February 4, 2023

Eureka News

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Pag-IBIG Posts Record Net Profit of P38.06B Jan-Oct 2022; increased by 39%

The Pag-IBIG fund generated record-high income of 38.06 billion pesos from January to October 2022, the agency’s top executives announced on Monday (December 12).

“I am pleased to report that the Pag-IBIG fund continues its strong performance this year. Our net income of P38.06 billion for the first ten months of the year has already surpassed the P34.73 billion we generated for all of 2021. Our performance reflects how well we manage the funds our members have saved with us. This puts us in a strong position to continue providing community services and helping more Filipinos lead better lives, in line with the direction of President Ferdinand Marcos, Jr.,” said Secretary Jose Rizalino L. Acuzar of the Department of Humanity Settlements and Urban Development (DHSUD), who serves as Chairman of the 11-member Board of Trustees of the Pag-IBIG Fund.

Marilene C. Acosta, Chief Executive Officer of the Pag-IBIG Fund, meanwhile, stated that the agency’s total assets are now $810.07 billion will have their best performing year yet. “We thank our members and stakeholders for their unwavering trust and support which has enabled us to win another banner year. From our accredited developers for building and delivering quality housing projects and accounts, to the business community for making their employees’ monthly savings and loan payments timely, to our members who continue to save with us and choose our lending programs, and to our borrowers for the prompt payment of their loans. The sum of all these parts is a stronger Pag-IBIG than ever. We count on their continued support so we can maintain our remarkable growth and help even more Filipino workers improve their lives through savings and home ownership,” said Acosta