Pag-IBIG Fund has announced impressive financial results for 2024, reporting a net income of ₱67.52 billion, a 36% increase from the previous year. The fund's success is attributed to strong performance, sound investments, and robust finances, enabling the organization to provide responsive benefits to its members while advancing initiatives like the National Housing Program for Filipinos.
CEO Marilene C. Acosta highlighted Pag-IBIG Fund's achievements in 2024, including collecting ₱132.81 billion in membership savings, with ₱73.74 billion coming from voluntary savings. Additionally, the fund disbursed ₱70.33 billion in cash loans to assist over 3.2 million members. Acosta emphasized the direct benefits members receive when the fund performs well, showcasing the organization's positive impact on its stakeholders.
The total assets of Pag-IBIG Fund crossed the ₱1 trillion mark, closing the year at ₱1.069 trillion, marking another milestone for the organization. Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar praised the fund's exceptional performance and solid financial standing, further reiterating the positive outcomes for members.
In a significant announcement during the Chairman's Report 2024, it was revealed that Pag-IBIG Fund declared its highest-ever dividends for members' savings. The total dividends for 2024 amounted to ₱55.65 billion, the largest payout in the fund's 44-year history. The Regular Savings dividend rates increased to 6.6%, while the MP2 Savings rate rose to 7.1%, reflecting the fund's commitment to maximizing returns for its members.
President Ferdinand R. Marcos Jr. commended Pag-IBIG Fund's efforts in empowering individuals and families to achieve their homeownership dreams by providing valuable financial assistance through home loans. The fund released ₱129.73 billion in home loans, benefiting 90,640 members in acquiring new or improved residences.
Secretary Acuzar emphasized the fund's dedication to safeguarding members' contributions and ensuring optimal returns, surpassing the required dividend percentage by law. He reiterated the commitment to providing excellent public service and responsible management of members' savings for their benefit.
The remarkable achievements of Pag-IBIG Fund in 2024 reflect its unwavering commitment to supporting members in realizing their homeownership aspirations, providing financial relief during challenges, and enabling savings for a brighter future.
