The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund memberships and collections have increased despite the economic crisis.
Chief Executive Officer Jaime A. Fabiaña said in terms of membership level, as of July 2009, it already reached 7.38 million compared to 7.27 million in December of 2008. In terms of collections, he mentioned that there is a 13 percent increase in housing and also in membership collections.
Even the total assets of Pag-IBIG as of July of 2009 reached about 241.43 billion pesos of total assets as compared with 227.42 billion last year.
The net income of Pag-IBIG has also increased having 9.51 billion in 2008 as compared to 7.27 billion in 2007, same is true with the dividends which has increased by 14 percent. (PIA)
