Dividend Rates for P1: 6.53% and MP2: 7.03%

PBBM lauds highest Pag-IBIG dividend rates since pandemic: 6.53% for Regular Savings, 7.03% for MP2

President Ferdinand R. Marcos Jr. lauded Pag-IBIG Fund’s highest dividend rates since the Covid-19 pandemic, as its Regular Savings dividend rate for 2022 reached 6.53 percent and its Modified Pag-IBIG 2 (MP2) Savings surged to 7.03 percent per annum

The dividend rates on the members' savings of the agency were the highlights of the Pag-IBIG Fund Chairman’s Report for 2022, where the president spoke before a gathering of agency members, partners and stakeholders at the SMX Convention Center, Tuesday (March 28).

“It makes me proud that your agency’s stewardship of our national savings program has successfully provided affordable shelter financing for our people. Let me thank all of you, the members who are the owners of Pag-IBIG Fund, including concerned housing developers, partners, and other key stakeholders who have been instrumental in fulfilling the Pag-IBIG Fund’s mandate, of serving the Filipino workforce,” the President said.

“As the Pag-IBIG Fund was established under the presidency of my father, I look forward to your efforts in continuing his legacy of quality public service into the future. I urge you to sustain the transparency and accountability in all the work that you do. Thus, we are able to maintain the public's renewed trust in government. Let us ensure that the Pag-IBIG Fund remains at the forefront of fulfilling our peoples' aspirations,” the chief executive added.

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 aided through its short-term loans. The agency ended the year with total assets at its highest, amounting to P827.40 billion.

Secretary Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development (DHSUD), who also heads the 11-member Pag-IBIG Fund Board of Trustees, explained that the dividend rates are the result of the agency’s record-high net income coupled with the highest dividend payout ratio approved by the Pag-IBIG Board.

Acuzar said that while the agency is required to give back to members only at least 70 percent of its annual net income as dividends, the Pag-IBIG Board approved a 97 percent payout ratio, resulting in a dividend amount to P42.70 billion - the highest in the agency’s history.

“We at Pag-IBIG do all that we can to keep the returns on our members’ savings high, while ensuring the Fund’s sustainability and stability. With Pag-IBIG Fund capably led by its CEO 'Manang' Malen Acosta having its best performing year in 2022, we were able to declare the highest amount of dividends for our members’ savings in our 42-year history,” the DHSUD chief said.

“Truly, when Pag-IBIG Fund performs well, it is our members who benefit the most. We assure our members that Pag-IBIG Fund shall be their reliable partner as they pursue a better and more secure future,” the Pag-IBIG Chairman noted.

P1 Savings: 6.53% & MP2 Savings: 7:03%

DIVIDENDS HIGHEST SINCE PANDEMIC!!

Pag-IBIG Fund has finally revealed the highly-anticipated Pag-IBIG Savings Dividend rates for 2022 during its Chairman's Report on March 28.

President Ferdinand R. Marcos, Jr., together with DHSUD Secretary Jose Rizalino L. Acuzar and Pag-IBIG CEO Marilene C. Acosta, unveiled the dividend rates of:

Pag-IBIG Regular Savings: 6.53% per annum.

Pag-IBIG MP2 Savings: 7:03% per annum.

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Pag-IBIG Board Approves Postponement of 2023 Contribution Hike

The Pag-IBIG Fund Board of Trustees officially approved the postponement of the agency’s contribution hike in 2023, citing the continuing recovery of both workers and business owners from the pandemic, its top officials announced Monday (06 March).

Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees, said that they unanimously approved the recommendation of the Pag-IBIG Fund Management to defer the hike in the monthly contributions of its members in 2023 – affirming pronouncements made by the agency earlier this year – and move the implementation by one year to January 2024. The deferment also applies to the share of their employers.

“We recognize that many of our members and employers are still in the midst of recovering from financial challenges arising from the effects of the pandemic on the economy. After consulting with our stakeholders, we have officially approved the deferment of the increase of Pag-IBIG members’ monthly contributions for another year. This is in line with the call of President Ferdinand Marcos, Jr. to alleviate the financial burden of our fellow Filipinos due to the prevailing socio-economic challenges brought about by the Covid-19 pandemic,” Acuzar stated.

In 2019, agency officials approved the increase of its members’ monthly contributions after obtaining the concurrence of stakeholders to implement a planned contribution increase in 2021. During that time, the agency saw the increase necessary as it projected that the amount of loans disbursed will eventually outpace the total collections from both loan payments and members’ contributions.

However, recognizing the effects of the pandemic on both its members and the business community, Pag-IBIG Fund has deferred for the third consecutive year the increase of its contributions rates which remain unchanged since 1986.

According to Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, the agency’s robust fiscal standing and strong collections driven by members opting to save more under the agency’s Regular and MP2 Savings programs, shall allow it to address the growing loan demand of members even without a contribution rate increase this year.

“Our strong financial position shall allow us to again postpone the increase in our contribution rates for a year. We are happy to report that even without any increase in our rates, we were able to post record-highs in 2022 with our membership savings collections reaching nearly P80 billion, loan payment collections amounting to P127.42 billion, short-term loan releases at 57.69 billion and home loan takeout amounting to P117.85 billion. And, with the continued trust and support of our members, the business community and housing industry partners, we look forward to achieving another banner year for Pag-IBIG Fund in 2023 despite not increasing our contribution rates for the 37th consecutive year,”Acosta said.