Pag-IBIG’s 2021 Dividends: Record P31.79B

Pag-IBIG Fund, also known as the Home Development Mutual Fund, has recently announced its 2021 dividends, which reached a record-breaking P31.79 billion. This is a significant increase from the P27.21 billion dividends paid out in 2020, and it is the highest amount ever paid by the agency in its 40-year history.

The Pag-IBIG Fund is a government-owned and controlled corporation that provides affordable housing loans, savings programs, and other benefits to its members. It is mandated to promote the welfare of its members by providing them with access to housing finance and other related services.

The agency’s 2021 dividends were made possible by its strong financial performance, which was driven by its prudent investment strategies and efficient management of its resources. Pag-IBIG Fund’s total assets reached P715.8 billion in 2020, a 10% increase from the previous year, while its net income rose to P40.27 billion, a 12% increase from 2019.

The agency’s strong financial performance has also enabled it to provide more benefits to its members. In 2020, Pag-IBIG Fund provided a total of P71.84 billion in housing loans, a 7% increase from the previous year. It also disbursed P13.3 billion in calamity loans to its members affected by the COVID-19 pandemic.

Pag-IBIG Fund’s 2021 dividends will be distributed to its members in two tranches. The first tranche, which amounts to P24.6 billion, was credited to the members’ savings accounts on July 15, 2021. The second tranche, which amounts to P7.19 billion, will be credited to the members’ accounts in December 2021.

The agency’s 2021 dividends are a testament to its commitment to providing its members with the best possible benefits and services. It is also a reflection of its strong financial position, which enables it to weather any economic challenges and continue to provide its members with the support they need.

In conclusion, Pag-IBIG Fund’s 2021 dividends are a welcome development for its members, who can use the extra funds to improve their financial well-being. The agency’s strong financial performance and efficient management of its resources are a testament to its commitment to promoting the welfare of its members and contributing to the country’s economic growth.