Pag-IBIG Fund said it has declared its highest-ever amount of dividends for members’ savings in 2024.
In a statement quoting the Chairman’s Report 2024 in Manila on Thursday, the Fund said it declared P55.65 billion in total dividends last year.
Pag-IBIG said the dividend rates for the Regular Savings climbed to 6.6 percent, while the voluntary Modified Pag-IBIG 2 (MP2) Savings rate rose to 7.1 percent.
In February 2024, the Pag-IBIG Fund said in a statement the dividend rate for Regular Savings was 6.55 percent while rate for the MP2 Savings was 7.05 percent.
In yesterday’s statement, Pag-IBIG Fund said its total assets surpassed P1 trillion for the first time in 2024, closing the year at P1.069 trillion, another all-time high.
It said 2024 was another banner year for its net income, reaching P67.52 billion – a 36 percent increase from P49.79 billion in 2023.
“This accomplishment directly benefits our members, as we declared P55.65 billion in dividends –equivalent to 82.71 percent of our net income, exceeding the 70 percent dividend requirement by law,” said the Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees.
Pag-IBIG also said it released P129.73 billion in home loans, helping 90,640 members acquire new or better homes.
The Fund also collected a total of P132.81 billion in membership savings, P73.74 billion of which were voluntarily saved under the Upgraded and MP2 Savings, and disbursed P70.33 billion in cash loans to assist more than 3.2 million members.
“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 as quoted in the Pag-IBIG Fund statement.
“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.”
