Acosta appointed as Pag-IBIG Fund CEO

A letter released by Malacañang on Monday (19 September) announced that Marilene C. Acosta has been appointed as acting Chief Executive Officer of Pag-IBIG Fund, succeeding Acmad Rizaldy P. Moti as head of the country's leading home financing agency.

Acosta, who hails from Narvacan, Ilocos Sur, has been with Pag-IBIG Fund since 1981. A Certified Public Accountant and Career Executive Service Officer V, she rose from the ranks since starting her career as an accounting clerk in Pag-IBIG Fund's Baguio Regional Office. During her tenure as Pag-IBIG Fund Deputy CEO for Home Lending from March 2017 to September 2022, the agency released consistent record highs in housing loans, which then enabled a record-high number of members to acquire their own homes.

"I am grateful for the trust that President Ferdinand Marcos, Jr. and our Chairperson, DHSUD Secretary Jose Rizalino Acuzar have given me on being appointed to this post," said Acosta.

"I also thank outgoing CEO Moti and my fellow Lingkod Pag-IBIG for their support, as well as the Organization of Socialized and Economic Housing Developers in the Philippines, Inc. and the Subdivision and Housing Developers Association, Inc. for their endorsements. I assure all of them, as well as our members, partner-developers, partner-employers, and stakeholders, that we at Pag-IBIG Fund shall remain committed to providing them responsive and excellent service. My more than 40 years of public service in Pag-IBIG Fund has prepared me well for this post, and I will put to best use all that I have learned during the past four decades in ensuring that we continue the fulfillment of our mandates and in providing Tapat na Serbisyo, Mula sa Puso."

Outgoing Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti hailed Acosta's appointment. He said that this would ensure continuity in the agency's directions toward sustaining and building on the many gains it has accomplished over the recent years.

"CEO Acosta's leadership, excellence, integrity, and grit are among the key factors that have enabled Pag-IBIG Fund to accomplish numerous record highs and milestones, particularly in the home financing front. Her appointment shall allow the continuity and sustainability of Pag-IBIG Fund's efforts to uplift the lives of all Filipino workers. I truly wish her and Pag-IBIG all the best," Moti said.

Moti leaves Pag-IBIG Fund in its strongest-ever state, posting significant increases in key metrics from 2016 — the year prior to assuming his post as CEO. As of August 2022, the agency has P795.93 billion in total assets, an 81 percent increase from P439.30 billion as of yearend 2016; a P100.8 billion single-year home loan release in 2021, a 76 percent increase from the annual home loan takeout of P57.3 billion six years ago; P25.95 billion voluntarily saved by members in MP2 Savings in 2021, a 3,065 percent increase from the P0.82 billion saved in 2016; investible funds amounting to P92.56 billion, a 49 percent increase from P62.15 billion in 2016; and an annual net income of more than P30 billion for five consecutive years since 2017.