PAG-IBIG Fund has once again earned an unmodified opinion from the Commission on Audit (COA) for the 13th consecutive year, highlighting its continued adherence to financial reporting standards and sound governance.
An unmodified (or unqualified) opinion is the highest audit rating issued by COA, signifying that the agency’s financial statements are fairly presented in all material respects. However, it does not automatically guarantee full legal compliance or absolute efficiency.
COA’s review confirmed that Pag-Ibig Fund’s financial operations and statements complied with applicable laws and regulations and adhered to relevant government
accounting standards.
“This is further proof that Pag-Ibig Fund has been, and continues to be, managed with professionalism, prudence, and integrity,” said Secretary Jose Ramon Aliling, head of the Department of Human Settlements and Urban Development and chair of the Pag-Ibig Fund board of trustees.
He added that this achievement supports the agency’s critical role in the Marcos administration’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Housing Program, further aligning with the President’s goal to build a resilient and prosperous future for Filipino families.
Pag-Ibig Fund received unqualified opinions from 2012 to 2017 and unmodified opinions from 2018 to 2024, placing it among the few government agencies and GOCCs with over a decade of top audit ratings.
Chief Executive Officer Marilene Acosta emphasized that the audit result reflects Pag-Ibig Fund’s strong performance in 2024, which included surpassing P1 trillion in total assets and achieving a record net income of P66.78 billion.
“We also hit all-time highs in housing loan releases, cash loan disbursements, and collections—while upholding the highest standards of integrity, in line with President Marcos Jr.’s call for accountability in public service,” Acosta said.
She added that the recognition “reinforces our members’ trust, knowing their savings are safe, protected, and responsibly managed,” and pledged to continue delivering “Tapat na Serbisyo, Mula sa Puso.”
Pag-Ibig Fund also earned a 99.52 percent satisfaction rating in its 2024 client satisfaction measurement, following the guidelines set by the Anti-Red Tape Authority and the Governance Commission for government-owned and -controlled corporations. / PR