Pag-IBIG fund members collectively saved P38.82 billion in the first six months of the year, an increase of P7.23 billion, or 23 percent, from P31.59 billion collected in the same period last year.
The fund said it set a record for the highest amount saved by agency members for a period from January to June.
“Our strong collections mean we have the means to fund our programs and provide our members with affordable housing and cash loans,” said Secretary Jose Rizzalino Acuer, who heads the Department of Human Settlements and Urban Development and 11- The Member is the Head of the Pag-IBIG. Board of Trustees.
The continued popularity of the agency’s Voluntary Modified Pag-IBIG 2 (MP2) savings drives double-digit growth. MP2 savings for the first half of the year were a record high of P19.40 billion, up 47 percent from P13.23 billion collected in the same period last year.
Pag-IBIG Fund CEO Acmad Rizaldy Moti attributes the agency’s record-high collections to members’ confidence in saving with Pag-IBIG Fund and the business community’s support for fair and timely remittances from its employees. ‘PAG-IBIG Savings.
“The continued growth in our members’ savings is truly remarkable. We are grateful to the business community for responsible, timely remittance of our employees’ Pag-IBIG contributions and for their continued trust in helping our members save with Pag-IBIG, particularly MP2 savings deposits. Should there be an upward trend in our collections, we expect another record high in total member savings by the end of the year. More importantly, with our strong fiscal position, we are confident that we can continue to meet the growing demand for our loans while keeping interest rates low,” Moti said.