SMX Convention Center, Pasay City
March 28, 2023
President Ferdinand R. Marcos Jr. lauded Pag-IBIG Fund’s unprecedented success for its performance in 2022 and for achieving the highest Pag-IBIG dividend rates since the pandemic at 6.53% for Regular Savings and 7.03% for Modified Pag-IBIG II (MP2) Savings Program.
“This is clear evidence of highly astute and competent leadership and financial management of the Fund,” the President said as he graced the Pag-IBIG Fund Chairman’s Report at the SMX Convention Center in Pasay City.
“To see these results for 2022, the members will be assured as to the soundness of the Fund’s financial position, the safety of their own contributions and investments, and the Fund’s continuing reliability as a provider of key financial services and as a vehicle for their personal savings and investments,” he added.
Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar, who serves as Chairman of the 11-member Pag-IBIG Fund Board of Trustees, highlighted in his report that Pag-IBIG has allotted PhP250 billion to help with the 6.5 million housing backlog through DHSUD’s Pambansang Pabahay Para sa Pilipino Housing (4PH) Program.
“It is very encouraging that through the years, that inspite of periods of volatility, uncertainty and sometimes very complex challenges, including the supervening pandemic, the Pag-IBIG Fund has remained true to its original vision and that is to provide a secure savings program, to be able to give a dependable and affordable housing loans for the benefit of its members,” the Chief Executive said.
He also recognized Pag-IBIG’s assistance in releasing housing loans to more than 105,000 members, amounting to more than PhP117 billion, as well as for providing PhP53 billion short-term loans to more than 15.1 million members.
Likewise, he lauded Pag-IBIG’s MP2 Savings Program that generated PhP39 billion savings from nearly one million members — a 54% increase from the savings recorded in the previous year — that helped the Fund to earn an impressive annual net income of more than PhP44 billion and more than PhP42 billion declared dividends.
Moreover, the Chief Executive urged Pag-IBIG to work closely with the DHSUD to find effective strategies in bridging the country’s housing gap built on the principles of transparency and accountability in carrying out its mandate. Since it was established in 1978, Pag-IBIG members grew to 15.1 million both from the public and private sectors, boasting more than PhP827 billion in total assets.
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