14 0 0 2 months ago 4 min to read

Members of the Pag-IBIG Fund will save a record of P79.9B in 2022.

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According to the agency’s top executives, Pag-IBIG Fund members saved close to PHP80 billion in total in 2022, breaking the previous record for the most money members had saved in a calendar year.

The total amount saved by Pag-IBIG members last year was PHP79.9 billion, the most in the 42-year history of the organization.

From PHP63.7 billion in 2021, the total savings collected in 2018 climbed by 25%, or PHP16.2 billion.

The agency’s Pag-IBIG Regular Savings, which climbed by 6% from PHP37.71 billion in 2021 to PHP40.06 billion in 2022, is included in the overall savings.

“The steady increase in the savings accumulation of Pag-IBIG members has been simply amazing. As the head of the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees, Secretary Jose Rizalino Acuzar said in a statement, “It signifies our members’ trust and confidence in our programs and our ability to manage every hard-earned peso they have saved with us.

“And as long as our collections are good, we can continue to support our loan programs at cheap interest rates. These are only a few of the numerous things we’re doing to follow President Ferdinand Marcos Jr.’s appeal to improve the welfare of our Filipino brothers and sisters,” he stated.

According to Pag-IBIG Fund CEO Marilene Acosta, the agency’s well-known MP2 Deposits program continues to fuel the expansion of its members’ savings.

The members of the voluntary savings program continued to grow the program in 2022, contributing a record-breaking PHP39.84 billion, up PHP13.89 billion, or 53%, from PHP25.95 billion, collected in 2021.

“We are pleased that our members continue to place their trust in us, as seen by the record-high sums that they have saved with us in 2022 and in previous years. This demonstrates their growing understanding of the benefits of saving with the Pag-IBIG Fund. In order to give them the highest returns possible, we remain dedicated to managing their money wisely and prudently,” Acosta stated.

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