Philippine Export-Import Credit Agency (PhilEXIM) Home Guaranty Corporation (HGC)
Founded
January 31, 1977; 47 years ago (1977-01-31) (as PhilEXIM) July 23, 2018; 5 years ago (2018-07-23) (present form)
Fate
Merger of guarantee functions, programs, and funds with PhilEXIM as the surviving entity and renaming it as PHILGUARANTEE.[1]
Headquarters
Makati City, 1226 Metro Manila
,
Philippines
Area served
Philippines
Key people
Benjamin Diokno (Chairperson)
Alberto Pascual (President & CEO)
Products
Trade credit
Services
Guarantee programs
Revenue
₱3.908 billion[2] (2021)
Net income
₱1.172 billion[2] (2021)
Total assets
₱60.897 billion[3] (2021)
Total equity
₱26.690 billion[3] (2021)
Owner
Government of the Philippines
Parent
Department of Finance
Website
www.philguarantee.gov.ph
The Philippine Guarantee Corporation is the Philippines export credit agency providing trade finance. It is setup as a government-owned and controlled corporation attached to the Philippines Department of Finance. Formerly known as the Philippine Export-Import Credit Agency or PhilEXIM, it is the principal agency for State Guarantee Finance of the Philippines. The primary objective is to perform development financing roles through the provision of credit guarantees in support of trade and investments, exports, infrastructure, energy, tourism, agricultural business, modernization, housing, micro-enterprises, small and medium-sized enterprises and other priority sectors of the economy, with the end in view of facilitating and promoting socio-economic and regional development.[4]
The corporation is the result of the merger and consolidation of five Philippine Guarantee Programs and Agencies pursuant to Executive Order No. 58, series of 2018.[1]
^ ab"Approving the merger of the Home Guaranty Corporation and the Philippine Export-Import Credit Agency (PhilEXIM), transferring the guarantee functions, programs and funds of the Small Business Corporation, and the administration of the Agricultural Guarantee Fund Pool and the Industrial Guarantee and Loan Fund to the PhilEXIM, and renaming the PhilEXIM as the Philippine Guarantee Corporation". Executive Order No. 58, s. 2018 of July 23, 2028(PDF). President of the Philippines.
^ abPhilippine Guarantee Corporation (December 31, 2021). Condensed Statement of Comprehensive Income (PDF) (Report).
^ abPhilippine Guarantee Corporation (December 31, 2021). Condensed Statement of Financial Position (PDF) (Report).
^"Philippine Guarantee Corporation Mandate". philguarantee.gov.ph. Retrieved July 13, 2020.
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