SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Mar 10, 2015

2. SEC Identification Number

20573

3. BIR Tax Identification No.

000-477-863-000

4. Exact name of issuer as specified in its charter

Metropolitan Bank & Trust Company

5. Province, country or other jurisdiction of incorporation

Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Metrobank Plaza, Sen. Gil Puyat Ave., Urdaneta Village, Makati City Postal Code 1200

8. Issuer's telephone number, including area code

02-898-8000

9. Former name or former address, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common shares	2,744,801,066

11. Indicate the item numbers reported herein

1

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Metropolitan Bank & Trust CompanyMBT

PSE Disclosure Form 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Board approval to conduct a stock rights offer (SRO)
Background/Description of the Disclosure
On Jan 21, 2015, Metropolitan Bank & Trust Company (“Metrobank” or the “Bank”) received Board approval to conduct a Stock Rights Offer (“SRO”) that is expected to increase its common equity tier 1 (“CET1”) by up to P32 billion. Following receipt of regulatory approvals, further details on the terms and timing of the stock rights offer are indicated in this disclosure.

Date of Approval by Board of Directors	Jan 21, 2015
Entitlement Ratio	1 right per 6.3045 common shares held as of record date
Offer Price	73.50
Number of Shares to be Offered	435,371,720
Ex-Rights Date	Mar 13, 2015
Record Date	Mar 18, 2015
Start of Offer Period	Mar 23, 2015
End of Offer Period	Mar 27, 2015

Use of Proceeds
No change from previous disclosure on Jan 22, 2015
Other Relevant Information
Following receipt of regulatory approvals, disclosure has been amended to reflect terms and timeline of the stock rights offer. See attached termsheet for further details.