pag-ibig's state of the fund address
DESCRIPTION
The State of the Fund Address is a midterm report on the accomplishments of the Home Development Mutual Fund (Pag-IBIG) since Vice President Jejomar C. Binay took office as head of the housing sector and chair of Pag-IBIG's Board of Trustees.TRANSCRIPT
by Vice President Jejomar C. Binay Chairman of the Board of Trustees
Pag-IBIG Fund
Fund
July 2004 to June 2010 vs July 2010 to December 2013
Growth of Membership
2.594 M
5.285 M
13.5 M TOTAL
MEMBERS
as of December 2013
July 2004 to June 2010 July 2010 to December 2013
200% accomplishment of 6 years
achieved in
3 years
July 2004 to June 2010 vs July 2010 to December 2013
Membership Savings
₱92.131 B ₱82.329 B
July 2004 to June 2010 July 2010 to December 2013
MEMBERSIP
SAVINGS January - December 2013
₱26 B
89.36% of accomplishment in
6 years achieved in
3 years
July 2004 to June 2010 vs July 2010 to December 2013
Processed Housing Loans
July 2004 to June 2010 July 2010 to December 2013
₱164.212 B
₱141.003 B
85.86% of accomplishment in
6 years achieved in
3 years
July 2004 to June 2010 vs July 2010 to December 2013
Collections
₱395.472 B
₱367.518 B
July 2004 to June 2010 July 2010 to December 2013
92.93% of accomplishment in
6 years achieved in
3 years
Average Net Income
8.385 B
12.105 B
Net Income July 2004 to June 2009 vs July 2010 to 2012
44.36%
₱
₱
July 2004 to June 2009 July 2010 to June 2012
₱16.25 B January – November 2013
144% accomplishment of
6 years achieved in
3 years
₱13.253 B as of 2012
Comparative Net Income
HIGHER THAN
TOP BANKS
Total Assets
₱ 345.69 B Total Assets as of December 2013
10% Higher than in 2012
2012 Dividends
₱9.3
Billion credited to members’ accounts
Highest in the Fund’s
33-year history!
Highest Dividend
among GOCCs
Benefits
Calamity Loan
Program
Interest rate reduced by HALF
from 10.75%
5.95%
now at
0
10
20
30
40
July 2004 to June 2010
July 2010 to December 2013
₱32.462 B ₱25.756 B
80% of accomplishment in
6 years achieved in
3 years
Calamity Loan
Value
Affordable Housing Loan Program
4.5%*
*Fixed for 10 years for borrowers with Gross Monthly Income of P15,000 (NCR) and P12,000 (Regions)
Interest Rate
As low as
Loanable Amount for Housing Increased
from ₱3M to ₱6 M
100% INCREASE End User Home Financing Program
End User Home Financing Program
as low as
6.985%* per annum
full-risk based pricing from 3 years to 30 years.
Before: As High as 11.5%
*three-year re-pricing period
Loan to Value is 80% compared to banks’ 70%
Operations
Pag-IBIG Online Services
More Branches and Satellite Offices
to reach more members
Target is to have 117 Operational Branches by 2015
Pag-IBIG Members’ Desk and
Information Counters in Malls Pag-IBIG benefits and services,
within easy reach.
Mobile phone :
Credit Card :
Overseas Remittance Partners :
Over-the-Counter:
Employers’ Online Payment Gateway:
Pag-IBIG Fund Payment Channels Payments made easy
*
*Within 1st quarter of 2014
Pag-IBIG Fund OFW Center faster service and
more convenient transactions for almost
3.5 Million Members Abroad
Faster processing time
LRA Extension Office
Before: 2 weeks
Now:
from 20 minutes
to 2 days
Partnership with
Collection Agencies
Non-Performing Asset Recovery Program
NPARP
Total Beneficiaries
1,909 811 Contract to Sell
1098 Real Estate Mortgage
Total Loan Value
₱843.009 M
Citizen’s Satisfaction Center Seal of Excellence An Excellent rating at the ARTA survey enables the Branch to undergo a Phase II
validation for the CSC Seal of Excellence. It also means that the surveyed Branch
scored high in compliance with ARTA provisions and in over-all client satisfaction.
Unqualified Opinion The Commission on Audit rendered a clean or Unqualified
Opinion on Pag-IBIG’s 2012 Financial Statements,
the third Unqualified Opinion received by the Fund since 2007.
achieved at a record time of three months and nineteen days, the fastest to complete certification among GOCCs and the first Key Shelter
Agency to be ISO-certified in 2011. Maintained in 2012 and 2013.
ISO 9001:2008
Pag-IBIG Citi Prepaid Card provides Pag-IBIG borrowers of Short-Term Loans a faster, more convenient, and safer way of receiving and using their loan proceeds.
Pag-IBIG is the first government institution to be commended
to have a Best Card Solution at the Adam Smith Awards.
I Do. I Do. Araw ng Pag-IBIG Winner of the Award of Merit
at the Philippine Quill Awards 2013 DIVISION 2: COMMUNICATION MANAGEMENT
CATEGORY 21: GOVERNMENT COMMUNICATION
2012
1,926
9 LGUs
2013
3,901 Couple-Participants
30 LGUs
Couple-Participants
I Do. I Do. “Araw ng Pag-IBIG”
FEBRUARY 14
5,827 Couple-Participants
Married
Recognitions
Case against Globe Asiatique
Supreme Court
Temporary Restraining Order
Syndicated Estafa
Collateral to Loan Value of GA Accounts
19,163 Housing Units
LGU Housing Partnerships to promote homeownership for member-workers
1,184 1,715 /
LGUs
69%
Briefed on the salient features
of the
Group Housing Loan Program (GHLP)
as of November 2013
Local Government Units
Municipalities 26
Cities 13
Provinces 5
Total 44
as of October 31, 2013
Partnership with
Employer Accreditation Program Partnerships to promote homeownership for member-workers
26 Employers accredited
16 Private Employers
6 National Government Agencies
4 State Universities/ Colleges
as of November 2013
Hanjin Village Castillejos, Zambales
Project Proponent:
Hanjin Heavy Industries and
Construction Company Limited
Total Housing Units:
2,780
Price Range:
Php 399,000 to
Php 599,000
Memoranda of Understanding
with
Informal Sectors for
Pag-IBIG Members’
Housing Needs
Home Matching for Informal Sector
Kasambahay Unified Registration System
(KURS)
• Online Registration
• One (1) Registration,
Three (3) Memberships
Housing Loans for
Government Sector
Loan Value Units
2011 ₱5.503 B 9,174
2012 ₱5.222 B 8,526
2013 ₱3.870 B 5,857
₱14.60 B 23,577
Pag-IBIG Loyalty Card Partners
Pag-IBIG Loyalty Card
• P5.5 B – for Pag-IBIG-led development of housing projects and HL
• P5.0 B – for Calamity Loans
• P4.5 B – for regular HL
P15 B Fund
Special Program for Yolanda Victims
Special Program for Yolanda Victims
• Private-public partnerships with top developers in developing housing projects
• Interest-free home rehabilitation or reconstruction loans for the first six months of the loan, then at subsidized interest rates for the next 1.5 years
• Six-month grace period for new calamity loans
• Six-month moratorium on amortization payments for existing housing loans and short-term loans of affected members
NO INCREASE In Mandatory Membership Contributions
Since 1986
₱100 / month
Upgraded Members’ Savings
₱100 / month
₱2.34 B as of November 2013
by Vice President Jejomar C. Binay Chairman of the Board of Trustees
Pag-IBIG Fund