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Company Profile
| LGU Guarantee Corporation, Makati, Philippines | |
| Updated: 03/2004 | |
DESCRIPTION: Incorporated on March 2, 1998 with authorized capital of P500 million, the LGU Guarantee Corporation is a private credit guarantee institution majority-owned at 51% by participating members of the Bankers Association of the Philippines (BAP) with the rest of the shares held by the Development Bank of the Philippines (DBP). The LGUGC aims to mobilize private resources of private sector government officials in getting the necessary additional finances needed to provide basic services to their constituents. It is the catalyst that facilitates local government units' (LGU's) access to debt financing where credit opportunities are currently limited, thus providing LGUs with the opportunity to borrow against their current and anticipated funds. | |
| MISSION: We commit to: 1. Help create a policy environment conducive to the promotion of an LGU debt market; 2. Mobilize resources of the private sector toward LGU financing; and 3. Influence the growth of LGUs toward maturity and progressive autonomy. | |
| GENERAL INFO | |
Year Established: 1998 Sector: Financial Guarantor Industry: Financial Institution Employees: 20 Number of Jobs Listed: 0 (View All Active Jobs of LGU Guarantee Corporation) | |
| FINANCIAL INFO | |
Revenue: n/a | |
| Ownership: Private | |
| LOCATION | |
Headquarters: Makati,PH Web Site:
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