Latest news with #Pag-IBIGFund
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.
Filipino Times
06-06-2025
- Business
- Filipino Times
Pag-IBIG Fund maintains low housing loan rates through end of 2025
Pag-IBIG Fund announced that it is maintaining its low interest rates on housing loans until the end of 2025, continuing its efforts to make homeownership more affordable and accessible for Filipino workers. 'We are keeping our housing loan interest rates low to help more Filipino workers achieve their dream of homeownership,' said Secretary Jose Ramon P. Aliling, Chairperson of the 11-member Pag-IBIG Fund Board of Trustees and Secretary of the Department of Human Settlements and Urban Development (DHSUD). 'This forms part of DHSUD's renewed direction to expand the Pambansang Pabahay para sa Pilipino Program, in line with the vision of President Ferdinand R. Marcos Jr. to build a Bagong Pilipinas—where every Filipino has access to safe, affordable, and resilient communities. By keeping rates low, we make monthly amortizations more affordable, enabling more of our members—especially those who are minimum-wage earners and from low-income sectors—to finally move into homes they can truly afford.' Under its current terms, Pag-IBIG Fund offers housing loans at interest rates as low as 5.75% per annum for a one-year repricing period, and 6.25% for a three-year repricing period. Meanwhile, qualified low-income members may avail of special rates under the agency's Affordable Housing Program to purchase socialized housing units at just 3% per annum. Members may also enjoy loan terms of up to 30 years, helping keep monthly amortizations further within reach. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the agency's sound financial position makes the continued low rates possible. 'Pag-IBIG Fund's prudent fiscal management, strong collections, and high-performing loan portfolio continue to keep us financially sound, enabling us to finance our members' housing needs without external borrowing,' Acosta said. 'This allows us to maintain affordable rates and expand home financing access to more Filipino workers. As we fully support the government's housing thrust under the Marcos administration, we remain focused on helping more of our members—especially those in underserved sectors—secure homes they can call their own.' This announcement builds on Pag-IBIG Fund's strong performance in 2025. In the first quarter alone, the agency released ₱30.22 billion in home loans, benefiting over 20,000 members across the country. Additionally, Pag-IBIG Fund's total assets surpassed ₱1.1 trillion as of March 31, 2025, reflecting its robust financial standing and capacity to sustain long-term support for affordable housing finance.
Filipino Times
30-05-2025
- Business
- Filipino Times
Pag-IBIG Fund continues to grow members' savings as investment income climbs 50%
Pag-IBIG Fund recorded a 50% increase in investment income in the first four months of 2025, reflecting its prudent financial stewardship and growing capacity to support members' savings and housing needs. The development affirms the agency's key role in advancing the Marcos administration's agenda of strengthening government financial institutions and improving the lives of Filipino workers through responsive social benefits. From January to April 2025, the agency earned ₱2.73 billion in investment income alone—significantly higher than the ₱1.81 billion posted during the same period in 2024—driven by strategic placements in bonds and other debt securities, money market instruments, equities, and investment properties. Chief Executive Officer Marilene C. Acosta highlighted that the agency's investment portfolio stood at ₱158.15 billion as of April 2025, reflecting a 42% year-on-year increase from ₱111.39 billion in April 2024. She noted that this growth forms part of Pag-IBIG Fund's sound and strategic allocation of its more than ₱1.11 trillion in total assets—a milestone the agency reached earlier this month. Based on the latest available data, Pag-IBIG Fund's earning assets have reached ₱1.09 trillion, consisting of ₱856.96 billion in housing-related assets, ₱77.94 billion in short-term loans, and ₱158.12 billion in income-generating investments. The remaining ₱20 million accounts for other assets, including property and equipment, cash, and intangible assets. 'Our investments play a vital role in providing our members with the best possible returns,' Acosta said. 'We begin by meeting our housing investment requirement to help more Filipinos own homes through affordable financing. We also maintain adequate funding for our short-term loans, ensuring members have access to immediate financial assistance. Remaining investible funds are placed in secure instruments that deliver competitive returns while preserving liquidity for members' claims. Through this balanced, disciplined approach—anchored on the strategic allocation of our resources to housing, short-term lending, and investments—we fulfill our mission to safeguard our members' trust and deliver meaningful benefits, the Lingkod Pag-IBIG way.' Meanwhile, the agency also formally welcomed Secretary Jose Ramon P. Aliling this week as the newly appointed Chairperson of its 11-member Board of Trustees. His leadership is expected to further guide Pag-IBIG Fund's strategic direction in line with the Marcos administration's housing and institutional development agenda.
Filipino Times
24-05-2025
- Business
- Filipino Times
Pag-IBIG Fund assets reach ₱1.1 trillion as of Q1 2025
Pag-IBIG Fund's total assets surged past the ₱1.1 trillion mark as of March 31, 2025, underscoring its continued financial strength and reaffirming its position among the country's leading government financial institutions. From ₱1.069 trillion at the end of 2024, total assets grew by ₱34.37 billion in just the first quarter of the year—driven by the sustained expansion of its loan portfolio, prudent investments, and robust member savings. Pag-IBIG Fund posted a solid equity base of ₱776.52 billion as of the first quarter, representing the combined value of members' equity, retained earnings, and other reserves. This 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. Complementing its equity position, the Fund maintained ₱21.29 billion in cash and cash equivalents and expanded its investment portfolio to ₱133.06 billion—demonstrating its strategic focus on liquidity and income-generating placements. 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. Earlier this month, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta reiterated the agency's 10-year vision: to declare at least 10% in annual dividends, expand digital access, and advance financial inclusion for underserved sectors. The long-term strategy also includes strengthening the Fund's sustainability and enhancing its role in nation-building through inclusive home financing—fully aligned with President Ferdinand R. Marcos Jr.'s directive to improve the quality of life of every Filipino through access to affordable and dignified shelter. In the first quarter of 2025 alone, Pag-IBIG Fund disbursed ₱30.22 billion in housing loans, while total membership savings collections reached ₱40.41 billion—an impressive 41% increase from the ₱28.76 billion collected during the same period last year. The Fund also reported a strong performing loans ratio of 94.13%, reflecting sound portfolio management and sustained borrower discipline.
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
