The Pag-IBIG Fund Board of Trustees has approved the dividend for members’
savings for 2021, declaring a record-high amount of over P31 billion which
shall be credited directly to its members’ savings accounts, top executives
announced on Friday (Mar.11).
“During the Pag-IBIG Chairman’s Report last February 24, I announced that
the rates of Pag-IBIG Savings remained higher than other instruments in the
market. This announcement came with a caveat that these were to be
approved by the Board. And now, I’m happy to announce once again that the
Pag-IBIG Board has approved dividends for our members’ savings in the amount of P31.79 billion – the highest declared amount in the history of Pag-IBIG! The Board also adjusted upwards the previously announced indicative rates. The final dividend rates are now 5.5% for the Pag-IBIG Regular Savings and 6% for MP2. Giving higher returns on members’ savings is part of our efforts to give the best benefit to our members, especially as they face economic challenges due to the ongoing pandemic, while ensuring the Fund’s
sustainability and stability”, said Secretary Eduardo D. del Rosario who heads
the Department of Human Settlements and Urban Development and the 11-
member Pag-IBIG Fund Board of Trustees.
Meanwhile, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti
explained that the higher rates are a result of a higher dividend pay-out ratio
approved by the Board. He said that while the agency is required to give back
to members only at least 70% of its annual net income as dividends, the
Management and the Board always sought to give back more.
“Pag-IBIG Fund has always looked out for the wellbeing of our members. And
when we perform well, it’s our members who benefit the most. For 2021, I’m
glad to say that the Board decided to retain the highest payout ratio of
92.15%. We are able to do this for the second consecutive year because of our
strong financial position and improving loan portfolio despite the economic
effects of the pandemic. We, the Management, thank all members of the
Board for recognizing the Fund’s efforts to maintain a stable Fund. We also
recognize that the members themselves – their trust and confidence in the
Fund’s programs – helped us deliver a great performance year after year. This
is your Lingkod Pag-IBIG at work when you need us most,” Moti said.
