State-owned Philippine Guarantee Corporation (PHILGUARANTEE) has signed a Memorandum of Agreement (MOA) with the Bank of Makati to strengthen financial support for micro, small, and medium enterprises (MSMEs).

The agreement was formalised during a ceremony in Makati City on 18 November 2025.

Under the partnership, PHILGUARANTEE will extend guarantee coverage to the bank’s loan portfolio for eligible MSME borrowers.

The initiative aims to create a more stable lending environment and enable further credit accommodations for small businesses.

PHILGUARANTEE President and CEO Alberto Pascual highlighted the state corporation’s goal to expand access to capital.

“This agreement reflects our continued effort to broaden financing opportunities for our MSMEs,” Pascual said. “Through this partnership, PHILGUARANTEE will extend guarantee coverage to support Bank of Makati’s loan portfolio for eligible MSME borrowers, enabling loan and credit accommodations”.

Bank of Makati President Luis Chua described the signing as a reaffirmation of a relationship that has spanned over a decade.

“Today’s ceremonial signing is more than just a usual partnership; it is a reaffirmation of a relationship that has spanned more than 10 productive years including its predecessor,” Chua stated.

Chua noted that for a risk-conscious institution like the Bank of Makati, PHILGUARANTEE has served as a consistent partner in translating government initiatives into practical financial solutions for Filipinos.

PHILGUARANTEE SVP Celso Gutierrez noted that the collaboration helps share risk and strengthens existing MSME programmes.

He also indicated that the partnership opens opportunities for collaboration on larger accounts, including potential projects in the renewable energy sector.

Featured image by PHILGUARANTEE.