The Bangko Sentral ng Pilipinas (BSP) imposed sanctions on Metropolitan Bank and Trust Co. (MBTC) in connection with the P1.75 billion fraud perpetrated by one of its officers.

The BSP said the sanctions approved by its policy-making body “ranged from reprimand to suspension of directors and officers who failed to perform adequate oversight and/or have been complacent/remiss of their duties and responsibilities.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details