|First Metro Investment Corporation Annual Stockholders Meeting
First Metro Investment Corporation (ACN Newswire)
2012-05-15 Manila, May 15, 2012 - ( ACN Newswire ) - First Metro Investment Corporation recently held its 2012 Annual Stockholders Meeting dubbed "Delivering Results in Every Direction", at the Metrobank Plaza, Makati City.
First Metro reported a net income of P2.2 billion at the end of 2011, 28.8% higher than the 2010 results.
The company also reported its many firsts for 2011, such as; the first and only quasi investment bank to issue its corporate bonds covered by government securities and the first investment bank to list its own corporate bonds on the Philippine Dealing and Exchange Corp. (PDEx); organized the first-ever Philippine Investment Summit for Global Fund Managers 2011 to showcase the attractiveness of the Philippine capital markets; lead-managed the largest-ever debt exchange program for the Bureau of the Treasury; opened First Metro Investors Center in Manila and Cebu City, among others.
The company also elected Metrobank chairman Arthur Ty as vice chairman, and Abelardo Cortez and Manuel Ayala as new members / independent directors of the Board.
About First Metro Investment Corporation
Founded in 1972, First Metro Investment Corporation is the investment banking arm of Metropolitan Bank and Trust Co. (Metrobank) - the Philippines' largest financial conglomerate. With over 100 employees, First Metro provides investment banking services through its four strategic business units: Investment Banking, Treasury, Investment Advisory and Corporate Lending and the Regional Business Development Desk. First Metro holds the distinction of being the sole publicly listed investment house among the member institutions of the Investment House Association of the Philippines (IHAP) and has been ranked among the Top 11 Philippine Companies and among the Best ASEAN 100 Companies based on Relative Wealth Added Index by NY-Based management consulting firm, Stern Stewart & Co. In 2009, First Metro was awarded the Best Bond House in the Philippines by Finance Asia. In the last two years, it was also awarded the Best Bond House by The Asset Magazine of Hong Kong. For more information on First Metro, visit www.firstmetro.com.ph.
Anna Marie Tuprio
Corporate Planning & Affairs Department
Investor Relations Global
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