Pag-IBIG Fund net income up 11% in first quarter

MANILA, Philippines — Home Development Mutual Fund or the Pag-IBIG Fund reported an 11-percent increase in its net income in the first quarter, buoyed by robust collections and steady earnings from loans and investment portfolios.

In a statement, the fund said the double-digit increase pushed its net income to P16.77 billion in the January to March period, from P15.01 billion in the same period last year.

Pag-IBIG Fund attributed this to robust collections and steady earnings from its housing loan, short-term loan and investment portfolios.

Higher investment returns also boosted earnings, with investment income up by 51 percent year-on-year to P3.03 billion from P2.01 billion in the first quarter last year.

“Our strong fiscal standing allows us to sustain our subsidized housing loan rates under the 4PH (Expanded Pambansang Pabahay para sa Pilipino Program) Program, including the three percent rate for qualified socialized housing borrowers,” Pag-IBIG Fund CEO Marilene Acosta said.

The fund earlier announced that it would maintain its annual interest rate for qualified socialized housing loans under the government’s 4PH program amid the ongoing Middle East crisis.

Department of Human Settlements and Urban Development Secretary and Pag-IBIG Fund Board of Trustees chair Jose Ramon Aliling said the first quarter performance showed that the agency remains strong, stable and ready to support President Marcos’ directive to make housing affordable and accessible.

Total assets also picked up by three percent to P1.28 trillion at the end of March from P1.23 trillion recorded at year-end 2025.

Acosta said the agency’s strong asset base and fiscal standing allow it to continue extending members with competitive savings returns and affordable home financing.