In a statement, the agency said from January to June, Pag-IBIG Fund’s gross income reached P35.03 billion, while net income amounted to P20.61 billion. READ MORE:
announced Monday to coincide with President Ferdinand Marcos Jr.’s second State of the Nation Address.
Compared to the same period last year, gross income grew by 12% or P3.80 billion while net income increased by 11% or P2.05 billion, driven mainly by earnings from its housing and short-term loans, and investment portfolios. “Our performance shows how excellently we are managing the funds that our members have saved with us. With our strong fiscal standing, we remain in a strong position to finance more homes under the Pambansang Pabahay para sa Pilipino or 4PH Program, in line with the directive of President Marcos Jr under the Bagong Pilipinas Campaign to help more Filipinos have better and more dignified lives,” Acuzar said.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, emphasized that the increase in net income shall redound to the benefit of its members.
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