Philippine Guarantee Corporation
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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]
Company type | Government-owned and controlled corporation |
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Industry | Finance and guarantee |
Predecessors | 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 , |
Area served | Philippines |
Key people |
|
Products | Trade credit |
Services | Guarantee programs |
Revenue | ₱3.908 billion[2] (2021) |
₱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 |
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]