Pag-IBIG Fund eyes at least 15 percent increase in savings under its Modified Pag-IBIG 2 or MP2, according to Acmad Rizaldy Moti, chief executive officer.
At the Stakeholders’ Accomplishment Report of the agency on Friday, Moti said the MP2 Savings could reach at least P30 billion this year.
This after savings in the MP2 in 2021 nearly doubled the P13.29 billion saved by members in 2020, with collections soaring 95 percent to a record-breaking P25.95 billion.
According to Moti, the MP2 has bucked the downward trend experienced by the market, showing a dramatic increase in the last five years.
Members saved more than P63 billion, also a record and a 32-percent increase from the P48.18 billion collected in 2020 and is 26 percent higher compared to P50.38 billion collected in 2019, which was the agency’s best performing year prior to the pandemic.
Forming part of total savings, collections under the Pag-IBIG Regular Savings also increased by 8 percent from P34.9 billion in 2020 to P37.71 billion in 2021.
Pag-IBIG in 2021 also declared a record-high amount of over P31 billion. The final dividend rates are now 5.5 percent for the Pag-IBIG Regular Savings and 6 percent for MP2. – Irma Isip
