MANILA - The Home Development Mutual Fund (Pag-IBIG Fund) board of trustees has approved the membership savings dividends of PHP31.79 billion, the highest amount declared in the history of the agency. Department of Human Settlements and Urban Development Secretary Eduardo del Rosario, also the board chair, said Friday the final dividend rate for the Pag-IBIG regular savings is 5.5 percent while it is 6 percent for MP2, of the modified savings program. "Giving higher returns on members' savings is part of our efforts to give the best benefits to our members, especially as they face economic challenges due to the ongoing pandemic while ensuring the Fund's sustainability and stability," del Rosario said in a statement. Pag-IBIG Fund Chief Executive Officer, Acmad Rizaldy Moti, said the high dividend rates were due to a higher dividend payout ratio, as approved by the board. "While the agency is required to give back to members only at least 70 percent of its annual
“Returns for the Pag-IBIG Regular Savings is recommended to be at 5.16% per annum, and the Modified Pag-IBIG 2 Savings to be at 5.66% per annum," the Pag-IBIG chief said.
MANILA - The Home Development Mutual Fund (Pag-IBIG Fund) last year financed PHP100.8 billion worth of housing loans, the highest ever released by the agency in a year despite the continuing Covid-19 pandemic. Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo del Rosario, who also heads the 10-member Pag-IBIG Fund Board of Trustees, said the in-home loan disbursements contributed to the economic recovery efforts of the government. "While the country is still facing challenges caused by the pandemic, I am happy to report that Pag-IBIG released more than PHP100 billion in home loans in 2021, surpassing its best-ever figure which it achieved in 2019, before the health crisis started," del Rosario said in a statement on Friday. Data released by Pag-IBIG Fund showed it released PHP97.28 billion worth of home loans, with interim releases for loans for house construction and renovation amounting to PHP3.5 billion. The amount disbursed in 2021 significan
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