Manila, June 6, 2012 - (ACN Newswire) - For the second straight year, First Metro Investment Corporation is one of the top scorers in the 2011 Corporate Governance Scorecard of the Institute of Directors (ICD), receiving its first Gold Award following its Silver Award in 2010.

First Metro continuously strives to adhere to the highest principles of corporate governance, where it is rooted in the ethical and faithful compliance with the principles of fairness, accountability, and transparency. It leveled with ICD's improved standards based on rights of shareholders, disclosure and transparency, and board responsibility.

The investment bank rated between 95-100% in Corporate Governance (CG) Scorecard.

ICD is a non-profit organization working to improve the country's practices of CG, raising the bar to a more global benchmark.

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.

Source: First Metro Investment Corporation

Contact:

Anna Marie Tuprio
Corporate Planning & Affairs Department 
Tel: +63-2-858-7951                         
E-mail: marie.tuprio@firstmetro.com.ph

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