Metrobank recipient of The Banker’s Financial Inclusion Award-A A +A
Wednesday, December 18, 2013
Metrobank Foundation president Aniceto M. Sobrepeña (1st from left) presents the trophy and certificate of the Financial Inclusion Award from The Banker magazine to Metrobank Group Chairman Dr. George S.K. Ty (3rd from left), Metrobank Chairman Arthur V. Ty (2nd from left), and Metrobank President Fabian S. Dee (4th from left). (Contributed photo)
THE Metropolitan Bank & Trust Company, through its corporate social responsibility arm, the Metrobank Foundation Inc., was awarded the Financial Inclusion Award by The Banker.
The Banker is the world's premier banking and finance resource monthly magazine based in United Kingdom read in over 180 countries. The award was given to Metrobank during the 2013 Bank of the Year Awards held last November 28 at the Intercontinental Park Lane Hotel in London.
The Financial Inclusion Award, given by an international financial affairs publication owned by The Financial Times Ltd., pays tribute to the cream of the crop of global banking.
As the lone global Financial Inclusion awardee, Metrobank was distinguished for its support to the Back-to-Back Financial Education and Microfinance for Overseas Filipino Workers (OFW) in Singapore and their families in the Philippines.
In partnership with Alalay Sa Kaunlaran Inc. (ASKI) Philippines, one of the country's largest microfinance institutions and its subsidiary, ASKI Global Limited, the program provides training on financial education and basic entrepreneurship to OFWs in Singapore and their respective family members in the Philippines to help create financial stability.
"We are honored to be this year's recipient of The Banker's Financial Inclusion Award. Beyond the prestige, for us, it is an affirmation of the work that we're doing for the low-income OFW sector and their families. Receiving this award extends to the future of the children of these OFWs because it brings opportunity of income sustainability through the microfinance funds made available for the establishment or expansion of micro enterprises; it gives added hope that the OFWs and their families would have to help each other improve their lives together in their own homes, without having the OFW family member leave the country to earn a living. The award will keep inspiring the economic growth in the localities of these OFW families, because as businesses are established, doors of employment are opened," said Metrobank Foundation President Aniceto M. Sobrepeña.
"The prestigious award did not just recognize Metrobank and the Metrobank Foundation, but the hundreds of thousands of Filipino workers in Singapore, and the millions of them in world, and their families back home," he added.
During Metrobank's 50th anniversary celebration last year, the Bank heightened its support to the OFW Program of ASKI by extending P12 million grant to the program from a previous grant worth 250,000 pesos in 2011.
Dubbed as the MetroGold Financial Education Program and for Migrant Workers and MetroGold for Migrant Workers, P2 million and P10 million were allocated for these two programs, respectively.
The Banker's Financial Inclusion Award was received on behalf by Metrobank Region Head for Europe, Walter Lim, from The Banker Editor Brian Caplen and BBC journalist Michael Duncan Buerk.
To date, The Banker's Financial Inclusion Award is the third international award won for Metrobank by the Metrobank Foundation.
Metrobank bagged the Asian Banking Award for Social Responsibility by the Asian Bankers Association & the Association of Development Financing Institutions in Asia and the Pacific and the Best Corporate Social Responsibility Program by the Asian Banking and Finance Magazine in 1999 and 2007, respectively. (PR)