Pag-IBIG home loan payments up

our housing portfolio so that more of affordable home loans from

way of heeding President Rodrigo Roa Duterte’s call to address the growing housing needs of Filipino workers.”

According to Pag- IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti, thanks to improvethe agency was able to reach a record-high PLR.

As of September, the ratio reached 91.03 percent, compared with 75 percent in 2012. As a result of several reforms implemented, the agency improved its portfolio until it reached 90 percent for the

improved to 90.23 percent by the end of 2018.

“We are happy to report that our 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,” Moti said.

“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

cial capacity,” he said.

“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

who need it too.”