Gotianun-led Filinvest Group of Companies is tapping state-run Land Bank of the Philippines to finance the conglomerate’s business ventures in real estate, power and energy, hospitality and sugar production.
FDC President and CEO Lourdes Josephine Gotianun-Yap led the exploratory meeting with Landbank president and CEO Cecilia Borromeo to discuss funding for the group’s real estate businesses under the Filinvest Land Inc., among its 18 other corporations.
Gotianun-Yap and Borromeo also talked about the funding requirements to support Filinvest’s water desalination project in Cebu and the expansion of its hotel operations.
Filinvest Land borrowed P2 billion from Landbank in 2021 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).
