Filinvest Group Leans on Core Businesses for Further Growth

Filinvest Development Corp. (FDC) of the Gotianun family is bullish on the sustained growth of its three core businesses of banking, power, and real estate, with hospitality expected to become a strong fourth leg for the conglomerate in the coming years.

- By RICHMOND MERCURIO

"The conglomerate is composed of three large legs in terms of earnings contribution. The bank, the power, and then real estate," FDC chief finance officer Ven Christian Guce said.

"From those three legs, from those core businesses, we actually have in itself the key drivers for growth for the group that can sustain and deliver the at least 20 percent growth that we mention in terms of ambition," he said.

FDC is aiming to deliver at least 20 percent average annual growth in earnings for the next five years.

Guce said that EastWest Bank is in a very unique position with a very long runway of growth in terms of the market as well as in terms of further improvements on return on equity.

He said the group is also aspiring to boost its power portfolio by threefold in the next seven to eight years, of which 50 percent is going to be renewables by 2033.