Latest news with #Pag-IBIGFund
Filipino Times
3 days ago
- Business
- Filipino Times
Pag-IBIG Fund continues to grow members' savings as investment income climbs 50%
Pag-IBIG Fund recorded a 50% increase in investment income in the first four months of 2025, reflecting its prudent financial stewardship and growing capacity to support members' savings and housing needs. The development affirms the agency's key role in advancing the Marcos administration's agenda of strengthening government financial institutions and improving the lives of Filipino workers through responsive social benefits. From January to April 2025, the agency earned ₱2.73 billion in investment income alone—significantly higher than the ₱1.81 billion posted during the same period in 2024—driven by strategic placements in bonds and other debt securities, money market instruments, equities, and investment properties. Chief Executive Officer Marilene C. Acosta highlighted that the agency's investment portfolio stood at ₱158.15 billion as of April 2025, reflecting a 42% year-on-year increase from ₱111.39 billion in April 2024. She noted that this growth forms part of Pag-IBIG Fund's sound and strategic allocation of its more than ₱1.11 trillion in total assets—a milestone the agency reached earlier this month. Based on the latest available data, Pag-IBIG Fund's earning assets have reached ₱1.09 trillion, consisting of ₱856.96 billion in housing-related assets, ₱77.94 billion in short-term loans, and ₱158.12 billion in income-generating investments. The remaining ₱20 million accounts for other assets, including property and equipment, cash, and intangible assets. 'Our investments play a vital role in providing our members with the best possible returns,' Acosta said. 'We begin by meeting our housing investment requirement to help more Filipinos own homes through affordable financing. We also maintain adequate funding for our short-term loans, ensuring members have access to immediate financial assistance. Remaining investible funds are placed in secure instruments that deliver competitive returns while preserving liquidity for members' claims. Through this balanced, disciplined approach—anchored on the strategic allocation of our resources to housing, short-term lending, and investments—we fulfill our mission to safeguard our members' trust and deliver meaningful benefits, the Lingkod Pag-IBIG way.' Meanwhile, the agency also formally welcomed Secretary Jose Ramon P. Aliling this week as the newly appointed Chairperson of its 11-member Board of Trustees. His leadership is expected to further guide Pag-IBIG Fund's strategic direction in line with the Marcos administration's housing and institutional development agenda.
Filipino Times
24-05-2025
- Business
- Filipino Times
Pag-IBIG Fund assets reach ₱1.1 trillion as of Q1 2025
Pag-IBIG Fund's total assets surged past the ₱1.1 trillion mark as of March 31, 2025, underscoring its continued financial strength and reaffirming its position among the country's leading government financial institutions. From ₱1.069 trillion at the end of 2024, total assets grew by ₱34.37 billion in just the first quarter of the year—driven by the sustained expansion of its loan portfolio, prudent investments, and robust member savings. Pag-IBIG Fund posted a solid equity base of ₱776.52 billion as of the first quarter, representing the combined value of members' equity, retained earnings, and other reserves. This 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. Complementing its equity position, the Fund maintained ₱21.29 billion in cash and cash equivalents and expanded its investment portfolio to ₱133.06 billion—demonstrating its strategic focus on liquidity and income-generating placements. 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. Earlier this month, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta reiterated the agency's 10-year vision: to declare at least 10% in annual dividends, expand digital access, and advance financial inclusion for underserved sectors. The long-term strategy also includes strengthening the Fund's sustainability and enhancing its role in nation-building through inclusive home financing—fully aligned with President Ferdinand R. Marcos Jr.'s directive to improve the quality of life of every Filipino through access to affordable and dignified shelter. In the first quarter of 2025 alone, Pag-IBIG Fund disbursed ₱30.22 billion in housing loans, while total membership savings collections reached ₱40.41 billion—an impressive 41% increase from the ₱28.76 billion collected during the same period last year. The Fund also reported a strong performing loans ratio of 94.13%, reflecting sound portfolio management and sustained borrower discipline.
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
21-05-2025
- Business
- Filipino Times
Pag-IBIG Fund Home Loan releases reach P30B in first quarter of 2025
Pag-IBIG Fund released P30.22 billion in home loans from January to March 2025, an 8 percent increase—or more than P2 billion higher—than the P28.09 billion disbursed during the same period in 2024, officials announced Wednesday, May 21. '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 L. Acuzar, who also 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.' Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, said the loan releases helped 20,315 members acquire their own homes during the first three months of the year. Acosta also highlighted Pag-IBIG Fund'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 released P987.91 million under the program, benefitting 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,' Acosta said. '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.'
Filipino Times
02-05-2025
- Business
- Filipino Times
Pag-IBIG Fund, NHA, SHFC partner to build nearly 8,000 homes under 4PH program
The Pag-IBIG Fund, National Housing Authority (NHA) and the Social Housing Finance Corporation (SHFC) signed an agreement on Labor Day to construct almost 8,000 housing units in major cities as part of the government's flagship Pambansang Pabahay para sa Pilipino or 4PH Program. Under the agreements, Pag-IBIG Fund will provide project financing to support the construction of housing developments by NHA and SHFC in strategic locations in Valenzuela City, San Fernando, Pampanga, Davao City and Manila. 'We are happy to report that the Pag-IBIG Fund, NHA and SHFC continue to forge strong partnerships in support of the 4PH Program's goal of providing quality yet affordable homes, especially to underserved families,' said Secretary Jose Rizalino L. Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees and heads the Department of Human Settlements and Urban Development (DHSUD). 'In line with President Ferdinand Marcos Jr.'s directive to close the country's housing gap, the DHSUD's key shelter agencies remain united in our mission to ensure that every Filipino family has access to decent and affordable housing.' The new housing projects include a medium-rise condominium with 372 units in Valenzuela City through NHA, as well as mid- and high-rise developments through SHFC: 3,440 units in San Fernando, Pampanga; 1,200 units in Calinan District, Davao City; 2,135 units in Tondo, Manila; and 425 units in Sta. Mesa, Manila. All these projects will be financed through Pag-IBIG Fund's Direct Developmental Loan Program, a facility specially designed by the agency to support the implementation of the 4PH Program. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the agency is fully aligned with the administration's housing vision and emphasized Pag-IBIG Fund's role in both institutional and individual housing financing. 'This initiative is part of our unwavering commitment to uplift the lives of Filipino workers by providing them with access to safe, decent, and affordable homes,' Acosta said. 'Through our continued collaboration with NHA and SHFC, we are helping build inclusive communities and contribute to the broader goal of national development.' Through its partnership with shelter agencies, Pag-IBIG Fund will not only finance the construction of these projects but also offer end-user housing loans under affordable terms for eligible beneficiaries in line with 4PH guidelines.
