As the Philippines becomes an attractive foreign direct investment destination, the country is readying for high-value-added manufacturing. Metrobank president Fabian Dee says the bank intends to support this direction while sticking to its core DNA, which is growing the business of the middle market, the entrepreneurs.
January 21, 2016 | Cherry Lynn T. ZafarallaIn the Philippines, there is a popular negotiation among buyers and sellers called “tingi’, which is the opposite of bulk sales. Think shampoos and condiments in sachets rather than liter bottles; think per-piece rather than by the dozen. Remarkably, for a seller, these little items taken all together make up a formidable mass. And that is the story of Metrobank, which counts small and medium-sized business as its main customers, who have delivered for the bank the award of Strongest Bank by Balance Sheet for 2014—strongest in the Philippines and among the top 10 strongest in the region comprised mostly of Chinese banks.
Metrobank president Fabian Dee sat down with the Asian Banker’s Managing Editor after winning the award, and shared his visions for the bank in an economy that is the second-best performer in the region after China.
Foo Boon Ping, The Asian Banker (TAB): What is your view of the world economy and Metrobank’s position in the current economic landscape?
Fabian Dee (FD): The outlook for the world economy remains modest given downside risks. European governments are doing their own quantitative easing and Japan will most likely follow with the recession it is experiencing, as well as China. With technological advancement, productivity has improved and capacity is being built. There’s oversupply now as factories and capacity have increased substantially to provide for the world's growing appetite especially in the past five years. It will take a while for the rest of the world to basically start growing again to absorb all this excess capacity.
The strengthening United States (US) economy and its direction in terms of rates could help change the equilibrium, as the US interest rate hike will make the dollar even stronger and give competitive advantage back to the rest of the world in terms of exporting to the US. It's good that the US is showing a stronger eco...
Categories:
Core Banking, Markets & Exchanges, Philippines, Retail Banking, Transaction BankingKeywords:Metrobank, Philippines, Risk, Fraud, Regulations, SME, FDI, Capital, ASEAN Banking Integration, Core Banking, ANZ, AXA,
As the Philippines becomes an attractive foreign direct investment destination, the country is readying for high-value-added manufacturing. Metrobank president Fabian Dee says the bank intends to support this direction while sticking to its core DNA, which is growing the business of the middle market, the entrepreneurs.
January 21, 2016 | Cherry Lynn T. ZafarallaIn the Philippines, there is a popular negotiation among buyers and sellers called “tingi’, which is the opposite of bulk sales. Think shampoos and condiments in sachets rather than liter bottles; think per-piece rather than by the dozen. Remarkably, for a seller, these little items taken all together make up a formidable mass. And that is the story of Metrobank, which counts small and medium-sized business as its main customers, who have delivered for the bank the award of Strongest Bank by Balance Sheet for 2014—strongest in the Philippines and among the top 10 strongest in the region comprised mostly of Chinese banks.
Metrobank president Fabian Dee sat down with the Asian Banker’s Managing Editor after winning the award, and shared his visions for the bank in an economy that is the second-best performer in the region after China.
Foo Boon Ping, The Asian Banker (TAB): What is your view of the world economy and Metrobank’s position in the current economic landscape?
Fabian Dee (FD): The outlook for the world economy remains modest given downside risks. European governments are doing their own quantitative easing and Japan will most likely follow with the recession it is experiencing, as well as China. With technological advancement, productivity has improved and capacity is being built. There’s oversupply now as factories and capacity have increased substantially to provide for the world's growing appetite especially in the past five years. It will take a while for the rest of the world to basically start growing again to absorb all this excess capacity.
The strengthening United States (US) economy and its direction in terms of rates could help change the equilibrium, as the US interest rate hike will make the dollar even stronger and give competitive advantage back to the rest of the world in terms of exporting to the US. It's good that the US is showing a stronger eco...
Categories:
Core Banking, Markets & Exchanges, Philippines, Retail Banking, Transaction BankingKeywords:Metrobank, Philippines, Risk, Fraud, Regulations, SME, FDI, Capital, ASEAN Banking Integration, Core Banking, ANZ, AXA,
