PhilGuarantee, CBS Ink P20 Billion Housing Guarantee Facility

MANILA, Philippines — State-owned Philippine Guarantee Corp. (PhilGuarantee) and China Bank Savings Inc. (CBS) signed a P20 billion housing retail guarantee facility, marking another significant step in strengthening housing finance accessibility in the country. During the signing ceremony, PhilGuarantee senior vice president Teresito Cayo Butardo provided a brief overview of the facility and underscored its role in expanding housing opportunities for Filipino families. “Bawat housing loan na na-aapprubahan ay may katumbas na pamiyang Pilipino na nangangarap magkaroon ng sariling tahanan. At sa bawat loan na na-aapprubahan ay hindi lang bahay ang naibibigay, kundi kapanatagan, dangal at isang mas maayos na hinaharap. Kapag mas maraming bahay ang naitatayo, mas lumalakas ang komunidad, dumarami ang trabaho at mas umuunlad ang ating ekonomiya. That is the kind of impact we can create together with this guarantee partnership,” Butardo said. “Together with China Bank Savings, we are not just financing homes, we are helping build stronger communities and more inclusive nation,” he added. Kristine Michele Broadhurst, vice president II and Head of the Consumer Lending Group at China Bank Savings, emphasized the shared vision behind the partnership. “This initiative reflects our shared commitment to expanding access to affordable housing and empowering Filipino families to achieve the dream of a homeownership. This P20-billion housing guarantee is more than a financial milestone, it is a promise to support economic growth, strengthen communities, and make housing more accessible and sustainable for Filipinos across the country. At China Bank Savings, we believe that partnership like this is key to building a more inclusive future. Together with PhilGuarantee we are confident that this initiative will create a lasting impact and open more doors for Filipino families,” Broadhurst said. In his remarks, PhilGuarantee president and CEO Alberto Pascual said the corporation remains committed to strengthening housing finance and broadening access to credit. “Through this facility, PhilGuarantee reinforces its commitment to de-risking housing finance and expanding the capacity of financial institutions to serve more Filipinos. By sharing risk, we unlock opportunities to encourage more lending, reaching more communities, and supporting borrowers who may otherwise remain underserved. What makes this partnership particularly meaningful is the shared vision we uphold. China Bank Savings brings deep market experience and a strong presence in retail lending, while us, PhilGuarantee provides the institutional support needed to scale impact responsibly,” Pascual said. This agreement highlights the importance of public-private partnerships in addressing the housing deficit in the Philippines and improving the living standards of its citizens. For Overseas Filipino Workers (OFWs) and low to middle-income individuals, improved access to housing loans is crucial for establishing a stable foundation for their lives.