STATE-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, logged a higher net income in the first quarter, lifted by strong investment returns and collections.
The provident fund for housing on Tuesday reported net income of P16.772 billion, up by 11.27 percent from P15.072 billion in the same period last year.
Pag-IBIG pinned its net income growth to robust collections and steady earnings from its housing and short-term loans, as well as higher investment returns.
Its income from investments climbed 50.67 percent year-on-year to P3.033 billion from P2.013 billion. ‘We remain committed to growing and protecting their savings while ensuring that they have access to affordable home financing,’ Pag-IBIG Fund CEO Marilene C. Acosta was quoted as saying in a statement.
The Fund’s total assets grew by 3.40 percent to P1.276 trillion as of March 2026 from P1.234 trillion at year-end 2025.
Acosta credited Pag-IBIG’s asset base and fiscal health in following its mandate of providing members with competitive savings returns and affordable home financing.
Under its charter, the Fund returns at least 70 percent of its annual net income to members in the form of dividends, which are credited to their savings every year.
Pag-IBIG is also the key financing arm of the Expanded 4PH Program, providing affordable homes to Filipinos.
‘Our strong fiscal standing allows us to sustain our subsidized housing loan rates under the Expanded 4PH Program, including the [3 percent] rate for qualified socialized housing borrowers,’ Acosta said. ‘This is how we help make homeownership more affordable for more Filipino workers, while keeping Pag-IBIG Fund financially sound and sustainable for the long term,’ she added.
Meanwhile, Department of Human Settlements and Urban Development Secretary Jose Ramon P. Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the Fund’s first-quarter performance shows that it remains strong, stable and ready to support homeownership.
‘We shall continue to manage our members’ funds prudently, so that more Filipino families may benefit from housing finance that is affordable, accessible, and sustainable,’ Aliling said.