Pag-IBIG spreads P55-B dividends

The total dividends reaped by members of the state-run home mortgage provider, Pag-IBIG Fund, increased by 14.13 percent to P55.65 billion in 2024, marking the largest payout in the agency’s 44-year history.

Pag-IBIG Fund chairman, Secretary Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development (DHSUD), announced the record-breaking figure at the Philippine International Convention Center in Pasay City.

Acuzar, who also heads the 11-member Pag-IBIG Fund board of trustees, said the Pag-IBIG Regular Savings accounts earned an annual dividend rate of 6.60 percent, while the Modified Pag-IBIG 2 (MP2) Savings accounts had a yearly return rate of 7.10 percent.

These figures surpassed the 2023 rates, when Pag-IBIG Regular Savings had a 6.55-percent annual dividend and MP2 Savings posted a 7.05-percent return. In 2023, Pag-IBIG Fund declared P48.76 billion in dividends.

“Pag-IBIG Fund has 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 P55.65 billion in dividends—equivalent to 82.71 percent of our net income, exceeding the 70-percent 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 have affordable homes,” he said.

Pag-IBIG’s 2024 net income topped P67.52 billion — a 36-percent increase from the P49.79 billion in 2023. The agency also surpassed the P1-trillion mark in total assets, closing the year with P1.069 trillion, another all-time high.

President Ferdinand Marcos Jr., in a message, lauded Pag-IBIG’s accomplishments.

“For nearly five decades now, this institution has empowered individuals and families to find, acquire, and build the homes they aspire to — all in a system founded on trust, integrity, and shared opportunity,” he said.

“This Chairman’s Report 2024 stands as proof of how your unwavering commitment has grown the contributions entrusted to your care, enabling every hardworking Filipino to achieve their dream home. Let us remain steadfast in creating a strong, secure, and inclusive Pag-IBIG Fund that uplifts communities and ensures no Filipino is left behind in this era of Bagong Pilipinas,” the President said.

Pag-IBIG Fund chief executive officer Marilene Acosta reported the release in 2024 of P129.73 billion in home loans which helped 90,640 members to acquire new or better homes.

She said the agency collected a total of P132.81 billion in membership savings — P73.74 billion of which was voluntarily saved under the Upgraded and MP2 Savings — and disbursed P70.33 billion in cash loans to more than 3.2 million members.

“Truly, when the Pag-IBIG Fund performs well, our members benefit the most. We take great pride in our record-high achievements in 2024, which reflect our commitment to helping our members achieve their dream of homeownership, find relief in trying times, and save for a brighter future,” Acosta said.

“We remain steadfast in safeguarding our members’ contributions and ensuring they yield the best possible returns—because our members deserve nothing less than the highest level of public service and the most prudent stewardship of their hard-earned savings,” she added.