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Aubrey Rose Inosante - The Philippine Star
March 20, 2026 | 12:00am
PhilGuarantee president and CEO Alberto Pascual said the partnership showed their shared commitment to scale up housing opportunities for Filipino families since 2007.
Philstar.com / Jovannie Lambayan
MANILA, Philippines — Aubrey The Philippine Guarantee Corp. (PhilGuarantee) has teamed up with Sterling Bank of Asia Inc. for a P5-billion housing retail guarantee facility aimed at expanding access to home financing.
PhilGuarantee president and CEO Alberto Pascual said the partnership showed their shared commitment to scale up housing opportunities for Filipino families since 2007.
“For PhilGuarantee, our partnership with Sterling Bank of Asia plays an important role in fulfilling our mandate of strengthening the country’s credit delivery system,” he said.
The contract signing ceremony was held on March 17 in San Juan City, with Real Estate Loans 1 head Candice Quianzon in attendance.
“As a GOCC (government-owned and controlled corporation) attached to the Department of Finance, PhilGuarantee provides credit guarantees that reduce the risks of lending to sectors vital to economic growth, particularly housing, which is often underserved,” said PhilGuarantee SVP Teresito Butardo.
A guarantee is not merely about risk mitigation in the state-run firm but about trust in banks and in the system, he added.
Meanwhile, Sterling Bank of Asia president and CEO Cecilio San Pedro said the partnership allows the bank to support aspirations while ensuring that lending remains prudent and sustainable.
“PhilGuarantee provides an important mechanism that enables banks like Sterling Bank of Asia to extend housing loans with greater confidence and reach more deserving borrowers,” he said.
The state-run firm said it has provided guarantee support for nearly P640 billion worth of loans since the end of 2019, coursed through 200 partner lending institutions.
PhilGuarantee also reported that it enabled lending to socialized and low-cost housing projects that built 640,804 units, supported 327,163 small farmers and fisherfolk, and assisted 71,288 micro, small and medium-sized enterprises.
