Disclosed herein is a multilayered circuit board, including: a metal base layer including a metal layer formed through-holes, an insulating film formed on a surface of the metal layer, a first circuit layer having circuit patterns formed on one side of the metal layer and a second circuit layer having protruding connecting pads, formed on the other side of the metal layer; a build-up layer formed on the first circuit layer; and a solder resist layer. The multilayered printed circuit board is advantageous in that the thickness thereof is decreased and the bending strength and radiation characteristics thereof are improved.