DBP bags two international awards

PR 11/24/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) bagged two awards for its development projects on human capital development and financial inclusion in the recently-concluded Association of Development Financing Institutions in Asia and the…

DBP installs ATMs in Ticao Island, Masbate

11/06/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) recently installed automated teller machines (ATMs) in the underbanked municipalities of San Jacinto and San Fernando in Ticao Island in the province of Masbate, a top…

DBP extends P38-billion in economic recovery assistance to LGUs

10/22/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) has approved P38.28-billion in financing assistance to 110 local government units for the first six months of the year to accelerate the implementation of critical infrastructure…

DBP approves P40-billion infra loans

PR 10/07/2021

State-owned Development Bank of the Philippines (DBP) has approved P39.5-billion in loans under its flagship credit program that aims to address funding gaps in infrastructure development in the country, a top official said. DBP President and Chief…

DBP extends P8.5-billion in rehabilitation and recovery financing

09/17/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) has approved P8.5-billion in funding support for the rehabilitation efforts of both public and private institutions adversely affected by the current public health crisis, a top…

DBP increases loan portfolio; sustains deposit growth in 1Q 2021

08/06/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) continues to broaden its support for the developmental projects of key economic sectors with P414.72-billion in total loans to borrowers as of the end of March…

Gwen asks banks to extend loan terms for jeepney operators, drivers

Rosalie O. Abatayo 07/20/2020

CEBU CITY, Philippines — Cebu Governor Gwendolyn Garcia has appealed to government banks anew to extend the payment term of the loans of public utility jeepney (PUJ) operators for the modernization of their fleet amid the economic…

Yap to gov’t agencies: Help small businesses recover from pandemic

Doris C. Bongcac 05/30/2020

MANDAUE CITY, Cebu – Bohol Governor Arthur Yap is planning to avail of a loan from government banks and pass on the proceeds of the loan “to small businesses who need the working capital” to recover from…

DBP to contractors: Avail of ICONS

Jose Santino S. Bunachita 05/29/2018

In support to the administration’s Build Build Build thrust, state-owned Development Bank of the Philippines (DBP) is encouraging contractors to avail of their new loan facility for infrastructure projects. The bank’s Infrastructure Contractors Support Program (ICONS) is…

PB authorizes gov for loan pact with DBP

Rosalie O. Abatayo 05/08/2018

The Cebu Provincial Board authorized Gov. Hilario Davide III to enter into negotiations with the Development Bank of the Philippines to finance construction of a 20-storey multipurpose modern building at the Capitol Compound. During Monday’s regular session,…

PASSI secures P120 million loan for expansions

Aileen Garcia-Yap 05/08/2017

A Cebu-based company engaged in medical and septage waste treatment business has secured a P120 million loan from the Development Bank of the Philippines (DBP) to finance upgrading and expansions set this year. In an interview, Pollution…

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