Pag-IBIG Fund reports 2017 record feat

MANILA, Philippines — Pag-IBIG Fund yesterday told its stakeholders and partner-developers in the National Capital Region (NCR) of its record-breaking 2017 accomplishments during a forum held in Makati City.

Deputy CEO Marilene Acosta reported the 2017 home loan accomplishments, with NCR contributing the biggest share in the corporation’s total housing loan takeout value at P27.7 billion or 42.5 percent of the record-breaking total P65.1 billion takeout value in 2017. This translates to 40,815 units built or purchased in 2017 in NCR out of the total 80,964 units built nationwide.   

Pag-IBIG CEO Acmad Rizaldy Moti also presented the 2017 record-breaking operational highlights that include the highest ever gross income of P43.33 billion, record-high net income of P30.27 billion, first-ever P27.29 billion declared dividends and the highest ever dividend rate of 7.61 percent.

“This is our gift to our 17.65 million members, the owners of the fund. Because of their faithful contributions and availment of our programs, Pag-IBIG Fund is now a P488.74 billion corporation, with a total of P36 billion in members’ savings. As a result, we were able to raise the dividend rate to 7.61 percent, the highest so far in the fund’s history,” Moti added.

Pag-IBIG Fund also recognized its top 10 partner developers in NCR in terms of take-out value. Income generated from housing-related assets is the Fund’s top income driver, contributing 52 percent of the Fund’s gross income for the year.