Total dividends of members of the state-run home mortgage provider, Pag-IBIG Fund, have improved by 14.13% to ₱55.65 billion for 2024, marking the largest payout in the agency’s 44-year history.

During the 2024 Chairman’s Report at the Philippine International Convention Center in Pasay City on Thursday, Pag-IBIG Fund chairman 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, revealed that Pag-IBIG Regular Savings earned an annual dividend rate of 6.60%, while the Modified Pag-IBIG 2 (MP2) Savings gained a yearly return rate of 7.10%.

The annual dividend rates for last year spiked versus 2023’s Pag-IBIG Regular Savings rate of 6.55%, while the Modified Pag-IBIG 2 (MP2) Savings gained a yearly return rate of 7.05%.

In 2023, Pag-IBIG Fund declared ₱48.76 billion in dividends.

“Pag-IBIG Fund has once again marked 2024 as one of its best-performing years, achieving record highs in both total assets and net income. This accomplishment directly benefits our members, as we declared ₱55.65 billion in dividends—equivalent to 82.71% of our net income, exceeding the 70% dividend requirement by law,” Acuzar said.

“With our strong performance, sound investments, and robust finances, we are well-equipped to continue providing our members with responsive benefits and advance our efforts under the Pambansang Pabahay para sa Pilipino Program, ensuring that more Filipino workers can access affordable homes,” he added.

Further, Pag-IBIG Fund recorded another banner year, with its 2024 net income reaching ₱67.52 billion—a 36% increase from ₱49.79 billion in 2023.

The agency also surpassed the ₱1 trillion mark in total assets, closing the year at ₱1.069 trillion, another all-time high.