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Pag-IBIG posts record-high P34.73-B net income in 2021

RECORD-HIGH. Pag-IBIG Fund Board of Trustees chairperson and housing czar, Secretary Eduardo del Rosario, reports the accomplishments of the agency for 2021 on Thursday (Feb. 24, 2022). The Home Development Mutual Fund (Pag-IBIG Fund) logged a record-high PHP34.73 billion net income despite the Covid-19 pandemic in 2021. (Screengrab via Zoom) MANILA - The Home Development Mutual Fund (Pag-IBIG Fund) logged PHP34.73 billion net income despite the prevailing coronavirus disease (Covid-19) pandemic last year. Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo del Rosario, who also heads the 10-member Pag-IBIG Fund Board of Trustees, said the 2021 net income is the highest ever recorded by the Fund for the past five years. "As we close our books for 2021, I am happy to report that your Pag-IBIG Fund achieved another milestone. Our strong performance last year led us to reach a net income of PHP34.73 billion," Del Rosario said as he virtually reported ....

Board Of Trustees , Department Of Human Settlements , Fund On , Home Development Mutual Fund Pag , Fund Board Of Trustees , Home Development Mutual Fund , Human Settlements , Urban Development , Secretary Eduardo Del Rosario , Rizaldy Moti , Chief Executive Officer , Record High Pag Ibig Fund Board Of Trustees Chairperson And Housing Czar , Secretary Eduardo Del Rosario , Eports The Accomplishments Of Agency For 2021 On Thursday Feb 24 , 022 The Home Development Mutual Fund Pag Ibig Loggeda Record High Php34 73 Billion Net Income Despite Covid 19 Pandemic In 2021 Screengrab Via Zoom Manila Logged Prevailing Coronavirus Disease Last Year Department Of Human Settlements And Urban Dhsud Secretary Eduardo Del Rosario , Ho Also Heads The 10 Member Pag Ibig Fund Board Of Trustees , Aid The 2021 Net Income Is Highest Ever Recorded By Fund For Past Five Years Quot As We Close Our Books , I Am Happy To Report That Your Pag Ibig Fund Achieved Another Milestone Our Strong Performance Last Year Led Us Reacha Net Income Of Php34 73 Billion , Uot Del Rosario Said As He Virtually Reported The 2021 Accomplishment Of Pag Ibig Fund On Thursday Quot This Is Our Highest Net Income Ever , Urpassing By 9 5 Percent Our Php31 71 Billion Net Income In 2020 And Topping The Previous Record Of Php34 37 Netted 2019 , Uot He Added Del Rosario Also Noted That The Fund Has Breached Php30 Billion In Five Consecutive Years Since 2017 Quot Our Members Will Directly Benefit Because We Shall Again Go Beyond What Is Required Of Us By Declaring Over 86 Percent Net Income As Dividends For Their Savings , Uot He Added The Pag Ibig Fund Charter Requires Agency To Declare At Least 70 Percent Of Its Annual Net Income As Dividends Be Credited Quot Proportionately Members 39 Savings Management , Ecommended Setting Aside 86 56 Percent Of Its Net Income As Dividends To Maximize The Benefit Members During Second Year Pandemic Del Rosario Said Recommendation Is Subject Approval Board Trustees Screengrab Via Zoom Acmad Rizaldy Moti , Ag Ibig Fund Chief Executive Officer , Aid The Dividend Rates On Member 39s Savings Both Mandatory And Voluntary Will Remain Higher Than Other Instruments Available In Market Quot We Know That Many Of Our Members Have Been Asking About Now Can Finally Share News For 2021 , Ividend Rates Will Remain Above 5 Percent ,