PHILGUARANTEE, the country’s principal agency for state guarantee finance, has reached a cumulative total credit guarantees amounting to Php 252.41 Billion providing financial support to more than 464,000 socialized and low cost housing loan borrowers, MSMEs, and small farmers and fisherfolk, as of June 2024.
Third-party auditing agency TUV Rheinland, Inc. conducted its second surveillance audit for the Philippine Guarantee Corporation (PHILGUARANTEE), which covered processes under ISO 9001:2015 and ISO/IEC 27001:2013, on July 18, 2024, at the PHILGUARANTEE Headquarters in Makati City.
The Philippine Guarantee Corporation (PHILGUARANTEE) and finance company iGlobal Financial Services Inc. on July 11, 2024, at the PHILGUARANTEE Headquarters in Makati City, signed an agreement to promote financial inclusion among small, and medium enterprises (SMEs) through improved access to financial services.
State-owned Philippine Guarantee Corporation (PHILGUARANTEE) further enhanced its support towards the MSMEs, small farmers and fisher folks as it renewed its institutional partnership with the Ayala Group’s Bank of the Philippine Islands (BPI) and its microfinancing arm, BPI Direct Banko.
Finance Secretary and PHILGUARANTEE Chairperson Ralph G. Recto met with the PHILGUARANTEE senior management led by PCEO Alberto E. Pascual on June 4, 2024, at the Department of Finance (DOF) in Manila.
