MANILA, March 1 ------ Pag-IBIG Fund said it booked record dividends for its members’ savings last year. The state-run home financing firm said that for 2024, it earned P55.65 billion in total dividends, marking the largest payout in the agency’s 44-year history. "As a result, the dividend rates for the Regular Savings climbed to 6.6 percent, while the agency’s popular Modified Pag-IBIG 2 (MP2) Savings rate rose to 7.1 percent," the state-run home financing firm said.
Housing Secretary and Pag-IBIG chairman Jose Rizalino Acuzar presented the strong performance and key accomplishments of Pag-IBIG. "Ang Pag-IBIG Fund ay matatag at patuloy na lumalago para higit na bumuti ang serbisyo at matugunan ang pangangailangan ng ating mga myembro," Acuzar said.
President Ferdinand Marcos Jr. lauded Pag-IBIG during the announcement of this achievement at the Philippine International Convention Center on Thursday. “This Chairman’s Report 2024 stands as proof of how your unwavering commitment has grown the contributions entrusted to your care, enabling every hardworking Filipino to achieve their dream homes,” Marcos said.
Pag-IBIG Fund said it recorded another banner year, with its 2024 net income reaching P67.52 billion or 36 percent higher than the P49.79 billion in 2023. The agency said it also surpassed the P1-trillion mark in total assets, closing the year at P1.069 trillion, another all-time high. “With our strong performance, sound investments and robust finances, we are well-equipped to continue providing our members with responsive benefits, and advance our efforts under the Pambansang Pabahay para sa Pilipino Program, ensuring that more Filipino workers can access affordable homes,” said Acuzar. "Matutuwa kayong malalaman na libu-libong housing application ang natanggap ng Pag-IBIG para makabili ng housing units," Acuzar added.
Pag-IBIG Fund CEO Marilene Acosta also noted that the agency released P129.73 billion in home loans to 90,640 members. She said the agency also collected a total of P132.81 billion in membership savings—P73.74 billion of which were voluntarily saved under Upgraded and MP2 Savings—and disbursed P70.33 billion in cash loans to assist more than 3.2 million members.
Source: news.abs-cbn.com
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