27-05-2025
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
