On 29 March 2010, a P2.0 Billion retail guaranty line was approved by the HGC Board of Directors for Malayan Bank. Malayan Bank is a savings and mortgage bank that started its operations in 1996. The bank is jointly owned by Majalco, Inc. (a real estate company), GMA Network, LINQ Information Entertainment Quadrant Corporation and Liberty Flourmills Commodities Corporation. The bank is serving six major cities in Metro Manila including Makati, Quezon, Mandaluyong, Pasig, Marikina and Las Piñas. The bank capitalizes on its network of infrastructure and information technology systems that aim to add value to its banking services.

HGC’s partnership with the bank started in 2004 with a modest guaranty facility of P50 Million to cover the bank’s portfolio of housing loans and receivables from Contract-to-Sell accounts. Since then, the bank has found comfort and security in leveraging and building-up its portfolio of housing loans. As of 31 January 2010, HGC’s outstanding guaranty on Malayan Bank’s portfolio has reached P700.77 Million, which is composed mostly of low-cost and socialized housing loans. With prudence and credit acumen in lending and good accounts management, the bank is able to manage its housing loans well; thus, it has no record of claims against the guaranty.

Of the P2.0 billion retail guaranty line, a portfolio of P1.57 Billion worth of Contract-To-Sell accounts discounted from various developers will be immediately enrolled by the bank.