Pag-IBIG Fund members have saved more than P66 billion in the last 10
months, breaking yet another record for the period and exceeding all prior
full year figures, top agency officials announced on Monday (November 14).
From January to October, the amount collectively saved by members with
the agency totaled P66.66 billion – the highest for any 10-month period.
The savings collected so far this year grew 27% from the same period in
2021 and has surpassed all full year figures in the agency’s history
including last year, when it collected P63.67 billion, Pag-IBIG Fund’s best
performing year yet.
“Pag-IBIG Fund has again set another record-high, this time in its members
savings collections. It speaks well of the trust that our members and
stakeholders have in our capability to manage their savings excellently and
prudently. With more funds, Pag-IBIG remains in a strong position to finance
its programs, particularly its home loans, while keeping interest rates on its
loans low. All these are part of our efforts in support of President Ferdinand
Marcos Jr.’s call for providing a better life for all Filipinos,” 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.
Continuing to drive the growth of its members’ savings is the agency’s
voluntary savings program, the Modified Pag-IBIG 2 or MP2 Savings. In the
last 10 months, MP2 Savings amounted to a record-breaking P 33.72
billion or 51% of the total savings collected by the agency during the period.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile,
noted that the MP2 Savings continues to display remarkable growth, as it
posted a 57% increase from the P21.43 billion collected during the same
period last year.
“The dramatic growth of our MP2 Savings started in 2016, when collections
first breached the P1-billion level. We are happy to note that this year is even
more remarkable as the P33.72 billion collectively saved by our members
during the first 10 months of the year has already well surpassed the entire
year’s record-high collection of P25.95 billion in 2021. We thank our
members for their continued trust in Pag-IBIG Fund. And, with only a few
weeks remaining before the year ends, we assure our members that we are doing all that we can to provide them the best return rates on every hard-earned peso they have saved with us. That is our way of providing them. Tapat na Serbisyo, Mula sa Puso,” Acosta added.
