Security Bank Corp. has extended PHP 3.52 billion in credit facilities to two property firms under the Investment & Capital Corp. of the Philippines (ICCP) Group to support their expansion plans.
The bank granted PHP 2.56 billion to Science Park of the Philippines Inc. (SPPI) and PHP 960 million to Pueblo de Oro Development Corp. (PDO).
The loan proceeds will be used to fund new and ongoing development projects. SPPI, a leading private industrial park developer in the country, has developed and is currently expanding nearly 1,500 hectares of industrial estates across the Philippines.
The company plays a key role in supporting industrial growth through master-planned, strategically located developments that cater to manufacturing and export-oriented firms.
PDO, the ICCP Group’s residential and mixed-use property arm, continues to develop master-planned communities in high-growth locations including Batangas, Pampanga, and Lapu-Lapu City.
The company has built a reputation for offering quality housing and commercial spaces that integrate sustainability and urban convenience.
Security Bank said the credit support aligns with its commitment to empower businesses and build sustainable communities.
The bank intends to deepen its partnership with the ICCP Group through a multi-faceted approach, including loans, deposits, and cash management services.
The funding supports SPPI and PDO’s expansion into key regional markets, where demand for industrial and residential space continues to rise.
It also underscores Security Bank’s strategy of supporting infrastructure and real estate projects that contribute to long-term economic development. – PropertyNews.ph
