State-owned Development Bank of the Philippines (DBP) has relocated its two branches as part of efforts to make its customer touchpoints more accessible to the public, a top official said. DBP President and CEO Michael O. De Jesus said that the latest office relocation of DBP P. Tuazon Branch in...
The Bangsamoro Government is poised to take over the Development Bank of the Philippines' (DBP) shares in the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), a move that aims to strengthen its economic autonomy and support development initiatives in the region. Finance Secretary...
Many cooperatives that borrowed from the Development Bank of the Philippines (DBP) have struggled to meet their obligations under the public utility vehicle (PUV) modernization program, the bank's chief executive said. During a Senate budget hearing on Tuesday, Aug. 27, Michael de Jesus, DBP...
Finance Secretary Ralph G. Recto said that the national government will expand the authorized capital stock of the Land Bank of the Philippines (Landbank) to P1 trillion. Recto told reporters that the amendments to the charters of the two major state-run banks Landbank and the Development Bank of...
State-owned Development Bank of the Philippines (DBP) is actively engaging several state corporations based in Central Luzon in a bid to expand its services to priority clientele especially those outside of its traditional market and city centers, a top official said. DBP President and Chief...
State-owned Development Bank of the Philippines (DBP) is working closely with the Department of Finance (DOF), state regulators and legislators in introducing reforms in its 26-year-old charter to cater to the demands of an ever-changing market and rapidly-evolving economic landscape, a top...
The Development Bank of the Philippines (DBP) is seeking to introduce reforms, including a massive capital hike to P300 billion, through amendments to its 26-year-old charter. In a statement, the state-owned bank said it is working closely with the Department of Finance (DOF), state regulators and...
State-owned Development Bank of the Philippines (DBP) has expressed renewed interest in providing financing to critical public infrastructure projects as it seeks optimal mobilization of the P8.75-billion in fresh funds from its latest local bond issuance, a top official said. DBP President...
The Department of Finance (DOF) is exploring changes to the charters of the Land Bank of the Philippines and the Development Bank of the Philippines (DBP) to pave the way for their potential public listing. Finance Secretary Ralph G. Recto, speaking at a reception hosted by the Philippine Stock...
After the shelving the planned merger, the Department of Finance (DOF) is now considering the public listing of Land Bank of the Philippines and the Development Bank of the Philippines (DBP). On Wednesday, Feb. 14, Finance Secretary Ralph G. Recto told Manila Bulletin that informal discussions have...
The Bureau of the Treasury is set to disburse the P75 billion seed capital to the Maharlika Investment Corp. (MIC) sourced from the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). This decision comes following the approval by the MIC Board, chaired by Finance...
To enhance investment returns, the Social Security System (SSS) has tapped two government-owned banks to serve as its local fund managers for the next three-year period. Rolando Ledesma Macasaet, SSS president and chief executive officer said, the pension fund has allocated P2 billion in...
