Pag-IBIG welcomes Recto, Doria-Velarde as board officials
Pag-IBIG Fund welcomed Finance Secretary Ralph G. Recto and newly appointed trustee, Maria Lourdes Doria-Velarde, as part of the 11-member Pag-IBIG Fund Board of Trustees, top officials stated Tuesday (20 February).
Finance Secretary Recto, who now also serves as the Pag-IBIG Board’s ex-officio vice chairperson, is an experienced legislator who has pursued numerous economic and tax reforms. Doria-Velarde, who now sits as one of the agency’s private employers’ representatives, has had an extensive career in the construction industry. They join Pag-IBIG Fund Chief Executive Officer Marilene Acosta, Budget Secretary Amenah Pangandaman, Labor Secretary Bienvenido Laguesma, Trade and Industry Secretary Alfredo Pascual, Private Employees’ Representatives Anthony Cesar Arellano and Gregorio Montenegro, Private Employers’ Representative Atty. Cornelio Aldon and Government Employees’ Representative Ma. Lorelei Fajardo, as part of the Pag-IBIG Fund Board of Trustees. The board is chaired by Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development (DHSUD).
Pag-IBIG home loans reach record-high P126B in 2023; nearly 100,000 members with new homes
Pag-IBIG Fund released a record-high P126.04 billion in home loans to finance the housing units of 96,848 members in 2023, its top officials announced February 08 (Thursday).
The amount of housing loans released in 2023 grew by P8.19 billion or 7 percent compared to the P117.85 billion released last year. The amount was able to finance 96,848 housing units and now stands as the highest amount of home loans released by the agency in a single year.