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 into a diverse business conglomerate with successful joint ventures such as Toyota Motor Philippines, AXA Philippines, and 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.