The country's largest bank in terms of assets, Metropolitan Bank and Trust Company, has been down since yesterday due to system problem. I can't exactly say what is the cause of the problem out of courtesy to my well-placed contacts inside the bank.
I was informed of this yesterday and up to now all their ATMs are off-line right smack on a coming payday. An update just came out that issuer transactions will be up today.
This problem involves Metrobank subsidiary, PSBank.
Just imagine the huge loss in transactions for on-us/proprietary, switched/interbank and credit card cash advances. But the biggest loss possibly in on their own customer confidence in them.
Metrobank Bank Code = 010269996