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It is with deep sadness that we announce the peaceful passing of our beloved Founder and Group Chairman Dr. George S.K. Ty.

He was surrounded by family and loved ones at the time. He was 86 years old.

Dr. George S.K. Ty established Metrobank in 1962, he grew the Bank and expanded its reach internationally. He went beyond banking and transformed the Bank to a diverse business conglomerate with successful joint ventures like that of the Toyota Motor Corporation, AXA insurance, Orix Metro Leasing, to name a few. The GT Capital/Metrobank Group counts as its members 18 domestic subsidiaries, partners, and affiliates in various industries and 32 foreign branches, subsidiaries and representative offices.

Dr. Ty has been de facto Chairman Emeritus as early as 2008 as his sons Arthur and Alfred headed the many companies in the Group in his stead. Dr. Ty was recognized not only for his exemplary achievements in business but also for his generous philanthropy through the Metrobank Foundation. His commitment to contribute to the Philippines' economic prosperity as well as to nation-building will continue to be lived by the Group.

"It has been my life's greatest honor to work alongside you towards achieving success for generation after generation. Thank you very much from the bottom of my heart."

  • Profile

    Dr. George S.K. Ty had been the Chairman Emeritus of GT Capital until his passing in November 2018. He served as GT Capital’s Chairman of the Board since its inception in July 2007 until July 11, 2012. Dr. Ty was also the founder of Metropolitan Bank & Trust Company (MBT), a listed company, and served as its Chairman from 1975 until 2006 when he became Group Chairman of the Metrobank Group of Companies. Dr. Ty graduated from the University of Santo Tomas and received his Doctorate in Humanities, Honoris Causa from the same university. Prior to his passing, he was concurrently the Chairman of the Board of Trustees of the Metrobank Foundation, Inc. (MBFI) and of the Board of Directors of Toyota Motor Philippines Corporation (TMP).

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