HGC tops ISO compliance
State housing agency Home Guaranty Corp. now leads International Standards Compliance in the Philippine public sector.
International Standards Organization (ISO) certifying body TUV Rheinland reported HGC is the first key shelter agency, the first government financial institution and the first government-owned-and-controlled corporation to be conferred ISO 9001:2015 certification for all its business processes. ISO 9001:2015 is the latest in the series of International Quality Management System standards.
HGC is also the first Philippine government agency to have ISO/IEC 27001:2013 certification conferred to its Information Security Management System. Compliant to both ISO 9001:2015 & ISO/IEC 27001:2013, HGC scores another first in its Integrated Quality and Information Security Management System.
In 2014, after long years of being in the red, HGC already registered a positive net income of P106.7 million. By the end of 2015, its income from Operations was P875.8 million. After expenses, taxes and other financial charges, the Corporation still registered a positive Net Income of P301.68Million. Net Worth stood at P8.4Billion—almost three times the Net Worth in 2010.
HGC Officer-in-charge Corazon G. Corpuz, veteran public servant, declares “HGC’s turnaround was a result of conscientious effort to increase revenues, adherence to judicious spending and fiscal policies, instituting reforms in the guaranty business and putting in place a culture of quality and efficiency in all our business processes.”