Pag-IBIG Fund recognizes top employers and developers, reports record-high accomplishments in Mindanao

Pag-IBIG Fund recognized top employers and developers in Mindanao as it held the first of its series of Stakeholder Accomplishment Reports (StAR) in Davao City on Thursday (13 April 2023).

The Pag-IBIG StAR follows the Pag-IBIG Fund Chairman’s Report held by the agency in Pasay City in March this year, and is conducted by the agency to apprise stakeholders in each of the country’s major regions of its accomplishments and recognize them for their support. Pag-IBIG Fund awarded its top ten developers, top collection agencies and top government and private employers during the event.

“Pag-IBIG Fund achieved its best-performing year in 2022 as our net income, membership savings, loan releases, and payment collections reached record-highs. These were made possible mainly because of the unwavering support from our partner employers and developers. We conduct the Pag-IBIG StAR to recognize their efforts and to continue building on our good business relationship, so that we can all work together in heeding the call of President Ferdinand Marcos, Jr. to uplift the lives of every Filipino worker,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund posted its best performing year in 2022 as the agency’s net income reached a record high P44.50 billion, a 28% increase from the P34.69 billion the year prior. The agency also reported several record high figures for the year, with home loans reaching P117.85 billion; total membership savings collected amounting to P79.90 billion and loan payments amounting to P127.42 billion. Pag-IBIG Fund also assisted the highest number of members with 105,212 securing new homes from its housing loan programs and over 2.61 million aided through its short-term loans. The agency ended the year with total assets at its highest, amounting to P827.40 billion.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the agency continues its strong performance for the first two months of the year, posting year-on-year growths on membership savings collections, housing loan takeout and loan payments.

“We are happy to report that we have sustained the momentum of our banner year in 2022 to begin the year. We thank our stakeholders here in Mindanao, namely the business community for the timely remittance of their employees’ monthly savings and loan payments, our partner developers in building and delivering quality housing projects and accounts, our members who continue to save with us and choose our loan programs, and our borrowers for their prompt payment on their loan obligations. All these enable us to sustain our growth and record-high achievements,” Acosta said.

SOURCE: https://www.pagibigfund.gov.ph/2023news.html#April13_08