Pag-IBIG's State of the Fund Address
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Transcript of Pag-IBIG's State of the Fund Address
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by Vice President Jejomar C. Binay Chairman of the Board of Trustees
Pag-IBIG Fund
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Fund
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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
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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
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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
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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
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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
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₱13.253 B as of 2012
Comparative Net Income
HIGHER THAN
TOP BANKS
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Total Assets
₱ 345.69 B Total Assets as of December 2013
10% Higher than in 2012
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2012 Dividends
₱9.3
Billion credited to members’ accounts
Highest in the Fund’s
33-year history!
Highest Dividend
among GOCCs
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Benefits
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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
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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
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Loanable Amount for Housing Increased
from ₱3M to ₱6 M
100% INCREASE End User Home Financing Program
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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%
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Operations
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Pag-IBIG Online Services
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More Branches and Satellite Offices
to reach more members
Target is to have 117 Operational Branches by 2015
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Pag-IBIG Members’ Desk and
Information Counters in Malls Pag-IBIG benefits and services,
within easy reach.
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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
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Pag-IBIG Fund OFW Center faster service and
more convenient transactions for almost
3.5 Million Members Abroad
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Faster processing time
LRA Extension Office
Before: 2 weeks
Now:
from 20 minutes
to 2 days
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Partnership with
Collection Agencies
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Non-Performing Asset Recovery Program
NPARP
Total Beneficiaries
1,909 811 Contract to Sell
1098 Real Estate Mortgage
Total Loan Value
₱843.009 M
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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.
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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.
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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
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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.
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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
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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
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Recognitions
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Case against Globe Asiatique
Supreme Court
Temporary Restraining Order
Syndicated Estafa
Collateral to Loan Value of GA Accounts
19,163 Housing Units
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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
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Local Government Units
Municipalities 26
Cities 13
Provinces 5
Total 44
as of October 31, 2013
Partnership with
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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
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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
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Memoranda of Understanding
with
Informal Sectors for
Pag-IBIG Members’
Housing Needs
Home Matching for Informal Sector
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Kasambahay Unified Registration System
(KURS)
• Online Registration
• One (1) Registration,
Three (3) Memberships
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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
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Pag-IBIG Loyalty Card Partners
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Pag-IBIG Loyalty Card
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• 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
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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
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NO INCREASE In Mandatory Membership Contributions
Since 1986
₱100 / month
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Upgraded Members’ Savings
₱100 / month
₱2.34 B as of November 2013
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by Vice President Jejomar C. Binay Chairman of the Board of Trustees
Pag-IBIG Fund