Spotlight on: Metrobank’s legal team, guardians of compliance and excellence 

Metrobank’s Legal and Remedial Services Group (LRSG) has evolved naturally, over the past years, into a cohesive team united by a strong client-oriented work ethic.  Our team plays a critical role in ensuring Metrobank’s smooth operation and compliance with legal and regulatory requirements. 

One of the foremost accomplishments of our in-house legal team is in contract management and negotiation. Almost all bilateral contracts, including loan transactions, of Metrobank are handled internally. For 2023, our team handled the US$750mn loan facility inked with the world’s largest independent terminal operator without the assistance of an external counsel.  This transaction represents the largest credit facility extended by Metrobank in its history and the biggest financing secured by its borrower. We have likewise internally handled the loan negotiation and contract drafting for a Php15 Billion credit facility extended to one of the country’s premiere real estate developers and its subsidiaries, as well as a total of about Php22nn in credit facilities to a manufacturing and retail conglomerate. These are but a few of the considerable loan transactions handled in-house for Metrobank. 

The team has likewise been instrumental in drafting, reviewing, and negotiating the Bank’s contracts with its vendors, clients, and other third parties. The team’s meticulous attention to detail and thorough understanding of contractual terms have ensured that the Bank enters into agreements that are legally sound and beneficial. This has helped in mitigating risks associated with contractual obligations and avoiding potential disputes. 

The LRSG has also excelled in managing litigation and dispute resolution. By efficiently handling lawsuits and legal disputes, it has minimised Metrobank’s exposure to legal risks and financial liabilities. The team’s proactive approach in negotiating settlements and mediating conflicts has resulted in favourable outcomes for the Bank. This capability not only saves the Bank substantial amounts in potential damages and legal fees but also safeguards its reputation. 

Likewise, we have been a cornerstone in upholding robust corporate governance practices within the Bank. We provide ongoing support to Metrobank’s board of directors and senior management, ensuring that corporate decisions are made in compliance with legal and regulatory standards. The team’s efforts in drafting and implementing policies and procedures have strengthened Metrobank’s governance framework, promoting transparency, accountability, and ethical conduct.