Saturday, 26 May 2007

Metrobank expands global remittance links with Riyadh Bank tie-up


The Philippine Star

Metropolitan Bank and Trust Co. (Metrobank) has expanded its global remittance links for overseas Filipino workers (OFWs) as it entered into an alliance with Riyadh Bank, one of the top five commercial banks in Saudi Arabia.

Metrobank executive vice president Carmelita R. Araneta said the partnership, which started as a correspondent relationship, is now more focused on serving the remittance requirements of Filipinos in Saudi Arabia.

"With a stronger partnership established with Riyadh Bank, we now aim to strengthen our presence in the kingdom where a significant number of OFWs are stationed," Araneta said. "This agreement with Riyadh Bank will also further increase our market share in the Middle East." [Read more]

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