PHILGUARANTEE and China Banking Corporation Seal P20-Billion Partnership to Boost Housing Access

The Philippine Guarantee Corporation (PHILGUARANTEE) and China Banking Corporation strengthened their long-standing partnership through a ceremonial signing held on November 26, 2025, at the PHILGUARANTEE Office in Makati City. This partnership reinforces both corporations’ shared commitment to paving the path to homeownership and access to housing finance, supporting the country’s growing housing sector.

(From left: SVP Teresito Cayo A. Butardo (Housing Guarantee Group), PHILGUARANTEE PCEO Alberto E. Pascual, China Banking Corporation Mortgage and Factoring Business Group Head Mr. Antonio Jose S. Dominguez, and Operations Division Head Ms. Clarissa Maria A. Villalon)

The ceremonial signing was led by PHILGUARANTEE President and CEO Alberto E. Pascual, Senior Vice President Teresito Cayo A. Butardo, and Vice President Meynardo T. Talens, Jr., along with China Banking Corporation Mortgage and Factoring Business Group Head Mr. Antonio Jose S. Dominguez, and Operations Division Head Ms. Clarissa Maria A. Villalon.

“Today is going to be an extraordinary day, we’re here for the ceremonial signing of the P20.0 Billion guarantee partnership for inclusive housing between PHILGUARANTEE and China Banking Corporation, an important feat toward making homeownership more accessible for Filipino families” said SVP Butardo in his message. He also expressed gratitude to China Banking Corporation as one of the long-time partners of PHILGUARANTEE for its continued dedication, enthusiasm, and shared determination.

China Banking Corporation MFB Group Head Mr. Dominguez expressed in his message: “From a modest P150 Million line in the 1990s, we have now grow into P20 Billion – that’s the true testament of mutual trust and our commitment to helping Filipinos have their own homes.” He emphasized that this milestone comes at a very nice time as China Bank’s housing portfolio continues to grow and enabling more families to achieve homeownership. “PHILGUARANTEE has been there to assist us and keep our fuel for this growth. As we formalize this agreement, we will always look forward to building a future where every Filipino family has a place to call home. China Bank will always keep our focus on you, our customers and all of our stakeholders”, he added.

PCEO Pascual expressed his full support: “This milestone serves as a testament of our collective dedication to making a positive impact in providing accessible and affordable housing to every Filipino. By enabling greater access to housing finance, we are empowering Filipino families on paving the path to homeownership, and contributing to the growth of communities across the country.”

This ceremonial signing marks a significant milestone in efforts to expand affordable, inclusive housing access and strengthen support for the housing finance sector.

From: Strategy Management and Communications Department