Pag-IBIG members save record-high P38.82B in H1 2022, up 23%; MP2 surges to P19.40B up 47%

Pag-IBIG Fund members collectively saved P38.82 billion within the first six months of the 12 months, a rise of P7.23 billion or 23% in comparison with the P31.59 billion collected throughout the identical interval final 12 months. This set a document for the very best quantity saved by members with the company for any January to June interval.

“I’m blissful to notice Pag-IBIG Fund’s wonderful efficiency in its members’ financial savings collections. Our robust collections imply that we’ve funds to finance our applications and proceed offering reasonably priced house and money loans for our members. That is our contribution to the decision of President Ferdinand R. Marcos, Jr. to resolve the nation’s housing backlog and supply a greater life for Filipinos,” stated Secretary Jose Rizalino L. Acuzar, who heads the Division of Human Settlements and City Growth (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Driving the double-digit progress is the persevering with recognition of the company’s voluntary Modified Pag-IBIG 2 (MP2) Financial savings. MP2 Financial savings amounted to a record-high P19.40 billion within the first half of the 12 months, rising 47% from the P13.23 billion collected throughout the identical interval final 12 months.

Pag-IBIG Fund Chief Government Officer Acmad Rizaldy Moti, in the meantime, attributes the company’s record-high collections to the belief of members in preferring to avoid wasting with Pag-IBIG Fund, and the assist of the enterprise neighborhood for the correct and on-time remittance of their staff’ Pag-IBIG Financial savings.

“The continued progress of our members’ financial savings is really exceptional. We’re grateful to the enterprise neighborhood for responsibly remitting the Pag-IBIG contributions of their staff on time, and to our members for his or her continued belief in saving with Pag-IBIG, notably within the MP2 Financial savings. Ought to the upward pattern in our collections maintain, we anticipate one other record-high when it comes to whole members’ financial savings by the top of the 12 months. Extra importantly, with our strong fiscal place, we’re assured that we are able to proceed to finance the growing demand for our loans whereas maintaining rates of interest low. That is certainly one of our methods of bringing Tapat na Serbisyo, Mula sa Puso to our members,” Moti stated.

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