President Rodrigo Duterte has appointed new board members for Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) amid a leadership reshuffle at government financial institutions.

In appointment papers dated February 15, 2019 and released to the media on Wednesday, Duterte named DBP President and Chief Executive Officer (CEO) Cecilia Borromeo as a member of Land Bank’s board of directors.

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