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The construction of the building then dubbed as the "Federal Land Tower" was scheduled to commence within 2009. [12] The project would be formally unveiled by Federal Land in March 2011 [10] with the groundbreaking ceremony taking place on March 24, 2011. [13] Initially it was projected to be completed in 2014. [14]
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09: 3 Metropolitan Bank and Trust Company (Metrobank)
The G.T. Tower International was developed by Federal Land, Inc., the real estate arm of the Metrobank Group. The building's design was made by local architectural firms GF & Partners Architects and Gozar Planners Philippines, in cooperation with renowned international architectural firm Kohn Pedersen Fox Associates as its design consultant.
The first skyscraper (150 meters and above) in the metropolis is the 44-storey Pacific Plaza Condominium, which was completed in 1992. The Federal Land Tower (Metrobank Financial Center) is the tallest building in the Philippines since its completion in 2017 with the pinnacle height of 318 meters (1,043 ft).
He founded Metropolitan Bank and Trust Company, the second largest bank in both assets and capital in the Philippines. He owned stakes in Federal Land, Inc., the Bank of the Philippine Islands and Philippine Savings Bank, a Metrobank subsidiary. Ty was the owner of the G.T. International Tower in Makati.
Metrobank's joint venture with ANZ was formed in 2003. Since then, MCC has become a leading provider of credit cards in the Philippines, with more than 1.5 million cards based from the data of the Credit Card Association of the Philippines (CCAP). MCC reported total assets of ₱60.4 billion and a return on average equity of 36.3 percent.
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
Established on June 26, 2007, GT Capital has business interests in auto dealership, banking, insurance, power, and real estate. [1] [4] [5] On April 20, 2012, it debuted in the Philippine Stock Exchange with an initial public offering (IPO) of 47.4 million shares with additional 6 million shares earmarked for over-allotment.