PALUSTRE, Louielyn P.

December 17, 2018

BSA 1-01 Sir Ricardo Carpon

George Ty: A Business Leader with a Heart

A young man sits patiently in an outer office of the Central Bank of the Philippines, waiting
to see the governor. He has been coming almost every week for the last five years or so. What does
he want? To get permission to put up a bank. With no experience whatsoever in banking, his
determination and perseverance are surprising. You may ask, why? This was the exact question
posed by the governor back then, Andres Castillo. The young man’s answer: “I want to help people
start businesses. I want to give money.” That young man was George S.K. Ty. In 1961, he finally
got his license and founded Metropolitan Bank and Trust Company. Thirty-two years later,
Metrobank was recognized as the biggest bank in the country. In 2016, Metrobank was considered
the Strongest Bank in the Philippines by The Asian Banker.

For George Ty, business is not just about reaching the pinnacle of success. It is about
helping other people achieve their dreams.

But one proud accomplishment of George S.K. Ty, which even his peers and competitors
admire, was how he and his wife Mary successfully raised and trained good, obedient children.
Dr. Ty once said, “I educate my children. I’m a very strict father. I told my children, ‘You have to
start to be able to support yourselves first, and then you go up. Don’t depend on your parents.’ So
in my opinion, if you don’t go through those hardships the money will not stay with you.

Personally, I think not everything in life is going to be a success. There will always be
disappointments, but I think sometimes these disappointments are good for us. Because they make
us work harder.