Thursday 18 July
Jul 10, 2018 @ 10:09

Metrobank shares hurting amid new scam fears


Shares have plunged over the past trading days until the bank denied any new controversy.

Share prices of the Metropolitan Bank & Trust Company (Metrobank) have tanked by seven percent early July amid some market speculation over a new scam involving bilyonaryo George Ty’s bank.

Metrobank has set the record straight to deny another loan fraud, which follows the P1.75-billion scheme orchestrated by its bank vice president Maria Victoria Lopez unearthed in July 2017.

“In response to PSE’s request for clarification, we confirm that there is no new loan scam as referenced in the Biz Buzz article dated July 9, 2018,”Metrobank said in a disclosure.

Will this normalize trading for the bank’s stocks? Stay tuned.

Please follow and like us:

Tags: , , , ,

Related Stories
The listed banks agreed to come out with assurances that they can weather losses from
This bank is taking advantage of good yields and strong demand.
Representatives of the Bangko Sentral ng Pilipinas (BSP) and 14 banks are set to sign


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.