Pag-IBIG Fund
recognized top employers
and developers in Mindanao as it held the first of
its series of Stakeholder
Accomplishment Reports
(StAR) in Davao City on
Thursday (13 April 2023).
The Pag-IBIG
StAR follows the Pag-IBIG
Fund Chairman’s Report
held by the agency in Pasay City in March this year,
and is conducted by the
agency to apprise stakeholders in each of the
country’s major regions of
its accomplishments and
recognize them for their
support. Pag-IBIG Fund
awarded its top ten developers, top collection agencies and top government
and private employers
during the event.
“Pag-IBIG Fund
achieved its best-performing year in 2022 as our
net income, membership
savings, loan releases,
and payment collections
reached record-highs.
These were made possible mainly because of the
unwavering support from
our partner employers and
developers. We conduct
the Pag-IBIG StAR to recognize their efforts and to
continue building on our
good business relationship, so that we can all
work together in heeding
the call of President Ferdinand Marcos, Jr. to uplift
the lives of every Filipino
worker,” said Secretary
Jose Rizalino L. Acuzar,
who heads the Department of Human Settlements and Urban Development (DHSUD) and
the 11-member Pag-IBIG
Fund Board of Trustees.
Pag-IBIG Fund
posted its best performing
year in 2022 as the agency’s net income reached
a record high P44.50 billion, a 28% increase from
the P34.69 billion the year
prior. The agency also
reported several record
high figures for the year,
with home loans reaching P117.85 billion; total membership savings
collected amounting to
P79.90 billion and loan
payments amounting to
P127.42 billion. Pag-IBIG
Fund also assisted the
highest number of members with 105,212 securing new homes from its
housing loan programs
and over 2.61 million aid
ed through its short-term
loans. The agency ended
the year with total assets
at its highest, amounting
to P827.40 billion.
Pag-IBIG Fund
Chief Executive Officer Marilene C. Acosta,
meanwhile, noted that
the agency continues its
strong performance for
the first two months of the
year, posting year-on-year
growths on membership
savings collections, housing loan takeout and loan
payments.
“We are happy to
report that we have sustained the momentum of
our banner year in 2022 to
begin the year. We thank
our stakeholders here in
Mindanao, namely the
business community for
the timely remittance of
their employees’ monthly savings and loan payments, our partner developers in building and
delivering quality housing
projects and accounts, our
members who continue to
save with us and choose
our loan programs, and
our borrowers for their
prompt payment on their
loan obligations. All these
enable us to sustain our
growth and record-high
achievements,” Acosta
said.
