Pag-IBIG Fund members saved over P40 billion in the state-run fund in 2018 setting a new record for the highest amount saved by members in a single year.
Members’ savings in 2018 reached P40.27 billion, 11 percent higher than the P36.27 billion collected in 2017. The double-digit increase is attributed to Pag-IBIG’s sustained membership growth and members saving more than the P100 monthly mandatory savings. Members’ upgraded savings amounted to more than P1 billion in 2018 while MP2 Savings reached a record-high of P4.47 billion.
“Pag-IBIG Fund members showed a great deal of trust in the Fund in 2018. As a result of their trust, Members’ Savings collections breached the P40-billion mark. This shall allow the Fund to grow even stronger and have funds to utilize for its home financing programs, in line with President Rodrigo Duterte’s drive to provide social services to more Filipinos,” said Secretary Eduardo D. del Rosario, chairman of the Housing and Urban Development Coordinating Council and the Pag-IBIG Fund Board of Trustees.
