Pag-IBIG bares record P55.65B dividend
(UPDATE) THE highest-ever amount of dividends for its members' savings has been recorded in 2024 at P55.65 billion, the Pag-IBIG Fund said Thursday. During a Chairman's Report held at the Philippine International Convention Center, Pag-IBIG said it marked the largest payout in the agency's 44-year history with the dividend rates for the regular savings climbing to 6.6 percent and its popular modified Pag-IBIG 2 (MP2) savings rate rising to 7.1 percent. President Ferdinand Marcos Jr. said in a message that for nearly five decades, the 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." "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," Marcos said. Housing Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund board of trustees, said it recorded another banner year, with its 2024 net income reaching P67.52 billion — a 36-percent increase from P49.79 billion in 2023. It also surpassed the P1-trillion mark in total assets, closing the year at P1.069 trillion, another all-time high, Azucar said. "Pag-IBIG Fund has once again marked 2024 as one of its best-performing years, achieving record highs in both total assets and net income," Acuzar said in a statement emailed to The Manila Times. He said the accomplishment directly benefits its members with its declared P55.65 billion in dividends — equivalent to 82.71 percent of the net income, exceeding the 70-percent dividend requirement by law. "With our strong performance, sound investments and robust finances, we are well-equipped to continue providing our members with responsive benefits and advance our efforts under the 'Pambansang Pabahay para sa Pilipino' program, ensuring that more Filipino workers can access affordable homes," the housing czar said. Pag-IBIG Fund Chief Executive Officer Marilene Acosta, meanwhile, pointed to the agency's record-setting performance in 2024. With a total of 90,640 members who were able to acquire new or better homes, Acosta said Pag-IBIG has released P129.73 billion in home loans. A total of P132.81 billion in membership savings has also been collected, P73.74 billion of which was voluntarily saved under Upgraded and MP2 savings — and disbursed P70.33 billion in cash loans to assist more than 3.2 million members. "Truly, when Pag-IBIG Fund performs well, our members benefit the most," Acosta said. She said the agency took pride in its record-high achievements in 2024, which reflected its commitment to helping members achieve their dream of homeownership, find relief in trying times and save for a brighter future.
Tomas Kauer - Moderator 
(UPDATE) THE highest-ever amount of dividends for its members' savings has been recorded in 2024 at P55.65 billion, the Pag-IBIG Fund said Thursday.
During a Chairman's Report held at the Philippine International Convention Center, Pag-IBIG said it marked the largest payout in the agency's 44-year history with the dividend rates for the regular savings climbing to 6.6 percent and its popular modified Pag-IBIG 2 (MP2) savings rate rising to 7.1 percent.
President Ferdinand Marcos Jr. said in a message that for nearly five decades, the 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."
"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," Marcos said.
Housing Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund board of trustees, said it recorded another banner year, with its 2024 net income reaching P67.52 billion — a 36-percent increase from P49.79 billion in 2023.
It also surpassed the P1-trillion mark in total assets, closing the year at P1.069 trillion, another all-time high, Azucar said.
"Pag-IBIG Fund has once again marked 2024 as one of its best-performing years, achieving record highs in both total assets and net income," Acuzar said in a statement emailed to The Manila Times.
He said the accomplishment directly benefits its members with its declared P55.65 billion in dividends — equivalent to 82.71 percent of the net income, exceeding the 70-percent dividend requirement by law.
"With our strong performance, sound investments and robust finances, we are well-equipped to continue providing our members with responsive benefits and advance our efforts under the 'Pambansang Pabahay para sa Pilipino' program, ensuring that more Filipino workers can access affordable homes," the housing czar said.
Pag-IBIG Fund Chief Executive Officer Marilene Acosta, meanwhile, pointed to the agency's record-setting performance in 2024.
With a total of 90,640 members who were able to acquire new or better homes, Acosta said Pag-IBIG has released P129.73 billion in home loans.
A total of P132.81 billion in membership savings has also been collected, P73.74 billion of which was voluntarily saved under Upgraded and MP2 savings — and disbursed P70.33 billion in cash loans to assist more than 3.2 million members.
"Truly, when Pag-IBIG Fund performs well, our members benefit the most," Acosta said.
She said the agency took pride in its record-high achievements in 2024, which reflected its commitment to helping members achieve their dream of homeownership, find relief in trying times and save for a brighter future.
