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Pag-IBIG Fund home loan payments reach P57.6 billion, up 30%; PLR climbs to 89.96%

BULGAR
Nov 28, 2022

by Info - @Brand Zone | November 28, 2022

Driven by the strong collection of home loan payments in the last 10 months, Pag-IBIG Fund’s performing loans ratio climbed to 89.96% in October, exceeding the agency’s yearend target by 196 basis points, top executives announced Monday (28 November).

From January to October, home loan payments amounted to P57.58 billion, a double-digit increase of 30 percent, or P13.31 billion higher than the P44.27 billion collected in the same period last year. The amount is a record high in terms of home loan payments collected by the agency for any January to October period.

“We are happy to report that the amount of home loan payments we have collected so far this year is the highest in our history. This is good news as it reflects the continued recovery of our borrowers from the financial difficulties caused by the pandemic. Our strong collections is key in maintaining our financial sustainability, as the amount we collect are ploughed back to our housing portfolio so that more members can avail of affordable home loans from Pag-IBIG Fund. This is one of our ways of heeding President Ferdinand Marcos, Jr.’s call in solving the country’s housing backlog within the next six years,” said Secretary Jose Rizalino L. Acuzar, who heads both the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta added that because of its record-high collections, the agency has exceeded its yearend target on its performing loans ratio (PLR) earlier than projected.

As of October, Pag-IBIG Fund’s PLR stood at 89.96% surpassing its yearend target of 88%, while gaining 1,028 basis points from September 2021 figures when the agency’s PLR dipped to 79.68% following the effects of the pandemic.

“We thank our members for their efforts in fulfilling their payment obligations on their Pag-IBIG Housing Loans. It shows their growing appreciation that their on-time payments allow us to continue financing the loans of other members who wish to secure housing loans of their own. And, as we all continue to recover from the pandemic, we shall keep working hard to maintain our collections strong and our PLR high.These would allow us to not only address the loan needs of our members, but to also keep our interest rates low despite the upward market trend.These are all part of our Lingkod Pag-IBIG commitment to provide accessible and affordable home loans for each Filipino worker,” Acosta added.

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Maaaring bisitahin ang official website ng Pag-IBIG sa w ww.pagibigfund.gov.ph o tumawag sa numerong 8-724-4244 ( 8-Pag-IBIG ).

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Ipon ng mga miyembro ng Pag-IBIG Fund, umabot na sa P33 bilyon

BULGAR
Nov 17, 2022

ni Fely Ng - @Bulgarific | November 17, 2022

Hello, Bulgarians! Inihayag ng mga opisyal ng Pag-IBIG Fund noong Lunes (Nobyembre 14), na nakaipon ang mga miyembro nito ng higit sa P66 bilyon sa nakalipas na 10 buwan, mula Enero hanggang Oktubre at sinira ang rekord para sa lahat ng naunang bilang ng buong taon. Ang mga ipon na nakolekta ngayon sa taong ito ay lumago ng 27% mula sa parehong panahon noong 2021 at nalampasan ang buong taon sa kasaysayan ng ahensya kabilang ang nakaraang taon, nang makakolekta ito ng P63.67 bilyon,

“Pag-IBIG Fund has again set another record-high, this time in its members savings collections. It speaks well of the trust that our members and stakeholders have in our capability to manage their savings excellently and prudently. With more funds, Pag-IBIG remains in a strong position to finance its programs, particularly its home loans, while keeping interest rates on its loans low. All these are part of our efforts in support of President Ferdinand Marcos Jr.’s call for providing a better life for all Filipinos,” pahayag ni Secretary Jose Rizalino L. Acuzar, namumuno sa Department of Human Settlements and Urban Development (DHSUD) at sa 11-member Pag-IBIG Fund Board of Trustees.

Samantala, sinabi ni Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta na ang MP2 Savings ay patuloy na nagpapakita ng kapansin-pansing paglago, dahil nagtala ito ng 57% na pagtaas mula sa P21.43 bilyon na nakolekta sa parehong panahon noong nakaraang taon.

“The dramatic growth of our MP2 Savings started in 2016, when collections first breached the P1-billion level. We are happy to note that this year is even more remarkable as the P33.72 billion collectively saved by our members during the first 10 months of the year has already well surpassed the entire year’s record-high collection of P25.95 billion in 2021. We thank our members for their continued trust in Pag-IBIG Fund. And, with only a few weeks remaining before the year ends, we assure our members that we are doing all that we can to provide them the best return rates on every hard-earned peso they have saved with us. That is our way of providing them Tapat na Serbisyo, Mula sa Puso,” dagdag ni Acosta.

Para sa anumang impormasyon, opinyon, isyu o maging imbitasyon, mag-e-mail sa bulgarific@gmail.com o sumulat kay Ms. Bulgarific at ipadala sa Bulgar Bldg., 538 Quezon Avenue, Quezon City.

Pag-IBIG Members save record-high P66.66B in Jan-Oct, up 27%; MP2 Savings surpass P33B, up 57%

BULGAR
Nov 15, 2022

by Info - @Brand Zone | November 15, 2022

Pag-IBIG Fund members have saved more than P66 billion in the last 10 months, breaking yet another record for the period and exceeding all prior full year figures, top agency officials announced on Monday (November 14).

From January to October, the amount collectively saved by members with the agency totaled P66.66 billion – the highest for any 10-month period. The savings collected so far this year grew 27% from the same period in 2021 and has surpassed all full year figures in the agency’s history including last year, when it collected P63.67 billion, Pag-IBIG Fund’s best performing year yet.

“Pag-IBIG Fund has again set another record-high, this time in its members savings collections. It speaks well of the trust that our members and stakeholders have in our capability to manage their savings excellently and prudently. With more funds, Pag-IBIG remains in a strong position to finance its programs, particularly its home loans, while keeping interest rates on its loans low. All these are part of our efforts in support of President Ferdinand Marcos Jr.’s call for providing a better life for all Filipinos,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Continuing to drive the growth of its members’ savings is the agency’s voluntary savings program, the Modified Pag-IBIG 2 or MP2 Savings. In the last 10 months, MP2 Savings amounted to a record-breaking P 33.72 billion or 51% of the total savings collected by the agency during the period.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the MP2 Savings continues to display remarkable growth, as it posted a 57% increase from the P21.43 billion collected during the same period last year.