Latest news with #JoseRizalinoAcuzar
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
Filipino Times
27-02-2025
- Business
- Filipino Times
Pag-IBIG Fund announces record P55.65B dividend in 2024; Regular savings earn 6.6%, MP2 yields 7.1%
Pag-IBIG Fund declared the highest-ever amount of dividends for its members' savings at the Chairman's Report 2024 held Thursday at the Philippine International Convention Center. For 2024, Pag-IBIG Fund reported ₱55.65 billion in total dividends, marking the largest payout in the agency's 44-year history. As a result, the dividend rates for the Regular Savings climbed to 6.6%, while the agency's popular Modified Pag-IBIG 2 (MP2) Savings rate rose to 7.1%. 'For nearly five decades now, this institution has empowered individuals and families to find, acquire, and build the homes they aspire for—all in a system founded on trust, integrity, and shared opportunity,' President Ferdinand R. Marcos Jr. said in a message. 'This Chairman's Report 2024 stands as proof of how your unwavering commitment has grown the contributions entrusted to your care, enabling every hardworking Filipino to achieve their dream homes. Let us remain steadfast in creating a strong, secure, and inclusive Pag-IBIG Fund that uplifts communities and ensures no Filipino is left behind in this era of Bagong Pilipinas.' Pag-IBIG Fund recorded another banner year, with its 2024 net income reaching ₱67.52 billion—a 36% increase from ₱49.79 billion in 2023. The agency also surpassed the ₱ 1 trillion mark in total assets, closing the year at ₱1.069 trillion, another all-time high. Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees, underscored the agency's outstanding performance and robust financial standing. 'Pag-IBIG Fund has once again marked 2024 as one of its best-performing years, achieving record highs in both total assets and net income. This accomplishment directly benefits our members, as we declared ₱55.65 billion in dividends—equivalent to 82.71% of our net income, exceeding the 70% dividend requirement by law,' Acuzar said. 'With our strong performance, sound investments, and robust finances, we are well-equipped to continue providing our members with responsive benefits, and advance our efforts under the Pambansang Pabahay para sa Pilipino Program, ensuring that more Filipino workers can access affordable homes.' Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta highlighted the agency's record-setting performance in 2024. She noted that Pag-IBIG released ₱129.73 billion in home loans, helping 90,640 members acquire new or better homes. The agency also collected a total of ₱132.81 billion in membership savings—₱73.74 billion of which were voluntarily saved under Upgraded and MP2 Savings—and disbursed ₱70.33 billion in cash loans to assist more than 3.2 million members. 'Truly, when Pag-IBIG Fund performs well, our members benefit the most,' Acosta said. 'We take great pride in our record-high achievements in 2024, which reflect our commitment to helping members achieve their dream of homeownership, find relief in trying times, and save for a brighter future. We remain steadfast in safeguarding our members' contributions and ensuring they yield the best possible returns—because our members deserve nothing less than the highest level of public service and the most prudent stewardship of their hard-earned savings.'
