Pag-IBIG Fund releases record-high P40.41B home loans in Jan-May 2022, up 15%


Pag-IBIG Fund again surpassed its own record by releasing over P40 billion
in home loans in the first five months of 2022, top officials announced on
Tuesday (June 28).

From January to May, the agency released home loans worth P40.41 billion,
the highest ever amount released during the first five months of any year in
its history. Compared to the same period last year, the amount disbursed so
far this year grew 15% from the P35.28 billion released during the same
period in 2021.

“Pag-IBIG has once again set a new record in the amount of home loan releases
to begin the first five months of the year. We are happy that the number of
Filipino workers who are able to become homeowners through the Pag-IBIG
home loan programs continue to grow. Our consistent performance also
indicates that the home loan policies we have set in place have been effective,
and we expect that these would continue to enable even more Filipino workers
to have decent and affordable homes in safe, sustainable and resilient
communities,” 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.

Meanwhile, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti said
that the amount released as of May financed the acquisition and construction
of 36,865 homes for Pag-IBIG Fund members, 5% higher than the 34,979
homes financed during the same period last year.

He added that out of the total number of homes financed, 6,787 or 18% were socialized housing units which are now owned by minimum-wage and low-
income workers and their families.

“Last year, we surpassed the P100-billion peso level in home loan releases, a
feat we previously thought was impossible. This year, with our record-high
home loan releases from January to May, we are optimistic that Pag-IBIG Fund
is well on its way to yet another banner year. Should the current trend hold, we
expect to release at least P105 billion pesos in home loans by year’s end. I am
confident that our outstanding performance on the home loan front will be
sustained, especially under the leadership of our Deputy CEO for Home
Lending Marilene C. Acosta, who has been instrumental in our record-breaking
performance in home loan releases since 2017”, Moti said (END).

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