Pag-IBIG Fund members saved more than P63 billion last year, attaining
yet another record-high amid the pandemic, according to agency officials.
In 2021, the amount collectively saved by members with Pag-IBIG totaled
P63.67 billion – the highest amount in the agency’s history. The total
savings collected last year jumped 32% from the P48.18 billion collected in
2020 and is 26% higher compared to P50.38 billion collected in 2019,
which was the agency’s best performing year prior to the pandemic.
Forming part of total savings, collections under the Pag-IBIG Regular
Savings also increased by 8% from P34.90 billion in 2020 to P37.71 billion
in 2021.
“During these challenging times, we are glad to report that Pag-IBIG
remains resilient. While our members were not spared from the
pandemic’s effect on the economy, they still chose to save and grow their
hard-earned peso with Pag-IBIG. This shows their significant trust that
Pag-IBIG Fund shall manage their savings prudently. And, with more
funds, Pag-IBIG is in a better position to finance its programs to help more
members in the coming months, as we continue to contribute to the
recovery of the whole nation,” said Secretary Eduardo D. del Rosario, who
heads the Department of Human Settlements and Urban Development
(DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.
Behind the growth of its members’ savings is the agency’s voluntary
savings program, the Modified Pag-IBIG 2 or MP2, which has become
increasingly popular among members in recent years, said Pag-IBIG Fund
Chief Executive Officer Acmad Rizaldy P. Moti. In fact, he said that savings
in the MP2 in 2021 nearly doubled the P13.29 billion saved by members
in 2020, with collections soaring 95% to a record-breaking P25.95 billion.
“The growth of our members’ savings in 2021 is truly remarkable. The
MP2 has bucked the downward trend experienced by the market. As I
have said before, we have seen the dramatic increase in MP2 in the last
five years but reaching almost P26 billion despite the continuing pandemic
is truly exceptional. We are thankful to our members for growing their
savings with Pag-IBIG Fund, and particularly, in favoring the MP2 even
during the health crisis. And as we close our books for 2021, we know
that our members are eagerly waiting for the announcement of the
dividend rates for the regular savings and MP2 for 2021. We will make the
announcement within the quarter, following the approval from our Board.
With our strong performance and robust fiscal standing, I am optimistic
that our dividends will still be higher than most instruments available in
the market,” Moti said.
