Vice President Jejomar C. Binay, who is also Chairman of the Board of Trustees of the Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG Fund, presented the provident sector’s finances and achievements in its first-ever Midterm Report (2010-2013). It remains the biggest and strongest home financing and savings institution in the country with its highest-ever net income of Php16.25 billion (as of November 2013) from Php12.10 billion in 2012. In terms of membership growth, Pag-IBIG Fund has increased its total members to 13.5 million (as of November 2013), more than double the 5.338 million from 2010-2012. Pag-IBIG Fund also boasts of being the biggest key shelter agency in the country even without increasing its Monthly Mandatory Membership Contribution of Php100 since 1980s.
Pag-IBIG Fund credits their accomplishments to the enhanced collection mechanisms (online payment gateways and credit cards) and service channels (overseas remittance partners and payment centers) where members can settle their monthly contributions and amortizations to their convenience.
I-Remit was awarded a special citation by Pag-IBIG Fund for being a dependable service channel partner for its OFW members, signed by Vice President Jejomar C. Binay and Atty. Darlene B. Berberabe. Further awardees include KAKAMMPI, POEA, Fiesta Communities, Duraville Realty and other housing developers.