PHILGUARANTEE, BPI forge stronger partnership to boost housing finance

Officers from PHILGUARANTEE and the Bank of the Philippine Islands (BPI) met in Makati City last July 17 to further strengthen the ongoing partnership of both institutions.

PHILGUARANTEE SVP Melinda M. Adriano, Head of the Housing Guarantee Group (HGG), Marketing Division Head Michael R. Lagrosas, and Marketing Officer Lourdes Marie Garcia sat down with the team from BPI headed by VP Dexter Lloyd Cuajotor, Head of Retail Lending Division, VP Bernadette Ocampo, Head of Retail Mortgage Division, and Ivy Longno, Core Retail Finance Business Partner. The discussion focused on further enhancing opportunities between PHILGUARANTEE and BPI, the latter being one of the leading Partner Lending Institutions (PLI) under the HGG for over three decades. Current developments in housing finance, updates on guarantee benefits, and the impending increase in the guarantee price ceiling were also taken up during the meeting luncheon.

As the state’s vehicle for guarantee finance, PHILGUARANTEE’s mandate is to enable the mobilization of private sector investments as well as lending opportunities from the financial sector. In the case of both PHILGUARANTEE and BPI, such partnership will continue to pave the way towards achieving robust support and innovations in the housing finance sector.

From: Strategy Management and Communications Department