PHILGUARANTEE, Sterling Bank of Asia Inc. ink P5-Billion Housing Retail Guarantee Facility
The Philippine Guarantee Corporation (PHILGUARANTEE) and Sterling Bank of Asia Inc. formalized a P5-billion housing retail guarantee facility on 17 March 2026 at the Sterling Bank of Asia Head Office in San Juan City, reinforcing their shared commitment to expanding access to home financing for Filipinos.
Present at the contract signing ceremony were PHILGUARANTEE President and CEO Mr. Alberto E. Pascual and SVP Teresito Cayo A. Butardo, Group Head of the Housing Guarantee Group. They were joined by Sterling Bank of Asia President and CEO Cecilio “Paul” D. San Pedro and Real Estate Loans 1 Head Candice P. Quianzon.
In his message, PCEO San Pedro said: “Today is a good example of how collaboration between the public and private sectors can turn shared aspirations into concrete opportunities for our fellow Filipinos”. He underscored the importance of collaboration in the financial sector, noting that “no single institution can address every challenge alone.” He further emphasized that “PHILGUARANTEE provides an important mechanism that enables banks like Sterling Bank of Asia to extend housing loans with greater confidence and reach more deserving borrowers”. He added that “In simple terms, this partnership allows us to do what the banks are meant to do. Support aspirations while ensuring that lending remains prudent and sustainable.”
For his part, PHILGUARANTEE PCEO Pascual emphasized that the partnership serves as a reaffirmation of a strong commitment with Sterling Bank of Asia, which dates back to 2007. He noted that this enduring collaboration reflects mutual trust and a shared commitment to expanding housing opportunities for Filipino families. “For PHILGUARANTEE, our partnership with Sterling Bank of Asia plays an important role in fulfilling our mandate of strengthening the country’s credit delivery system”, he added.
SVP Butardo provided an overview of the P5-billion housing retail guarantee facility, and its role in supporting the expansion of housing opportunities for Filipino families. He emphasized the broader impact of the program amid global uncertainties, explaining that “as a GOCC attached to the Department of Finance, PHILGUARANTEE provides credit guarantees that reduce the risks of lending to sectors vital to economic growth, particularly housing, which is often underserved”.
He concluded, “Sa PHILGUARANTEE, ang garantiya ay hindi lamang tungkol sa risk mitigation. Ito ay tungkol sa tiwala: tiwala sa bangko, tiwala sa sistema, at higit sa lahat, tiwala sa sipag at pangarap ng Pilipino”.
From: Strategy Management and Communications Department
