Pag-IBIG Fund achieved milestones in the first four months of the year as members
availed of its voluntary savings program and housing loan program in record
numbers despite the ongoing health crisis, top officials of the agency said on Friday, June 4.
From January to April, members’ savings under the voluntary Modified Pag-IBIG 2
(MP2) Savings program reached P8.65 billion. On the other hand, home loans
released during the period amounted to P27.39 billion, helping 27,041 members
realize their dream of homeownership.
“We are happy to report that we were able to achieve two ‘highest-ever’ numbers early
on in 2021. The strong showing of our MP2 and housing loan programs is a
testament to the trust of Filipino workers in Pag-IBIG Fund. Our members can rest
assured that we will continue doing our best, so that we can provide them high
earnings on their savings while maintaining the low interest on our loans. These are
our contributions to the national government’s efforts towards economic recovery
under the lead of President Duterte,” said Secretary Eduardo D. del Rosario of the
Department of Human Settlements and Urban Development (DHSUD) who also
chairs the 11-member Pag-IBIG Fund Board of Trustees.
In 2020, members saved P13.3 billion in MP2, growing 11% from the previous year
and setting the record for the highest amount saved in one year. Pag-IBIG Fund’s
home loans also reached a record-high in December last year when the agency
released P12.11 billion, which is the highest amount disbursed in a single month.
Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti expressed optimism
that the agency’s strong performance will continue throughout the year, especially as
restrictions are being eased to help the economy. He noted that the phenomenal
performance of its MP2 last year and the increasing amount of home loans released
in the last quarter of 2020 continued until the beginning months of 2021.
He said that even amid the ongoing health crisis, MP2 Savings collections in January to April grew 81% while home loan releases rose 64% compared to the same period in 2020.
“Even with the ongoing pandemic, the amount of home loans released and MP2
Savings collections for the first four months of 2021 are not only record-highs but
are higher than what we achieved during the same period in 2019, prior to the
pandemic. In the case of our MP2 alone, the amount our members voluntarily saved
from January to April this year is already equivalent to two-thirds or 65% of the
amount saved in MP2 for the whole year of 2020. We thank our members for their
continued trust in Pag-IBIG Fund and in choosing to rely on us for their home
financing and savings needs. These give us hope that, barring another black swan
event, we are on our way to another best year in fulfilling our mandates to Filipino
workers here and abroad,” said Moti. –rir
