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The Philippine Star
February 28, 2025 | 12:00am
Housing Secretary Jose Rizalino Acuzar and Pag-IBIG Fund CEO Marilene Acosta announce the higher dividend rates for members’ savings during the Chairman’s Report 2024 held at the PICC yesterday. For 2024, the rates are 6.60 percent per annum for the Pag-IBIG Regular Savings and 7.10 percent per annum for the popular Pag-IBIG MP2 Savings, which are both higher than the rates declared for 2023.
STAR / File
MANILA, Philippines — Pag-IBIG Fund declared the highest-ever amount of dividends for its members’ savings at the Chairman’s Report 2024 held yesterday at the Philippine International Convention Center.
For 2024, Pag-IBIG Fund reported P55.65 billion in total dividends, marking the largest payout in the agency’s 44-year history. As a result, the dividend rates for the Regular Savings climbed to 6.6 percent, while the agency’s popular Modified Pag-IBIG 2 (MP2) Savings rate rose to 7.1 percent.
“For nearly five decades now, this institution has empowered individuals and families to find, acquire, and build the homes they aspire for – all in a system founded on trust, integrity, and shared opportunity,” President Marcos said in a message.
“This Chairman’s Report 2024 stands as proof of how your unwavering commitment has grown the contributions entrusted to your care, enabling every hardworking Filipino to achieve their dream homes. Let us remain steadfast in creating a strong, secure, and inclusive Pag-IBIG Fund that uplifts communities and ensures no Filipino is left behind in this era of Bagong Pilipinas.”
Pag-IBIG Fund recorded another banner year, with its 2024 net income reaching P67.52 billion – a 36 percent increase from P49.79 billion in 2023. The agency also surpassed the P1-trillion mark in total assets, closing the year at P1.069 trillion, another all-time high.
Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees, underscored the agency’s outstanding performance and robust financial standing.
“Pag-IBIG Fund has once again marked 2024 as one of its best-performing years, achieving record highs in both total assets and net income. This accomplishment directly benefits our members, as we declared P55.65 billion in dividends – equivalent to 82.71 percent of our net income, exceeding the 70 percent dividend requirement by law,” Acuzar said.
