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National Budget Circular 542, issued by the Department of Budget and Management on August 29, 2012, reiterates compliance with Section 93 of the General Appropriations Act of FY2012. Section 93 is the Transparency Seal provision.
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Latest News : Pag-IBIG declares P9.28 billion in dividends
Vice President and Pag-IBIG Chairman Jejomar Binay recently announced the approval by the Pag-IBIG Board of P9.28 billion in dividends to be credited proportionately to the Pag-IBIG members’ accounts. This amount is 9.31% higher than the previous year’s dividend of P8.49 billion. read more...
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Pag-IBIG declares P9.28 billion in dividends
Vice President and Pag-IBIG Chairman Jejomar Binay recently announced the approval by the Pag-IBIG Board of P9.28 billion in dividends to be credited proportionately to the Pag-IBIG members’ accounts. This amount is 9.31% higher than the previous year’s dividend of P8.49 billion.
The amount translates to 4.17% and 4.67% dividend rate for mandatory members under Pag-IBIG I and those with voluntary savings accounts under the Modified Pag-IBIG 2 Program, respectively. Comparing it with banks’ 2012 average savings deposit rate of 1.07%, net of tax, both rates are more than 4x times higher than what they offer.
According to Pag-IBIG President Atty. Darlene Marie Berberabe, the higher dividend amount is a result of income earned from the Fund’s housing loan and Multi-Purpose Loan programs, as well as income from cash and investments and other miscellaneous income.