Plantersbank appoints Carlos Borromeo as president

MANILA, Philippines - Planters Development Bank (Plantersbank) announced the appointment of Carlos M. Borromeo as president and COO of the bank effective Jan. 1.

“We believe in Carlos Borromeo’s leadership capabilities, which are consistent with our mission and vision to develop and enable entrepreneurs in the country,” said Plantersbank chairman and CEO Ambassador Jesus P. Tambunting.

The appointment of Borromeo, a business professional who now has over 22 years of banking experience in both front-line and support functions, is also seen to augur well for small- and medium-scale enterprises as it signals a renewed commitment from the bank to continue offering services tailor-fit for budding entrepreneurs.

Borromeo, 46, first joined the bank in January 2012 as executive vice president and chief financial officer.  An alumnus of Ateneo de Manila University with a Bachelor of Arts degree in Economics, Borromeo also holds a Masters in Business Management from the Asian Institute of Management, graduating with high distinction. A Student Achievement awardee from the Asian Wall Street Journal, Borromeo has since coached and mentored bank management trainees from a number of financial institutions. He has also conducted trainings in Asset Liability Management for both the Money Market Association and the Bankers Institute of the Philippines, Inc. (BAIPHIL). 

In accepting his appointment, Borromeo said, “I am honored and delighted to be able to lead Plantersbank, the country’s lead bank for SMEs, to greater heights this year even as I look forward to working with the company’s dedicated employees to bring innovative products and personalized services to our clients all over the country.” 

Plantersbank is currently the largest privately-owned and managed development bank in the Philippines with total assets of over P50 billion and a nationwide network of 74 branches. Its prestigious international shareholders include  World Bank’s International Finance Corporation (IFC), the Asian Development Bank (ADB) and the Netherlands Development Finance Company (FMO).