The Land Bank of the Philippines (LANDBANK) and the Filinvest Group of Companies (Filinvest) recently discussed various potential collaboration projects for the conglomerate’s business ventures in real estate, power and energy, hospitality and sugar production.
LANDBANK President and CEO Cecilia Cayosa Borromeo and FDC President and CEO Lourdes Josephine Gotianun-Yap led the exploratory meeting at the LANDBANK Plaza, for funding FGC’s real estate businesses under the Filinvest Land Investment (FLI), among its 18 other corporations.
Funding requirements were also discussed to support Filinvest’s water desalination project in Cebu and the expansion of its hotel operations.
In 2021, LANDBANK granted a P2-billion loan to FLI—one of the leading real estate developers in the country—to partially finance expansion in its various real estate projects.
Key FLI officers joined the meeting, including President and Chief Strategy Officer Tristaneil Las Marias; Executive Vice President Ana Venus A. Mejia; Senior Assistant Vice President Danilo Calilap; and Loan Manager Jayson Soriano.
LANDBANK was also represented by Senior Vice Presidents Ma. Celeste A. Burgos and Lucila Tesorero; Assistant Vice President Melissa Abundo; and Account Officer Grace Limboc.
LANDBANK is also providing Filinvest various digital banking services, including digital payment to suppliers through the LANDBANK weAccess, and online Modified Disbursement System (MDS) transactions through the LANDBANK electronic Modified Disbursement System (eMDS).
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