Marcos wants cooperation between DHSUD and Pag-IBIG

During the unveiling of the 2022 performance and dividend rates of members' savings at the SMX Convention Center in Pasay City, President Ferdinand R. Marcos Jr. urged the Pag-IBIG Fund to collaborate with concerned agencies to address the Philippines' housing backlog of over 6.5 million.

He challenged the government-owned and controlled corporation to work closely with the Department of Human Settlements and Urban Development (DHSUD) to find effective strategies in easing the housing situation. Marcos emphasized the importance of maintaining transparency and accountability while acknowledging the contributions of developers, employers, housing industry players, and other partners in achieving the Pag-IBIG Fund's success.

He recognized the institution's 2.6 million-strong members and urged them to remain productive in their employment and commercial pursuits to sustain the Pag-IBIG Fund.

The President congratulated the Pag-IBIG Fund for achieving its highest dividend rates since the pandemic, with its Regular Savings dividend rate for 2022 at 6.53 percent, and its Modified Pag-IBIG 2 (MP2) Savings rate at 7.03 percent per annum.

The Pag-IBIG Fund's net income reached a record-high of PHP44.5 billion, with several other record-high figures for the year, including home loans reaching PHP117.85 billion, total membership savings collected amounting to PHP79.9 billion, and loan payments amounting to PHP127.42 billion.