Pag-IBIG Fund yesterday reported its performing loan ratio climbed to 89.96 percent as of October exceeding by 1.96 percentage points the 88 percent target set by the agency
Home loan payments hit a record in January to October 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.
“This …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,” said Secretary Jose Rizalino Acuzar, who heads both the Department of Human Settlements and Urban Development and the 11- member Pag-IBIG Fund Board of Trustees.
Marilene Acosta, Pag-IBIG Fund chief executive officer said the PLR as of October is a 10.28 percentage points up from September 2021 figures when the agency’s PLR dipped to 79.68 percent following the effects of the pandemic.
