GSIS looks to improve its lending programs

THE GOVERNMENT Service Insurance System (GSIS) plans to make its lending programs more competitive versus those offered by private creditors as it looks to boost its investment income.

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“At GSIS, 20% of our investments are in loans. What we want is to double this to 40%,” GSIS President and General Manager Jose Arnulfo “Wick” A. Veloso told reporters last Thursday.

“So, we will have enhancements. I cannot share these yet but to give you an idea, we have to be competitive. And to be competitive, we must be able to differentiate ourselves and compete with the private lending institutions.”

The state pension fund is also awaiting the finalization of the Philippine Stock Exchange’s (PSE) stock investment loan framework, Mr. Veloso said.

The PSE is pushing for the revival of stock investment loan programs (SILP) by state pension funds to inject more liquidity into the stock market.