Latest news with #HomeDevelopmentMutualFund
GMA Network
27-05-2025
- Business
- GMA Network
Pag-IBIG Fund says assets grew to P1.1T as of end-March 2025
The Home Development Mutual Fund or Pag-IBIG Fund on Tuesday said its total assets surged to P1.1 trillion as of the end of March 2025. In a news release, Pag-IBIG said its asset growth underscores its 'continued financial strength" which "reaffirms its position among the country's leading government financial institutions.' The Fund's assets grew by P34.27 billion from P1.069 trillion as of the end of 2024, on the back of sustained expansion of its loan portfolio, prudent investments, and robust member savings. Pag-IBIG said it booked an equity base of P776.52 billion in the first quarter, which represents the combined value of members' equity, retained earnings, and other reserves. It added that its strong financial footing enables the agency to steadily grow the value of its members' savings while continuing to provide accessible loan programs to its 16.55 million active members. Moreover, Pag-IBIG said it maintained P21.29 billion in cash and cash equivalents and expanded its investment portfolio to P133.06 billion, 'demonstrating its strategic focus on liquidity and income-generating placements.' It said that its other major asset components include property and equipment, investment properties, and various non-current assets, all pointing to a well-diversified and resilient financial structure. In the first quarter of 2025 alone, Pag-IBIG said it disbursed P30.22 billion in housing loans, while total membership savings collections reached P40.4 billion, a 41% increase from the P28.76 billion collected during the same period last year. The Fund added it also saw a strong performing loans ratio of 94.13%, 'reflecting sound portfolio management and sustained borrower discipline.' —VAL, GMA Integrated News
GMA Network
22-05-2025
- Business
- GMA Network
Pag-IBIG: P30.22B in home loans released in Q1 2025
The Home Development Mutual Fund or Pag-IBIG Fund said Thursday it has released P30.22 billion in home loans in the first quarter of 2025. In a news release, Pag-IBIG said the amount was 8% higher or over P2 billion more than the P28.09 billion in housing loans disbursed during the same period in 2024. Loan releases in the January to March period also helped finance 20,315 Pag-IBIG members' acquisition of their own homes. "The strong performance of Pag-IBIG Fund in the first quarter underscores its continued commitment to providing affordable housing opportunities for Filipino families," said Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees. "As we sustain progress in home financing alongside the growing momentum of the Pambansang Pabahay para sa Pilipino (4PH) Program, we heed President Ferdinand R. Marcos Jr.'s call to uplift the lives of our fellow Filipinos by ensuring access to dignified shelter," said Acuzar. Pag-IBIG Fund CEO Marilene C. Acosta, meanwhile, also highlighted Pag-IBIG's vital support for the government's flagship 4PH Program—through which the agency provides financing to developers, contractors and local government units to build housing projects, as well as to individual buyers of 4PH units. In the first quarter alone, the agency said it released P987.91 million under the program, benefiting 669 members and their families who now own homes. "We are grateful to our members and stakeholders for their continued trust and support in our programs," said Acosta. "Our performance in the home loan front demonstrates not only our financial strength, but also our unwavering commitment to make homeownership more accessible for Filipino workers. Pag-IBIG Fund remains focused on providing affordable and reliable housing programs that help build stable and dignified lives for our members," added the Pag-IBIG chief. — VDV, GMA Integrated News
