Latest news with #P30.22
Filipino Times
09-06-2025
- Business
- Filipino Times
Pag-IBIG reports strong Q1, urges members to maximize MP2 savings and home loans
The Pag-IBIG Fund, on June 9, 2025, held a media roundtable at The Manila Hotel to strengthen ties with its media partners and highlight its latest milestones. The event brought together representatives from print, digital, and radio platforms, providing an opportunity to share updates on the agency's recent achievements and to reinforce support in promoting its services and programs for Filipino members. Speakers and attendees of the Pag-IBIG Fund's event. The session opened with remarks from Mr. Alexander Hilario G. Aguilar, Deputy Chief Executive Officer for Marketing, Product Development, and Sales. Pag-IBIG Fund's CEO, Marilene C. Acosta, delivered the keynote speech, thanking media partners and reporting the Fund's performance. Mr. Domingo C. Jacinto Jr., Vice President for Public and Member Relations, led the discussion on the benefits of Pag-IBIG membership and answered questions during the open forum. Ms. Janice Anne P. Delmo, Department Manager III of the Public and Media Affairs Office, closed the program with acknowledgments and a message of continued collaboration. The gathering was also an opportunity for the media to clarify processes and updates related to Pag-IBIG programs, providing feedback and helping bridge the information gap for Filipino workers, both in the country and overseas. Strong first quarter performance Pag-IBIG Fund reported that it released P30.22 billion in home loans from January to March 2025. This marks an increase of over 8 percent compared to the P28.09 billion disbursed during the same period last year. The housing loans helped more than 20,000 members acquire their own homes during the first three months of the year. In support of the government's Pambansang Pabahay para sa Pilipino (4PH) program, Pag-IBIG also released nearly P988 million in housing loans, benefitting over 600 families. Under the 4PH program, the agency works with developers, contractors, and local governments to build affordable housing communities for qualified Filipino workers. The Pag-IBIG Fund has secured a PHP 250-billion funding commitment covering the period from 2023 to 2028. Assets surpass P1.1 trillion As of March 31, 2025, Pag-IBIG Fund's total assets exceeded P1.1 trillion, a growth of more than P34 billion in just three months. This growth was driven by increased home loans, income from strategic investments, and higher savings collections from its members. Pag-IBIG Fund statistics in 2024. The agency reported a strong equity base of P776.52 billion and a total of P21.29 billion in cash and cash equivalents. Its investment portfolio expanded to P133.06 billion, showing a strong focus on financial sustainability. Growing member savings and services In the first quarter alone, Pag-IBIG Fund collected P40.41 billion in membership savings, a 41 percent jump compared to the same period in 2024. The agency also maintained a strong performing loans ratio of over 94 percent, which indicates that most members are paying their loans on time. Pag-IBIG Fund members become first-time homeowners, with 1,159 approved loans. During the gathering, the media were also informed that Pag-IBIG Fund is actively encouraging more members to grow their savings through its MP2 Savings Program—a voluntary savings scheme with higher dividend rates than regular savings. The agency aims to increase participation in the MP2 program in the coming months. Participants were also reminded of the benefits of owning a Pag-IBIG Loyalty Card Plus. The card allows members to access discounts on groceries, fuel, travel, tuition fees, and more from partner establishments in the Philippines and abroad. Your Pag-IBIG Fund statistics in 2024. Assurance on funds management Pag-IBIG Fund clarified that all contributions are handled solely by the agency and are not transferred or managed by other government offices. Contributions are invested prudently and are used to fund housing loans, savings programs, and income-generating investments that benefit all members without the influence of other government bodies. Benefits of being a Pag-IBIG member Filipinos abroad can continue saving and applying for loans through Pag-IBIG Fund via its online platforms. They may register and pay contributions through remittance centers and partner banks. Online services are also available through the Virtual Pag-IBIG platform, allowing members to monitor their savings, apply for loans, and update records without needing to visit a branch. The benefits of being a Pag-IBIG member include access to housing loans, short-term loans, regular and MP2 savings programs, annual dividends, and partner discounts through the loyalty card. These benefits are available as long as the member consistently pays their monthly contributions, which start at as low as P100.
GMA Network
27-05-2025
- Business
- GMA Network
Pag-IBIG Fund says assets grew to P1.1T as of end-March 2025
The Home Development Mutual Fund or Pag-IBIG Fund on Tuesday said its total assets surged to P1.1 trillion as of the end of March 2025. In a news release, Pag-IBIG said its asset growth underscores its 'continued financial strength" which "reaffirms its position among the country's leading government financial institutions.' The Fund's assets grew by P34.27 billion from P1.069 trillion as of the end of 2024, on the back of sustained expansion of its loan portfolio, prudent investments, and robust member savings. Pag-IBIG said it booked an equity base of P776.52 billion in the first quarter, which represents the combined value of members' equity, retained earnings, and other reserves. It added that its strong financial footing enables the agency to steadily grow the value of its members' savings while continuing to provide accessible loan programs to its 16.55 million active members. Moreover, Pag-IBIG said it maintained P21.29 billion in cash and cash equivalents and expanded its investment portfolio to P133.06 billion, 'demonstrating its strategic focus on liquidity and income-generating placements.' It said that its other major asset components include property and equipment, investment properties, and various non-current assets, all pointing to a well-diversified and resilient financial structure. In the first quarter of 2025 alone, Pag-IBIG said it disbursed P30.22 billion in housing loans, while total membership savings collections reached P40.4 billion, a 41% increase from the P28.76 billion collected during the same period last year. The Fund added it also saw a strong performing loans ratio of 94.13%, 'reflecting sound portfolio management and sustained borrower discipline.' —VAL, GMA Integrated News
GMA Network
22-05-2025
- Business
- GMA Network
Pag-IBIG: P30.22B in home loans released in Q1 2025
The Home Development Mutual Fund or Pag-IBIG Fund said Thursday it has released P30.22 billion in home loans in the first quarter of 2025. In a news release, Pag-IBIG said the amount was 8% higher or over P2 billion more than the P28.09 billion in housing loans disbursed during the same period in 2024. Loan releases in the January to March period also helped finance 20,315 Pag-IBIG members' acquisition of their own homes. "The strong performance of Pag-IBIG Fund in the first quarter underscores its continued commitment to providing affordable housing opportunities for Filipino families," said Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees. "As we sustain progress in home financing alongside the growing momentum of the Pambansang Pabahay para sa Pilipino (4PH) Program, we heed President Ferdinand R. Marcos Jr.'s call to uplift the lives of our fellow Filipinos by ensuring access to dignified shelter," said Acuzar. Pag-IBIG Fund CEO Marilene C. Acosta, meanwhile, also highlighted Pag-IBIG's vital support for the government's flagship 4PH Program—through which the agency provides financing to developers, contractors and local government units to build housing projects, as well as to individual buyers of 4PH units. In the first quarter alone, the agency said it released P987.91 million under the program, benefiting 669 members and their families who now own homes. "We are grateful to our members and stakeholders for their continued trust and support in our programs," said Acosta. "Our performance in the home loan front demonstrates not only our financial strength, but also our unwavering commitment to make homeownership more accessible for Filipino workers. Pag-IBIG Fund remains focused on providing affordable and reliable housing programs that help build stable and dignified lives for our members," added the Pag-IBIG chief. — VDV, GMA Integrated News
Filipino Times
21-05-2025
- Business
- Filipino Times
Pag-IBIG Fund Home Loan releases reach P30B in first quarter of 2025
Pag-IBIG Fund released P30.22 billion in home loans from January to March 2025, an 8 percent increase—or more than P2 billion higher—than the P28.09 billion disbursed during the same period in 2024, officials announced Wednesday, May 21. 'The strong performance of Pag-IBIG Fund in the first quarter underscores its continued commitment to providing affordable housing opportunities for Filipino families,' said Department of Human Settlements and Urban Development Secretary Jose Rizalino L. Acuzar, who also chairs the 11-member Pag-IBIG Fund Board of Trustees. 'As we sustain progress in home financing alongside the growing momentum of the Pambansang Pabahay para sa Pilipino (4PH) Program, we heed President Ferdinand R. Marcos Jr.'s call to uplift the lives of our fellow Filipinos by ensuring access to dignified shelter.' Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, said the loan releases helped 20,315 members acquire their own homes during the first three months of the year. Acosta also highlighted Pag-IBIG Fund's vital support for the government's flagship 4PH Program, through which the agency provides financing to developers, contractors and local government units to build housing projects, as well as to individual buyers of 4PH units. In the first quarter alone, the agency released P987.91 million under the program, benefitting 669 members and their families who now own homes. 'We are grateful to our members and stakeholders for their continued trust and support in our programs,' Acosta said. 'Our performance in the home loan front demonstrates not only our financial strength, but also our unwavering commitment to make homeownership more accessible for Filipino workers. Pag-IBIG Fund remains focused on providing affordable and reliable housing programs that help build stable and dignified lives for our members.'
