Filinvest Development Corp. celebrates 70 years of growth

Filinvest Development Corp. (FDC) is celebrating its 70th anniversary this year. The company began in 1955 when Andrew and Mercedes Gotianun started a second-hand car financing business in Manila. Their goal was to empower Filipinos by creating opportunities to improve their lives. Over the decades, FDC expanded beyond car financing into various sectors, including real estate, banking, and power. It established Filinvest Realty Corp. in 1966 to develop affordable housing, helping many Filipinos buy their first homes. In 1994, FDC launched EastWest Bank, making financial services accessible to middle-income individuals and businesses. FDC also ventured into sustainable energy with FDC Utilities, Inc. in 2009 and developed a partnership with Engie in 2018 to enhance power solutions in Mindanao. The company has made significant investments in hospitality, with projects like the Crimson Resort and Spa and Quest Hotel in Cebu. Through strategic growth, FDC has created a diverse and resilient business portfolio. The company stayed strong during the COVID-19 pandemic, helping the country by providing critical support, such as quarantine centers and medical supplies. In 2024, FDC reported a record profit of P9.5 billion, mainly from real estate, banking, and power sectors. The company aims to uplift Filipino families and contribute to national growth, ensuring its legacy reflects both financial success and positive social impact as it moves forward into the future.