Pag-IBIG Fund members have saved more than P66 billion in the last 10 months, — the highest for any 10-month period and surpassing 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.
The savings collected so far this year represented a 27 percent growth from the same period in 2021.
“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,” said Secretary Jose Rizalino Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.
The Fund said the agency’s voluntary savings program, the Modified Pag-IBIG 2 or MP2 Savings, continues to ontinuing to drive the growth of its members’ savings.
In the last 10 months, MP2 Savings amounted to a record-breaking P33.72 billion or 51 percent of the total savings collected by the agency during the period.
Marilene Acosta, Pag-IBIG Fund chief executive officer, said the MP2 Savings posted a 57 percent increase from the P21.43 billion collected during the same period last year.
The dramatic growth of MP2 Savings started in 2016, when collections first breached the P1-billion level.
