Pag-IBIG garners 13th straight top audit rating

With its vow of continued excellence in financial management, sound governance practices, and consistent compliance with accounting and auditing standards, the state-owned Home Development Mutual Fund, popularly known as Pag-IBIG Fund, has earned for the 13th time an Unmodified Opinion from the Commission on Audit (CoA), the highest audit rating a government agency can receive.

CoA’s Unmodified Opinion signifies that the auditor has concluded that the financial statements were presented fairly, without any material misstatements, and were under the applicable financial reporting framework.

CoA bestowed the assessment following its comprehensive review of Pag-IBIG Fund’s financial statements and operations for the year 2024.

“This is further proof that Pag-IBIG Fund has been, and continues to be, managed with professionalism, prudence, and integrity,” said Human Settlements and Urban Development Secretary Jose Ramon Aliling, who is also chairperson of the 11-member Pag-IBIG Fund board of trustees.

Aliling said the evaluation was a testament to how Pag-IBIG Fund upholds the highest standards in managing its members’ hard-earned savings and in fulfilling its mandate to serve the Filipino worker.

“This achievement also reflects Pag-IBIG Fund’s strong position, as it plays a key role in the administration’s flagship Expanded Pambansang Pabahay para sa Pilipino (4PH) housing program. We remain committed to the directive of President Ferdinand Marcos Jr. to build a more secure, resilient, and prosperous future for every Filipino family,” he said.

Pag-IBIG Fund has consistently received unqualified opinions from 2012 to 2017, and unmodified opinions from 2018 to 2024.

With this latest award, Pag-IBIG Fund joins a select group of government agencies and GOCCs that have consistently earned unqualified and unmodified opinions for over a decade — a rare distinction that highlights its fiscal discipline and commitment to transparency.

Pag-IBIG Fund CEO Marilene Acosta emphasized the significance of the recognition, saying it reflected the agency’s strong performance and commitment to service in 2024.

“Pag-IBIG Fund exceeded the P1-trillion mark in total assets and posted a historic net income of P66.78 billion last year. We also achieved all-time highs in our housing loan releases, cash loan disbursements, and loan collections, enabling more Filipino workers to access affordable home financing and meet their short-term financial needs. Earning CoA’s Unmodified Opinion for the 13th consecutive year affirms that we accomplished all these while upholding the highest standards of integrity, in line with President Marcos Jr.’s call for excellence and accountability in public service,” Acosta said.

“This recognition reinforces our members’ trust, knowing that their savings are safe, protected, and responsibly managed. We will continue to serve them with ‘Tapat na Serbisyo, Mula sa Puso,’ and remain focused on sustaining this track record of integrity in the years ahead,” she added.

Last year, Pag-IBIG was also recognized by the Governance Commission for GOCCs as one of the top-performing government firms, earning a 99.52-percent satisfaction rating in its 2024 Client Satisfaction Measurement based on standards set by the Anti-Red Tape Authority and the GCG.