Philippine housing fund joins ADFIAP

The Home Development Mutual Fund (HDMF), commonly known as Pag-IBIG Fund in the Philippines, has joined ADFIAP to benefit from the experiences and best practices of the Association as well as to learn and network with same-purposed ADFIAP members.

Pag-IBIG is an acronym which means Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno (translated to as “Helping Each Other for the Future: You, the Bank, Industry and Government”). The Pag-IBIG Fund maintains to bind these four divisions of the society to work together towards giving Fund members with sufficient housing through an efficient savings system.

Pag-IBIG Fund was established on June 11, 1978 by virtue of Presidential Decree No. 1530 to address the need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund’s mission and vision are to uplift the quality of life of members through savings and to be the premier and globally-competitive provident financial institution, respectively.

Pag-IBIG Fund joins similar institutions in the ADFIAP membership which includes, among others, the National Housing Bank of India, House Building Finance Company, Ltd. of Pakistan, Oman Housing Bank, and Samoa Housing Corporation.

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