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Manila Bulletin devider Business devider DBP grants P1.6-B loan to Central Luzon hospital

DBP grants P1.6-B loan to Central Luzon hospital

Published Feb 24, 2022 02:38 pm

Present during the signing of the loan agreement were (sitting, from left) LAMCI Treasurer Dra. Jane Cleofe-Panaligan; DBP Senior Vice President Catherine T. Camarao; LAMCI President Dr. Oscar C. Evangelista; DBP President and Chief Executive Officer Emmanuel G. Herbosa; LAMCI Chairman Dr. Roberto M. De Leon; and DBP Senior Vice President Paul D. Lazaro. Joining them were (standing, from left) LAMCI Director Dr. John Jerlyn G. Cruz; LAMCI Founder Sheila E. Mendoza; DBP Regional Lawyer Atty. Jose Manuel J. Calderon; DBP Senior Manager Manuel B. Coronel; DBP Manager Joanna Lyn A. Luna; LAMCI Director Dr. Elvin O. Lim; LAMCI Director Dr. Paul Ruel C. Camina; LAMCI Hospital Architect and Founder Alexander R. Balce; and DBP Senior Assistant Vice President Regin C. Soliman.

The Development Bank of the Philippines (DBP) extended a P1.6-billion loan to Luzon Alliance Medical Center, Inc. (LAMCI) for building an eight-storey hospital, one of the largest in Guiguinto, Bulacan.

The new LAMCI facility provides an additional 200 beds plus a cancer treatment facility to serve the needs of Central Luzon patients.

“DBP provides sustainable financing to providers of quality health care services to low-income groups in underserved communities,” remarked President and Chief Executive Officer Emmanuel G. Herbosa.

“This will likewise enable the health sector to remain competitive amidst the backdrop of uncertainty in public health brought about by the pandemic,’’ he added.

The LAMCI loan falls under the DBP Strategic Healthcare Investment for Enhanced Lending (DBP SHIELD) program.

As of year end, DBP has released a total of P12.95-billion in loans under DBP SHIELD, enabling both public and private hospitals to modernize their services.

The DBP SHIELD program aims to strengthen the country’s overall health care system and universal health coverage.

It provides financial assistance to all hospital levels and other health facilities such as laboratories, diagnostic centers, clinics, and primary care providers.

“DBP is committed to provide financial support to the Philippine health sector for a more healthy and resilient Philippines,” Herbosa stressed.

DBP is the fifth largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development.

Related Tags

dbp dbp president emmanuel herbosa LAMCI DBP SHIELD PROGRAM
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