Pag-IBIG Fund granted socialized home loans to 5,074 members from the minimum-wage and low-income sectors totaling P2.2 billion in the first three months of 2021 despite the continuing pandemic, according to the top executives of the agency. Socialized home loans make up about 25% of the 20,712...
The Development Bank of the Philippines (DBP) granted a P195-million term loan to a San Juan City-based educational institution to fund a six-story building for its permanent offices and school. The bank’s assistance to the Community of Learners Foundation, Inc. (COLF) was made under the bank’s...
The Development Bank of the Philippines (DBP) granted a P1.275-billion loan to Allied Care Experts (ACE) Medical Group to improve their hospitals in Northeast and Central Luzon. ACE will spend P655-million to build a 101-bed five-storey Level 2 hospital building and acquire various medical...
Development Bank of the Philippines (DBP)’s total assets reached P1.04-trillion last year, up 37 percent from P761.24 billion in 2019, as deposits grew 47.6 percent to P817.9 billion and investments increased 26 percent to P260.1 billion. Development Bank of the Philippines headquarters in Makati...
The government has already secured $1.2 billion in loans to fund the purchase of coronavirus vaccines, but the Duterte administration’s chief economic manager said their rollout hinges on the suppliers’ ability to deliver the ordered doses. Finance Secretary Carlos G. Dominguez III said on...
Slows down branch expansion BPI Direct BanKo (BanKo), the savings bank subsidiary of Bank of the Philippine Islands (BPI) specializing in micro enterprises financing for as low as P25,000 up to P150,000 collateral-free, is targeting the grant of P7 billion micro loans this year to help micro...
Cebu Air, Inc. (CEB) today ( March 5) signed a P16 billion ten-year term loan facility with a syndicate of domestic banks. The airline's lenders include the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP), along with Asia United Bank Corporation (AUB), Bank of the...
The Japan International Cooperation Agency (JICA) has disbursed another loan to the Philippines in supporting families devastated by recent typhoons in the last quarter of last year. In a statement, Azukizawa Eigo, JICA Philippines chief representative, said they have released 10 billion yen,...
The Development Bank of the Philippines (DBP)'s loan portfolio grew 13.91 per cent to P374.85-billion for the first nine months of the year, with the bulk, or P175.72-billion, going to the infrastructure and logistics sector, announced DBP President and Chief Executive Officer Emmanuel G. Herbosa....
The Asian Development Bank (ADB) approved a fresh loan to the Philippines to help build elevated pathways in four areas along the Epifanio de los Santos Avenue, commonly known as EDSA. Design image of the elevated walkways on EDSA to be constructed with financing from a new ADB loan In a statement,...
The Development Bank of the Philippines (DBP) is granting P1 billion interest rate subsidies for local government unit (LGU) loans covering pandemic-related projects. The government, under its Bayanihan 2 fund, allotted P1 billion each to the DBP and the Land Bank of the Philippines to subsidize...
The country’s external debt service burden decreased by 11.11 percent to $4.934 billion as of end-August from $5.551 billion same time last year, according to the Bangko Sentral ng Pilipinas (BSP). Debt service burden is payment made to both principal and interest on both the public and...
