THE Government Service Insurance System (GSIS) announced that it booked a P258-billion revenue as of the third quarter of 2024. In a statement on Saturday, GSIS reported its overall revenue reached P258 billion as of the third quarter.
THE Government Service Insurance System announced that it booked a P258-billion revenue as of the third quarter of 2024.
The pension fund’s net income from operations also increased by 58 percent to P120 billion as of end-September 2024. The GSIS also said its total assets went up by 8 percent to P1.8 trillion as of the third quarter. “Our strong financial performance strengthens our capacity to serve our members through accessible loan programs while securing the long-term sustainability of their benefits,” GSIS President and General Manager Jose Arnulfo A. Veloso said.
Through the GSIS’s “Multipurpose Loan Flex” program, about P282 billion was released to 1.049 million members since its launch in September 2023.
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