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 prexy hailed as Outstanding CEO by international finance body

PR 11/13/2021

CEBU, Philippines — State-owned Development Bank of the Philippines (DBP) President and Chief Executive Officer Emmanuel G. Herbosa was named Outstanding CEO in the recently-concluded Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development…

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…

Debt free: Mandaue fully pays loan

Mary Rose Sagarino 09/22/2021

MANDAUE CITY, Cebu— Mandaue City has officially became a debt-free LGU after it fully paid its remaining P22 million loan. Lawyer John Eddu Ibañez, executive secretary of Mandaue City Mayor Jonas Cortes, said the certificate of full…

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 bankrolls solar-powered irrigation systems in Lanao del Sur

PR 09/03/2021

CEBU CITY, Philippines –State-owned Development Bank of the Philippines (DBP) has granted a P115-million term loan for the installation of six solar-powered irrigation systems (SPIS) in one of the largest municipalities in the province of Lanao del…

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…

ECD launched in Cebu, residents can now take out loans for business

Delta Dyrecka Letigio 03/05/2021

CEBU CITY, Philippines — The Cebu Provincial Government has partnered with three banks to provide loans for provincial residents venturing into food production businesses for the Enhanced Countryside Development (EDC). Governor Gwendolyn Garcia, representing the Capitol, signed…

Capitol, banks eye P20 B start-up for countryside dev’t

Rosalie O. Abatayo 05/26/2020

CEBU CITY, Philippines — The Cebu provincial government will be partnering with three banks to put up a P20 billion fund to capacitate farmers and fisherfolks for countryside development and to achieve self-sufficiency for the province. In…

CCPO to open new office for police clearance processing

Nestle L. Semilla 11/03/2017

 The Cebu City Police Office is set to open a new police clearance office at Gorordo Ave., Cebu City. The Development Bank of the Philippines Data Center Inc., which will serve as the service provider, said that…

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