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).