Pag-IBIG Fund has earned its 13th consecutive Unmodified Opinion from the
Commission on Audit (COA), reaffirming its commitment to excellence in
financial management, sound governance practices, and consistent compliance
with accounting and auditing standards, officials announced on Tuesday, July 1.
The latest audit opinion followed COA’s comprehensive review of Pag-IBIG
Fund’s financial statements and operations for the year 2024. The review
confirmed that the agency’s transactions were properly conducted in accordance
with applicable laws and regulations, and that its financial statements were fairly
presented, in all material respects, in line with relevant government accounting
and reporting standards.
“This is further proof that Pag-IBIG Fund has been, and continues to be, managed with
professionalism, prudence, and integrity,” said Secretary Jose Ramon P. Aliling, head
of the Department of Human Settlements and Urban Development and
Chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “It is a testament
to how Pag-IBIG Fund upholds the highest standards in managing our members’ hard-
earned savings and in fulfilling its mandate to serve the Filipino worker. This achievement
also reflects Pag-IBIG Fund’s strong position, as it plays a key role in the administration’s
flagship Expanded Pambansang Pabahay para sa Pilipino (4PH) Housing Program. We
remain committed to the directive of President Ferdinand Marcos Jr. to build a more secure,
resilient, and prosperous future for every Filipino family.”
COA had previously issued unqualified opinions on Pag-IBIG Fund from 2012 to
2017 and unmodified opinions from 2018 to 2024. With this latest result, Pag-IBIG
Fund joins a short list of Philippine government agencies and GOCCs that have
consistently received unqualified and unmodified opinions for over a decade, a
noteworthy distinction that underscores its sustained fiscal discipline and
commitment to transparency.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta likewise emphasized
the significance of this recognition, highlighting how it reflects the agency’s
outstanding performance and service delivery in 2024.
“Pag-IBIG Fund exceeded the one-trillion-peso mark in total assets and posted a historic
net income of ₱66.78 billion last year. We also achieved all-time highs in our housing loan
releases, cash loan disbursements, and loan collections, enabling more Filipino workers to
access affordable home financing and meet their short-term financial needs. Earning
COA’s Unmodified Opinion for the 13th consecutive year affirms that we accomplished all
these while upholding the highest standards of integrity, in line with President Marcos
Jr.’s call for excellence and accountability in public service, said Acosta.”
