Metrobank appointed MECO scholarship trustee

April 18, 2010 11:38 am 

MANILA, April 18 – Metropolitan Bank & Trust Company (Metrobank) was recently appointed trustee of the scholarship fund of the Manila Economic and Cultural Office (MECO), the Philippines’ representative office in Taiwan.

MECO is a non-profit and non-stock private corporation established in 1975 under Philippine law.

It promotes trade, investments, tourism, labor, scientific and cultural cooperation with Taiwan. It provides visas, legal and consular services, as well as assists Filipinos based in Taiwan.

MECO also coordinates with the Philippine government agencies and the private sector.

The scholarship fund is intended for high school students with an aptitude for science.

The screening and awarding of the scholarship grants to deserving individuals will be conducted by MECO in partnership with the Department of Science and Technology (DOST).

“We are glad to have been made the trusted partner by MECO in the management of its scholarship fund,” Metrobank executive vice president and head of trust banking group Josefina E. Sulit said.

“With our proven track record in managing assets, we ensure that the MECO scholarship fund is not only well-protected, but well-managed to bring about the highest returns at the lowest risk,” she added.

Metrobank has been accorded several citations for its expertise in asset management.

It has consistently ranked the best in the Watson Wyatt survey on investment performance (SIP) in the Philippines for five consecutive years.

Among its more recent awards include the Gold Trusted Brand Award under the Investment Fund Company category by The Reader’s Digest.

Metrobank is the country’s premier universal bank. The bank has an extensive consolidated network that spans over 1,200 automated teller machines (ATMs) nationwide, 732 local branches, and 35 foreign branches, subsidiaries and representative offices. (PNA)

LDV/PFN

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