the first loan cooperation between the two countries since the detente of Sino-Philippine bilateral relationship.

Metrobank Group and China Development Bank signed the Strategic Cooperation Framework Agreement

Mr. Fabian S. Dee, the President of Metropolitan Bank and Trust Company (Metrobank Group) met with Mr. Liu Liange, the President of the Export-Import Bank of China and signed the Strategic Cooperation Framework Agreement regarding Lines of Credit on May 12, 2017. It is the first time ever the Export-Import Bank of China established a comprehensive strategic partnership with a Philippine commercial bank and granted Metrobank the highest ever amount of credit line (USD 900 MM) to a commercial bank in ASEAN, to boost the cooperation between Chinese and Philippine enterprises on product export, natural resources and energy development, project contracting, and other areas.

Metrobank Group and the Export-Import Bank of China signed the Strategic Cooperation Framework Agreement regarding Lines of Credit

The above three agreements signed by Metrobank Group with China Development Bank and the Export-Import Bank of China, acknowledged as results of material financial cooperation between China and Philippines, had been included in the List of Deliverables of the Belt and Road Forum for International Cooperation and had been issued by the Chinese Government to the world, which greatly boosts the influence and recognition of Metrobank Group in the world arena. Metrobank Group will, as an important bank administering the "Belt and Road" economic diplomatic strategy of the Chinese Government, under the strategic framework established with the China Development Bank and the Export-Import Bank of China, promote cooperation between the two countries on export trade, project contracting, investment, and other areas. In addition, utilizing the advantages of its wholly-owned subsidiary in China Metropolitan Bank (China) Ltd. Metrobank Group will better provide comprehensive services to the Chinese enterprises to develop business in Philippines under the Framework of Strategic Cooperation Agreements signed by Metrobank Group with China's policy banks.