THE total net assets of the Home Development Mutual Fund or Pag-IBIG Fund breached the P1 trillion mark, the state corporation said on Wednesday.
As of the end of September this year, the fund's fiscal performance grew, as their total net assets were recorded at P1.02 trillion, a P125.74 billion increase or 14 percent growth compared to September 2023.Its gross income also reached P62.09 billion, while its net revenues amounted to P39.54 billion, 17 percent higher than the P33.66 billion last year.Pag-IBIG's member savings as of the third quarter of this year totaled P98.72 billion, higher by 48 percent than the P66.
''We have just celebrated the National Shelter Month, and we are proud to share that Pag-IBIG Fund has breached the P1-trillion mark in assets,' said Housing Secretary Jose Acuzar, who also serves as chairman of the Pag-IBIG Board of Directors.'This serves as a testament to our commitment to fulfilling our mandate.
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