PAG-IBIG FUND HOME LOAN PAYMENTS PUMALO SA P38.5-B; PLR SUMIPA SA RECORD HIGH 91%

SA LIKOD ng malakas na koleksiyon ng home loan payments sa huling siyam na buwan ay umakyat ang performing loans ratio ng Pag-IBIG Fund sa all-time high.

Mula Enero hanggang Setyembre, ang ahensiya ay nakakolekta ng P38.56 billion, mas mataas ng 12 percent o P4.17 billion sa nakolekta sa ka-parehong panahon noong nakaraang taon. Ang halaga ay isa ring record high pagdating sa home loan payments na nakolekta ng ahensiya sa anumang January-September period.

“Collections remain robust as we sustained our momentum from 2018, which is our best year yet. We still have another quarter to go before this year ends but we are confident that 2019 will be another banner year because we continue to grow at a double-digit pace. In the third quarter alone, home loan payments grew 20 percent year-on-year to P13.98 billion. Strong collections not only reinforce Pag-IBIG Fund’s financial sustainability, but also benefits our members because the amount we collect are then plowed back to our housing portfolio so that more members can avail of affordable home loans from Pag-IBIG Fund. This is our way of heeding President Rodrigo Roa Duterte’s call to address the growing housing needs of Filipino work-ers,” wika ni Secretary Eduardo D. del Rosario, na kapwa pinamumunuan ang Housing and Urban Development Coordinating Council (HUDCC) at ang 12-member Pag-IBIG Fund Board of Trustees.

Sinabi naman ni Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti na dahil sa paglakas ng kanilang koleksiyon ay nakamit ng ahensiya ang record high performing loans ratio (PLR).

Hanggang noong Setyembre, ang PLR ay pumalo sa 91.03 percent – ang pinakamataas sa kasaysayan ng Pag-IBIG Fund. Noong 2012, ang PLR ng ahensiya ay nasa 75 percent lamang.  Sa pagpapatupad ng ilang reporma, gumanda ang portfolio ng ahensiya hanggang umabot ito sa 90 percent sa unang pagkakataon noong 2017.  Ang PLR nito ay tumaas pa sa 90.23 percent sa pagtatapos ng 2018 at lalo pang sumipa sa pinakamataas na numero sa kasalukuyan.

“We are happy to report that our efforts to maintain efficiency of collections enabled us to keep our performing loans ratio at above 90 percent. The high PLR shows that nine out of 10 of Pag-IBIG Fund’s home loan borrowers regularly pay their monthly amortizations, which is a vast improvement compared to previous years. We take pride in having a single-digit non-performing loans ratio considering that our portfolio is unique, as we cater to minimum-wage earners who are usually unserved by most lending institutions because of their financial capacity,” pahayag ni Moti.

“Achieving the highest PLR is a notable feat for us. This is the result of both the reforms we have put in place and the growing appreciation of the Fund’s home loan programs among our borrowers. We appreciate our borrowers who regularly pay their monthly amortizations because they help us provide accessible and sustainable home financing to other members who need it too,” dagdag pa niya.