FOR its fair and transparent presentation of its financial statements, the Home Development Mutual Fund, or the Pag-IBIG Fund, has once again earned the Commission on Audit’s (COA) unmodified opinion, achieving the state auditors’ highest opinion for the 14th successive year.
Both Housing Secretary Jose Ramon Aliling and Pag-IBIG CEO Marilene Acosta on Friday welcomed the latest recognition, saying it was the result of the agency’s upholding the highest standards of integrity, accountability and transparency in public service.
Acosta said it was doubly meaningful for Pag-IBIG, which continues its strong performance through the sustained delivery of its mandates to Filipino workers.
The agency was cited for amassing total assets of P1.23 trillion, member savings collections of P160.41 billion, housing loan releases of P140.54 billion and short-term loan releases of P94.16 billion.
It generated a net income of P65.28 billion before MP2 (Modified Pag-IBIG II) returns and declared P64.34 billion in dividends to its members, Acosta said.
She cited Pag-IBIG’s full support to the flagship expanded Pambansang Pabahay Para sa Pilipino (4PH) program of President Ferdinand Marcos Jr., and that it remains steadfast in sustaining the momentum through 2026 by empowering members to grow their savings, access affordable cash loans and achieve homeownership via its housing loan programs.
Aliling, who chairs Pag-IBIG’s board of trustees, said the latest audit findings affirm the agency’s unwavering commitment to prudent financial stewardship, good governance, and full transparency and accountability in serving the public.
“It also shows that strong governance enables Pag-IBIG Fund to remain financially sound and responsive to the needs of its members, while supporting the President’s directive to make homeownership more accessible to Filipino families through the expanded 4PH,” Aliling added.
The milestone cements the agency’s place among a handful of government entities and government-owned and -controlled corporations that have shown unwavering fiscal discipline, transparency and accountability over the past decade, according to COA.
An unmodified opinion means the auditor found that the financial statements accurately and fairly reflect the Pag-IBIG’s position, in compliance with the required accounting standards.
