NextGen Day

According to the letter made public by Malacanang on Monday, Marilene C. Acosta has been named acting chief executive officer of Pag-IBIG Fund, succeeding Acmad Rizaldy P. Moti as leader of the nation’s top home financing organization.

Acosta has worked with the Pag-IBIG Fund since 1981. He is an Ilocos Sur native from Narvacan.

Since beginning her career as an accounting clerk in the Pag-IBIG Fund’s Baguio Regional Office, she has advanced to become a Certified Public Accountant (CPA) and Career Executive Service Officer (CESO) V.

From March 2017 until September 2022, she served as the Pag-IBIG Fund’s Deputy CEO for Home Lending. During that time, the agency consistently released record-high housing loan amounts, allowing many members to buy their own homes.

She expressed her gratitude for the support she received upon being assigned to the position from our chairperson, DHSUD Secretary Jose Rizalino Acuzar, and President Ferdinand Marcos, Jr.

Acosta also expressed gratitude to the Organization of Socialized and Economic Housing Developers in the Philippines (OSHDP), Inc., and the Subdivision and Housing Developers Association (SHDA), Inc. for their endorsements, as well as to Moti and other Pag-IBIG team members.

“I reassure them all, as well as our members, partner-developers, partner-employers, and stakeholders, that we at Pag-IBIG Fund will continue to be devoted to giving them promptly, top-notch service. I was well-prepared for this position of my more than 40 years of public service with Pag-IBIG Fund, and I will use everything I have learned over the past 40 years to make sure that we continue to carry out our mandates and offer Tapat na Serbisyo, Mula sa Puso, Acosta stated.

On the other hand, Moti applauded Acosta’s selection and said it would guarantee consistency in the agency’s strategies for maintaining and expanding on its numerous successes in recent years.

“Among the crucial elements that have helped Pag-IBIG Fund achieve several record-highs and milestones, notably in the house financing front, are CEO Acosta’s leadership, quality, ethics, and fortitude. Her appointment will enable the Pag-IBIG Fund’s initiatives to improve the lives of all Filipino workers to continue and be sustainable. I sincerely hope for the best for her and Pag-IBIG,” stated Moti.

Moti departs Pag-IBIG Fund in its best-ever condition, with notable improvements in key metrics from 2016, the year before he took over as CEO.

The agency’s total assets as of August 2022 were PHP795.93 billion, an increase of 81 percent from PHP439.30 billion as of year-end 2016; a single-year home loan release of PHP100.8 billion in 2021; an annual home loan takeout of PHP57.3 billion six years ago; PHP25.95 billion saved voluntarily by members in MP2 Savings in 2021; an increase of 3,065 percent from PHP0.82 billion saved in 2016; and investable funds totaling PHP92.

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