Pag-ibig Fund has received 13Th Officials announced on July 1 that the Board of Audit (COA)’s consecutive unrevised comments reaffirmed its commitment to excellent financial management, rational governance practices and consistently adhere to accounting and audit standards.
The latest audit opinion follows the COA’s comprehensive review of the Pag-Ibig Fund’s financial statements and operations for 2024. The review confirms that transactions of the agency are properly conducted in accordance with applicable laws and regulations and that in all materials, in line with relevant government accounts and reporting standards, its financial statements are fair.
“This further demonstrates that the Pag-Ibig Fund has and continues to be managed with professionalism, prudence and integrity.” Jose Ramon P. Alling, head of the Human Settlements and Urban Development Department and chairman of the Pag-Ibig Fund, said. “It is a testament to how Pag-IBIG Fund upholds the highest standards in managing our members’ hard-earned savings and in fulfilling its mandate to serve the Filipino worker. This achievement also reflects Pag-IBIG Fund’s strong position, as it plays a key role in the administration’s flagship Expanded Pambansang Pabahay para sa Pilipino (4PH) Housing Program. We remain committed to the directive of President Ferdinand Marcos (Jr.) builds a safer, more resilient and prosperous future for every Filipino family.”
The COA has issued unlimited comments on the Pag-Ibig Fund from 2012 to 2017 and has issued unrevised comments from 2018 to 2024. With this latest result, Pag-Ibig Fund joins a short list of Philippine government agencies and GOCCs that consistently gain ongoing businesses that consistently continue to maintain an inappropriate opinion, an inappropriate crime, and judge this range.
Marilene C. Acosta, CEO of Pag-Ibig Fund, also stressed the importance of this recognition, highlighting how it reflects the agency’s outstanding performance and service delivery in 2024.
“The Pag-ibig Fund has exceeded one trillion pesos in total assets, with historical net income of 66.78 billion last year. We have also reached the highest level in terms of housing loan loans, cash loan expenditures and loan collection and loan collection and loan collection, allowing more Filipino workers to access affordable housing financing to obtain substantial housing financing and short-term coa coa to achieve their short-term coa and win the results of Earning Coa.Th Continuously confirm that we are maintaining the highest standards of integrity while maintaining the highest standards of integrity, President Marcos, Jr.
“This recognition strengthens the trust of our members knowing that their savings are safe, protected and responsible. We will continue to serve them. Tapat na Serbisyo, Mula sa pusoand remains focused on maintaining this record of integrity in the coming years. ” she added.
The COA’s unmodified comments add a list of recognition received by the Pag-Ibig Fund from the governing bodies in recognition of its outstanding performance in public services last year. In 2024, the Pag-Ibig Fund was also rated as one of the best government companies for good governance by GOCCS (GCG) (GCG). The Pag-ibig Fund also has a satisfaction rating of 99.52% in its 2024 customer satisfaction measure by criteria set by the Anti-Red Tape Administration (ARTA) and GCG.
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