LandBank extends P500-M credit line

MANILA, Philippines - The Land Bank of the Philippines has granted a P500-million credit line to Frey-Fil Corp. (FFC) under its Builders Program. The credit line is to fund the company’s growth and working capital requirements, which includes short-term loan line, facilitation of trade transactions and provide bank guarantee via stand-by letters of credit. FFC was established in 1974 but has since expanded the application of a pre-stressing methodology to both cast-in-place and pre-cast concrete structures and has diversified into the area of architectural pre-cast concrete. It has a triple “A” General Engineering Contractor’s License issued by the Philippine Contractor’s Accreditation Board.