DBP chief honored in Cagayan rites

Development Bank of the Philippines (DBP) President and Chief Executive Officer Cecilia C. Borromeo was one of the four awardees of the 2nd Dangal ng Lahing Cagayano Search held at the Cagayan Sports Coliseum in Tuguegarao City last June 29. The Dangal ng Lahing Cagayano aims to recognize outstanding, exemplary and distinguished Cagayanos who have made a name not only in the province, but also in the national and international arena. Ms. Borromeo, who hails from Pamplona, Cagayan, was cited for her contributions to nation-building as head of DBP, the country’s eighth largest bank in terms of assets. Under her leadership, DBP sharpened its focus on lending for the infrastructure and logistics sector in support of the Duterte administration’s “Build, Build, Build!” program. In 2017, DBP achieved the highest growth in net income in the entire local banking industry at 21.43%, reaching P5.1-billion from P4.2 billion in 2016. In photo are Ms. Borromeo (center), joined (from L-R) by Bishop Philip Pattaguan, Cagayan Board member Pastor Rosuello, daughter Celina Julia C. Borromeo, husband Juanito A. Borromeo, Cagayan Board member Rodrigo De Asis, and Cagayan governor Manuel Mamba during the awarding ceremony.