DBP funds P481M regional nuclear medicine hub

Published November 20, 2020, 11:50 AM

by Emmie V. Abadilla

Present during the signing of the loan agreement were (from left) GCCII Surety Officer Dr. Virma Consuelo Ramos, GCCII President Dr. Necy S. Juat, DBP Senior Vice President Abelardo L. Monarquia, GCCII Chairman Dr. Celso S. Ramos, GCCII Treasurer Dr. Crisleen C. Mujer, DBP Senior Assistant Vice President Violeta A. Dela Torre, and GCCII Corporate Secretary Mildred B. Llanto. Also present to witness the ceremony were DBP Regional Lawyer Atty. Michael Vernon R. De Gorio, DBP Account Officer Christina P. Añoso, DBP Assistant Vice President Dinah P. Orendain-Guiao, GCCII Director Dr. Robert Joseph B. Almoro, GCCII Legal Officer Atty. Cirilo B. Bayoneta, Jr., and GCCII Director Engr. Ricardo Celino.)

The Development Bank of the Philippines (DBP) signed a P481-million term loan for Global Care Cancer Institute, Inc. (GCCII) to finance a three-storey cancer treatment facility in Bay, Laguna, which is also envisioned to be a nuclear medicine hub in the region.

“We are one with GCCII in its mission to deliver better and affordable cancer treatment to our countrymen in Southern Luzon,” declared DBP President and Chief Executive Officer Emmanuel G. Herbosa.

“By equipping the Institute with the necessary funding assistance, DBP is also fulfilling its mandate to boost the overall capacity of the country’s health care system at large,” he pointed out.

The GCCII’s three-storey hospital building will be built on a 5,407 square meter lot, complete with bunker rooms, roof deck and state-of-the art machinery and equipment.

It will cater to the health care requirements of residents in the South, particularly those based in Laguna, Quezon and Bicol.

Trained professionals with extensive training in diagnostic and therapeutic nuclear medicine from different institutions will man the hospital.

The funding for the cancer facility came under the DBP Strategic Healthcare Investment for Enhanced Lending & Development (SHIELD) program meant to boost delivery of quality health care services in the country.

DBP SHIELD is a specially designed program financing hospitals, laboratories, diagnostic centers, clinics and primary care providers including pharmacies, family physician clinics in need of health care facilities and equipment.

As of June 2020, the DBP SHIELD has lent out a total of P11.07-Billion to 89 borrowers in various parts of the country.

“In this extraordinary time where we gear-up for a certain level of normalcy, DBP vows to continue supporting initiatives to improve quality health services for every Filipino,” according to Herbosa.

DBP is the seventh largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics, MSMEs, social services and community development, and the environment.