PHILGUARANTEE, China Bank Savings, Inc. to boost housing finance with P20-Billion Housing Retail Guarantee Facility
State-owned Philippine Guarantee Corporation (PHILGUARANTEE) and China Bank Savings, Inc. forged a P20-Billion housing retail guarantee facility on 26 March 2026 at the PHILGUARANTEE Head Office in Makati City, marking another significant step in strengthening housing finance accessibility in the country.
Leading the signing ceremony for PHILGUARANTEE were President and CEO Alberto E. Pascual, SVP Teresito Cayo A. Butardo, Group Head of the Housing Guarantee Group, and VP Meynardo T. Talens, Jr., of the Housing Business Development Department, Housing Guarantee Group. Joining them from China Bank Savings, Inc. were Ms. Kristine Michele C. Broadhurst, Vice President II and Group Head of the Consumer Lending Group; Mr. Luis Bernardo A. Puhawan, Controllership Group Head, and Ms. Mary Joy L. Mariano, Assistant Vice President and Housing Loan Division Head.
SVP Butardo provided a brief overview of the P20-Billion Housing Retail Guarantee Facility and underscored its role in expanding housing opportunities for Filipino families. He highlighted, “Bawat housing loan na na-aapprubahan ay may katumbas na pamiyang Pilipino na nangangarap magkaroon ng sariling tahanan. At sa bawat loan na na-aaprubahan ay hindi lang bahay ang naibibigay, kundi kapanatagan, dangal at isang mas maayos na hinaharap. Kapag mas maraming bahay ang naitatayo, mas lumalakas ang komunidad, dumarami ang trabaho at mas umuunlad ang ating ekonomiya. That is the kind of impact we can create together with this guarantee partnership.” He added, “Together with China Bank Savings, we are not just financing homes, we are helping build stronger communities and more inclusive nation.”
For her part, VP and CLG Head Ms. Broadhurst emphasized the shared vision behind the partnership, stating: “This initiative reflects our shared commitment to expanding access to affordable housing and empowering Filipino families to achieve the dream of a homeownership. This P20-Billion housing guarantee is more than a financial milestone, it is a promise to support economic growth, strengthen communities, and make housing more accessible and sustainable for Filipinos across the country. At China Bank Savings, we believe that partnership like this is key to building a more inclusive future. Together with Philippine Guarantee Corporation we are confident that this initiative will create a lasting impact and open more doors for Filipino Families.”
In his remarks, PCEO Pascual emphasized the Corporation’s commitment to strengthening housing finance and broadening access to credit. “Through this facility, PHILGUARANTEE reinforces its commitment to de-risking housing finance and expanding the capacity of financial institutions to serve more Filipinos. By sharing risk, we unlock opportunities to encourage more lending, reaching more communities, and supporting borrowers who may otherwise remain underserved. What makes this partnership particularly meaningful is the shared vision we uphold. China Bank Savings brings deep market experience and a strong presence in retail lending, while us, PHILGUARANTEE provides the institutional support needed to scale impact responsibly.”
The partnership reaffirms both institutions’ shared commitment to making homeownership more accessible, inclusive, and sustainable for more Filipino families nationwide.
From: Strategy Management and Communications Department
