THE Home Development Mutual Fund (Pag-IBIG Fund) netted P11.08 billion in January to April, up 2 percent from P10.85 billion in the same period last year, its executive reported. "This is much higher than last year but we are already looking at setting another, hopefully, another P30-billion net income by end of the year," Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti said during the agency's virtual stakeholders' accomplishment report on Friday. He noted that of the total loan borrowers, 25 percent were through socialized housing loans or equivalent to P2.81-billion loans approved in January to April. Pag-IBIG said its regular savings posted a 36-percent growth year-on-year to P12.03 billion from P8.85 billion in January to April last year. The voluntary Modified Pag-IBIG 2 (MP2) savings, on the other hand, also collected a record high P8.65 billion during the period, an 81-percent surge from P4.78 billion in 2020.

Source: Manila Times June 04, 2021 17:03 UTC