THE Home Mutual Development Fund, commonly referred to as Pag-Ibig Fund, recorded several milestones in its 42 years of establishment. Marilene C. Acosta, president and CEO of the Pag-Ibig (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund said that HMDF posted an annual net income of P44.5 in 2022,…
March 04, 2021 PAG-IBIG Fund posted a net income of over P30 billion in 2020 for the fourth consecutive year despite the economic slowdown caused by the pandemic, its top executives announced during the 2020 Pag-Ibig Fund Chairman’s Report held online Wednesday, March 3, 2021.
“I’m happy to report that our net income reached P31.18 billion last year, marking the fourth consecutive year that Pag-Ibig Fund’s net income surpassed the P30-billion mark. Pag-Ibig Fund’s strong showing despite the pandemic is a testament of how well the Filipino workers’ fund is managed. And, as we continue to support the call of President Rodrigo Duterte for government agencies to provide more social benefits to more Filipinos, we are giving back P29.40 billion, around 94 percent of our net income, to members in the form of dividends,” said Secretary Eduardo D. del Rosario who heads the Department of Human Settlements and Urban Development and the 11-member Pag-Ibig Fund Board