Pag-IBIG Fund has announced record-high dividends for 2024, marking its largest payout in 44 years, with a 6.6% dividend rate for regular savings and 7.1% for MP2 savings.
This surpasses the 2023 rates of 6.55% for regular savings and 7.0% for MP2 savings, which were the highest since the COVID-19 pandemic.
The announcement was made during the Chairman’s Report 2024 at the Philippine International Convention Center. Pag-IBIG Fund reported a net income of P67.52 billion for 2024, reflecting a 36% increase from P49.79 billion in 2023.
The agency’s total assets also exceeded P1 trillion, closing the year at P1.069 trillion.
In a statement, Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar expressed his satisfaction with Pag-IBIG Fund’s achievements:
“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.”
Pag-IBIG Fund CEO Marilene C. Acosta highlighted the agency’s record-setting performance, emphasizing its significant contributions to home financing and savings programs.
In 2024, Pag-IBIG released P129.73 billion in home loans for 90,640 members, collected P132.81 billion in membership savings, and disbursed P70.33 billion in cash loans to assist over 3.2 million members.
The increased dividend rates and record-high payouts underscore Pag-IBIG Fund’s strong financial performance and its commitment to providing valuable returns to its members. This milestone is expected to positively impact Pag-IBIG members by helping them grow their savings and achieve long-term financial goals, such as homeownership and financial stability.
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