Philippine Guarantee Corporation (PHILGUARANTEE) has evaluated and processed a total of P1.094 Billion in loan guarantee claims from January to December 2020.
The Philippine Guarantee Corp. (PhilGuarantee) has increased the amount of loans it guaranteed for micro, small and medium enterprises (MSMEs) as of end-February this year by 360 percent to P952.5 million, from just P207 million as of December 2020.
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).
State-owned Philippine Guarantee Corporation (PHILGUARANTEE) has signed separate agreements with six banks providing MSME loans. A total of P10.2 Billion of these loans to MSMEs will provide cushion to small businesses affected by the COVID-19 pandemic.