Metropolitan Bank & Trust Co. said its chairman Arthur Ty has purchased an additional 53,390 shares in the bank.
In a stock exchange filing, Metrobank said Ty bought the shares at a price ranging from P66.05 to P67 each from Oct. 18 to 22.
The stock closed 1.23 percent lower at P64.50 Friday.
Arthur is the eldest son of taipan George S.K. Ty, who has investments in automotive assembly and dealership, property development, infrastructure, financial services, and utilities.