Update on Pag-IBIG 2020 Net Income & the Dividend for Members
PAG-IBIG – The government agency posted its 2020 income and as well as the rate of how much members will earn as dividends.
In the Philippines, a huge part of the populace is a member of Pag-IBIG Fund, it is an agency that specializes in helping the Filipinos obtain affordable residential properties with its housing loan offers. You may apply for a loan to get a house and lot, let the government agency pay it for you, and just pay in affordable monthly installments to the agency.
Aside from its housing loan offers, Pag-IBIG has several other offers for its members. You may apply for the Pag-IBIG Multi-Purpose Loan if you need some cash but the purpose is not for the purchase of a residential property.
In times of calamities, members of the agency may also turn to it for some assistance. You may apply for Pag-IBIG Calamity Loan to obtain cash that can help you in the repair of your house or in getting back to life again.
The members contribute to the government agency every month. It is tagged as savings and accumulated savings makes a member qualified for its offers.
Your savings can grow overtime based on the profits of the government agency depending on the way it manages the funds. For several years now, members are enjoying a huge addition on their savings after the agency went pass the P30-billion mark.
Recently, Pag-IBIG Fund gave an update on its net income for the year 2020. According to the government agency, it earned Php 31.18 billion net income last year despite the COVID-19 pandemic. With this huge income, the members will be receiving 5.62% dividend for regular savings and 6.12% for modified savings.
“With dividends payout set at 93.68% of our P31.38 billion net income exclusive of net foreign exchange loss, it’s the highest dividend payout ratio in Pag-IBIG’s history. It’s also the highest dividend payout ratio,” Chief Executive Officer Acmad Rizaldy P. Moti said.
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