11 months Pag-IBIG Fund net income hits P33B Manilatimes |Biz
Operational efficiencies helped state-run Home Development Mutual Fund or Pag-IBIG post a record-high net income last year. On Wednesday, Pag-IBIG said its net income reached P33.17 billion in 2018, 9.5 percent higher than the P30.27 billion in 2017. “Such increase in our net income is attributable to our operational efficiencies,” Eduardo del Rosario, Housing and Urban Development Coordinating Council and Pag-IBIG Fund Board of Trustees chairman, said in a speech. Del Rosario added the Fund breached a lot of milestone figures in savings, housing and finance. In particular, he said members savings totaled P40.17 billion, 11 percent higher than in ... more