PhilGuarantee Partners Anew with PNB, RCBC and BDO for Homelending

The Philippine Guarantee Corporation (PhilGuarantee), the sole credit guarantee institution of the Republic of the Philippines, has approved an additional PhP 35.0 Billion worth of housing guarantee facilities to leading banks BDO Unibank, Inc., Philippine National Bank (PNB) and Rizal Commercial Banking Corporation (RCBC).

PHILGUARANTEE Approves Php 37 Billion MSME Credit Guarantee for 22 Accredited Banks

State-owned Philippine Guarantee Corporation (PHILGUARANTEE) has approved a total of PhP37.5 Billion in credit guarantee facilities for 22 accredited banks, as of June 30, 2020. This is in line with the Agency’s key assistance role of encouraging the banking sector to continue lending to the Micro, Small and Medium Enterprise (MSME) sector under the government’s economic recovery program due to the COVID-19 pandemic.