January 17, 2018 / 4:05 AM / 6 months ago

BRIEF-Metropolitan Bank And Trust Receives Board Approval To Conduct A Stock Rights Offer

Jan 17 (Reuters) - Metropolitan Bank And Trust Co:

* METROPOLITAN BANK AND TRUST -RECEIVED BOARD APPROVAL TO CONDUCT A STOCK RIGHTS OFFER BY WAY OF ISSUANCE OF UP TO A MAXIMUM OF 819.8 MILLION COMMON SHARES

* METROPOLITAN BANK AND TRUST -A PORTION OF PROCEEDS WILL BE USED FOR THE ACQUISITION OF THE REMAINING 20% EQUITY STAKE IN METROBANK CARD CORPORATION Source text for Eikon: Further company coverage:

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