MEDIUM-SIZED SECURITY BANK Corp. has provided a P500-million loan facility to Aboitizland Inc., the real estate arm of the Cebu-based Aboitiz conglomerate.
In a statement, SBC said it entered into the loan agreement to fund Aboitizland’s latest property development foray in the Queen City of the South.
“The growth prospect for the property industry in Cebu is truly phenomenal. The increased demand for both residential and commercial development is prompting leading real estate companies to expand their portfolio to match the needs,” said SBC senior vice president Patricia May Siy.> > > [ full story ]
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