State-run Home Development Mutual Fund (Pag-IBIG Fund) said Friday it has released a record-breaking P24.20 billion in home loans during the first quarter of 2022.
State-run Home Development Mutual Fund said Friday it has released a record-breaking P24.20 billion in home loans during the first quarter of 2022.
“We are happy to report that we have again posted a record-high in home loan releases in the first three months of 2022. Our strong start this year means that more Filipino workers have been helped by Pag-IBIG Fund in acquiring their own homes,” said Housing Secretary Eduardo del Rosario, who heads the 11-member Pag-IBIG Fund Board of Trustees.
The Housing chief said that the amount of home loans released during the first quarter enabled 22,210 members to acquire their own homes, a 7% increase from the 20,712 members helped during the same period in 2021. Pag-IBIG CEO Acmad Rizaldy Moti said that the agency’s performance in the first three months of 2022 follows the agency’s record-high achievement in 2021 when it surpassed P100 billion in home loan releases.
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