Manila, March 3 -- Finance Secretary Carlos Dominguez III has sworn into office on Friday Cecilia Borromeo as President-CEO of the Land Bank of the Philippines (LANDBANK), Emmanuel Herbosa as President-CEO of the Development Bank of the Philippines (DBP) and Alberto Francisco Pascual as President-CEO of the Philippine Export-Import Credit Agency (PhilEXIM), the Department of Finance (DOF) announced in a statement.

Borromeo returns to LANDBANK after leaving in 2016 as its officer-in-charge (OIC) to serve DBP as its President-CEO. She replaced Alex Buenaventura as head of LANDBANK.

Borromeo honed her banking and management skills in LANDBANK where she started her career in 1989. She rose through the ranks and served as LANDBANK's Executive ...