Pag-IBIG Fund just unveiled its largest-ever dividend payout of P55.65 billion for 2024 during the Chairman's Report event at the Philippine International Convention Center (PICC), marking a new milestone for the agency. But what does it mean for members?
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Pag-IBIG Announces 6.60% Dividend Rate for Regular Savings and 7.10% Return Rate for MP2 Savings
For the first time in its 44-year history, Pag-IBIG Fund is offering impressive returns on its Regular Savings, with a rate of 6.6% per annum. The Modified Pag-IBIG 2 (MP2) Savings product is also giving a great yield of 7.1% per annum. These significant returns are a testament to the Fund's healthy financial standing and commitment to helping its members.
The news of Pag-IBIG's dividend payout comes alongside impressive financial growth. In 2024, Pag-IBIG Fund's net income reached P67.52 billion, a 36% jump from the previous year's P49.79 billion. The agency also surpassed P1 trillion in total assets, closing the year at P1.069 trillion—another record for Pag-IBIG.
Direct Benefits for Filipino Workers
The Pag-IBIG Fund's strong performance means its members will see tangible benefits. Secretary Jose Rizalino Acuzar, who chairs the Fund's Board of Trustees, shared that the P55.65 billion dividend payout equals 82.71% of Pag-IBIG's net income, well beyond the required 70%. This big win for members and signals that Pag-IBIG is on solid financial ground to continue offering benefits like home loans and savings programs that directly benefit Filipino workers.
Committed to Homeownership
Pag-IBIG Fund continues to focus on homeownership, and 2024 was no exception. The Fund released P129.73 billion in home loans, helping 90,640 members secure or improve their homes. On top of that, Pag-IBIG collected a total of P132.81 billion in membership savings, with P73.74 billion of that coming from voluntary savings programs, including the MP2 Savings. This support shows Pag-IBIG's ongoing dedication to offering Filipino workers a path to homeownership while also helping them save for the future.
CEO Marilene C. Acosta also spoke about the impact of these results, emphasizing that Pag-IBIG's success means more for its members. "When Pag-IBIG Fund performs well, our members benefit the most," she said. Acosta highlighted the agency's role in offering financial security, home loans, and even disaster relief programs that help members during tough times.
Looking forward, Pag-IBIG's record-breaking performance will create even more opportunities for Filipino families to achieve their dreams of homeownership, save for the future, and improve their quality of life.
What's MP2 (Modified Pag-IBIG 2) Savings?
According to Pag-IBIG's website, "The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings. The program is also open to pensioners and retirees who were former Pag-IBIG Fund members."
Click here to read Smart Parenting's comprehensive Pag-IBIG MP2 Guide.
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