Pag-IBIG Fund reached new heights as the agency breached the P1-trillion mark in Total Net Assets in August 2024, reflecting a 14% growth versus September
last year. The growth is largely driven by higher net revenues, increased member savings, and strategic management of its investment portfolios, top officials announced.
Member savings as of the third quarter of 2024 amounted to P98.72 billion, an increase of 48% from P66.73 billion collected within the same period last year. This double-digit growth was due to the increase in both the Pag-IBIG Regular Savings and Pag-IBIG MP2 Savings. The agency also reported a net unrealized gain of P320 million, a reversal from the P2.28 billion net unrealized loss in September 2023. This movement is attributed to improved market valuations of investments measured at fair value through other comprehensive income, further strengthening the agency’s financial position.
“Ang panalo po dito ay ating mga miyembro. With our strong fiscal standing, we continue to provide our members with the best benefits and programs, to help them prepare and secure a better future, not just for themselves, but also for their families. They are assured that the money that they entrust with us is not just well accounted for but continues to grow. We remain steadfast in our commitment to help improve the lives of the Filipino workers,” Acosta said.
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