MALACAÑANG has appointed Pag-IBIG Deputy CEO Acmad Rizaldy P. Moti as the agency’s Officer-in-Charge after Atty. Darlene Marie B. Berberabe stepped down as CEO on February 28, 2017.
In a Memorandum signed by Executive Secretary Salvador C. Medialdea, Moti was designated as OIC “in the exigency of service and to ensure the uninterrupted delivery of public service… effective immediately.” The Memorandum was released on March 1.
“I am very thankful for this opportunity. It is a challenge as Atty. Berberabe is a tough act to follow. We are grateful for working with Atty. Berberabe. The Pag-IBIG Fund accomplished a lot under her term. It is important to continue her initiatives for the benefit of our members and we will always be mindful of our duty to the public,” Moti said.
Marawi born Moti joined Pag-IBIG Fund as Senior Vice President of the Fund’s IT sector from July 2008 before he was assigned as Deputy CEO for Home Lending in October 2011.
As head of the Home Lending Sector, he is credited for Pag-IBIG’s highest ever housing loan takeouts of P57.3 billion in 2016; improving the agency’s performing loans ratio to a historic 89.5 percent in 2016 from 75 percent in 2011; and increasing in 2016 the disposal of acquired assets to P8.7 billion, which is equivalent to a growth of 500 percent compared to 2011 and 100 percent compared to 2015.
“We are reaping the benefits of the reforms we have implemented a few years ago. My commitment is to continue with the same level of integrity and excellence that Atty. Berberabe modeled in the way we do business in Pag-IBIG Fund. We will keep on working with all our stakeholders so that our members will continue to enjoy the improved benefits that they are receiving now like bigger housing loans and short term loans at more affordable rates, faster transactions, and our presence in more convenient locations nationwide,” Moti said.
Prior to joining Pag-IBIG Fund, he was an experienced IT executive of Chinatrust (Phils.) Commercial Bank Corp. and Asia United Bank. He also served as Chief Operating Officer of programming and software design firm 25by8, Inc. for six years.
Moti graduated from the University of the Philippines Diliman with a degree in BS Computer Science in 1995. He completed his academic requirement for his Master’s Degree in Computer Science in 2000 while teaching programming languages for more than three years, also in UP.