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FYI! 👇👇👇Pag-IBIG RELEASES RECORD HIGH P37B IN HOUSING LOANS IN H1, UP 13% YEAR-ON-YEARPag-IBIG Fund released P37.07 bill...
05/07/2019

FYI! 👇👇👇

Pag-IBIG RELEASES RECORD HIGH P37B IN HOUSING LOANS IN H1, UP 13% YEAR-ON-YEAR

Pag-IBIG Fund released P37.07 billion in home loans in the first half of 2019, an increase of P4.37 billion or 13 percent compared to the P32.70 billion released during the same period in 2018. This is the highest ever amount released by the agency for any January to June period.

The amount financed the acquisition and construction of 41,746 homes for Pag-IBIG Fund members, also a record-high for the first half of the year, and is 4 percent higher than the 40,094 homes financed during the same period last year.

"Pag-IBIG Fund's performance in the first six months of 2019 stands out as the best so far. Bigger loan releases and increasing number of borrowers mean that more and more Filipino workers are being helped by Pag-IBIG Fund achieve their dreams of homeownership. This is why Pag-IBIG Fund remains as a major player in President Rodrigo Roa Duterte's drive to uplift the lives of Filipino families through sustainable social development programs and access to decent and affordable housing," said Secretary Eduardo D. del Rosario, who heads both the Housing and Urban Development Coordinating Council (HUDCC) and the Pag-IBIG Fund Board of Trustees.

Del Rosario further stated that of the total amount, P4.52 billion were released for socialized housing loans benefitting 11,894 members from the minimum-wage and low income sectors.

“In 2018, we achieved our best year yet. Demand for our home loans last year was at its highest as the amount released for the whole year increased 16 percent to P75.31 billion while the number of borrowers rose 12 percent to 90,375. We are thankful because with the unending support of our members and industry partners, the double digit growth continues for the first half of 2019,” said Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti.

Moti added that the continued demand for the agency’s home loans can be attributed to its lowest-ever interest rates, high loan-to-appraised value ratio, long repayment period and much improved insurance terms.

In total, Pag-IBIG Fund home loans from January to June this year totaled P58.77 billion to finance homes for 52,257 members. This includes the amount released and P21.7 billion pending for takeout to 10,511 members. These pending for takeout are approved home loan applications, the proceeds of which are ready for release upon submission by borrowers of post-approval requirements.

FYI !
26/06/2019

FYI !




Pag-IBIG Fund has earned a 7th consecutive highest opinion from state auditors, setting yet another record in the Fund’s...
13/06/2019

Pag-IBIG Fund has earned a 7th consecutive highest opinion from state auditors, setting yet another record in the Fund’s 38-year history.

In June, the Commission on Audit (COA) transmitted a copy of the results of the audit of the accounts and transactions of Pag-IBIG Fund for the year 2018. State auditors gave Pag-IBIG Fund an unmodified opinion, which is the best opinion that a government agency or corporation can receive from COA.

“The Auditor rendered an unmodified opinion on the fairness of the presentation of the financial statements of HDMF (Home Development Mutual Fund) for the years ended December 31, 2018 and 2017,” read the letter of Director Ma. Lisa P. Inguillo, officer-in-charge of COA’s Social Security Services and Housing Cluster.

“For the seventh consecutive year, COA has granted on Pag-IBIG Fund its highest opinion on our financial statements. This milestone is yet another proof that Pag-IBIG Fund is working hard to serve our members while maintaining the integrity and sustainability of the Filipino workers’ fund which is in line with President Rodrigo Roa Duterte’s directive for all government offices to maintain a corrupt-free operation in serving the people,” said Secretary Eduardo D. del Rosario, concurrent Chairman of the Housing and Urban Development Coordinating Council and Pag-IBIG Fund Board of Trustees.

From 2012 to 2017, COA has rendered unqualified opinions on Pag-IBIG Fund’s financial statements and an unmodified opinion for the year 2018. Auditors use both the unqualified opinion and unmodified opinion to mean that the financial statements of a company or agency are presented, in all material respects, in accordance with applicable financial reporting frameworks.

“Pag-IBIG Fund had a record-breaking year in 2018! We posted record-highs in net income amounting to P33.17 billion, housing loan takeout worth P75.3 billion which benefitted 90,375 members, short-term loans totaling P49.23 billion which aided 2.43 million members, and members’ savings collections of P40.27 billion. Achieving record feats and earning yet another highest recognition from COA truly makes 2018 our best-year ever,” said Pag-IBIG Fund CEO Acmad Rizaldy P. Moti.

Happy Philippine Independence Day!
12/06/2019

Happy Philippine Independence Day!

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06/05/2019

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04/05/2019

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Long Weekend 2019!
02/05/2019

Long Weekend 2019!




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29/04/2019

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27/04/2019

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