LandBank explores more Filinvest projects
FLI projects would expand LANDBANK’s loan portfolio with FLI which already consists of a P2-billion loan transacted in 2021 for multiple property developments.
PHOTOGRAPH COURTESY OF LANDBANK
LandBank of the Philippines is eyeing more projects with the Filinvest Group of Companies related to real estate, power, hospitality and sugar production.
In a statement on Friday, the state -owned LandBank reported company executives “recently discussed various potential collaboration” for such industries.
LandBank president and CEO Cecilia Cayosa Borromeo and Filinvest’s holdings group Filinvest Development Corp. president Lourdes Josephine Gotianun-Yap sat down with other officials of Filinvest Land Investment to explore projects starting with real estate.
Involvement in said FLI projects would expand LandBank’s loan portfolio with FLI which already consists of a P2-billion loan transacted in 2021 for multiple property developments.
Filinvest is also seeking capital for a water desalination project in Cebu and the expansion of its hotel operations.
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