Pag-IBIG says members recorded a record P66.66B in January-October.


Home Development Mutual Fund or Pag-IBIG Fund said on Tuesday that its members had set another record in the last 10 months of 2022.

In a statement, Pag-IBIG said members saved 66.66 billion pesos from January to October, up 27% over the same period last year and even surpassed savings of 63.67 billion pesos for the year 2021.

The agency said members’ total savings during the period were the highest in its history.

“The Pag-IBIG Fund has again set a new record, this time in savings collections from its members. This is testament to the confidence that our members and stakeholders have in our ability to manage their savings in an excellent and prudent manner. With more funds, Pag-IBIG remains in a strong position to fund its programs, especially its home loans, while keeping interest rates on its loans low,” said Secretary Jose Rizalino Acuzar, who leads the Department. Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board.

“It’s all part of our efforts to support President Ferdinand Marcos Jr.’s call to provide a better life for all Filipinos,” he said.

Meanwhile, Pag-IBIG said its Pag-IBIG 2 or modified MP2 savings posted a record 33.72 billion pesos, or 51% of the agency’s total savings collected by the agency during the period. .

Pag-IBIG fund CEO, Marilene Acosta, said MP2 savings continues to show remarkable growth, as it registered a 57% increase from the 21.43 billion pesos collected during the same period last year.

“The dramatic growth of our MP2 savings began in 2016, when collections first crossed the one billion peso level. We are pleased to note that this year is even more remarkable as the 33.72 billion pesos saved collectively by our members in the first 10 months of the year have already well exceeded the record full-year collection of 25.95 billion pesos in 2021,” she said.

“We thank our members for their continued confidence in the Pag-IBIG Fund. And, with just a few weeks left before the end of the year, we assure our members that we are doing everything we can to provide them with the best rates of return on every hard-earned peso they have saved with us. This is our way of providing them with Tapat na Serbisyo, Mula sa Puso,” Acosta added.—AOL, GMA Integrated News


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