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...
State-run Development Bank of the Philippines (DBP) has started extending loans to enterprises badly hit by the economic shock of the pandemic and earmarked interest subsidies to local government units (LGUs), the Department of Finance (DOF) said. In a report submitted to the DOF, Emmanuel G....
State-lenders Land Bank of the Philippines and the Development Bank of the Philippines (DBP) received their largest capital infusions from the national government during the Duterte administration. In a statement, the Department of Finance (DOF) said the government infused a total of P53.3 billion...
The Development Bank of the Philippines (DBP) granted a P100-million revolving credit line to Centro Manufacturing Corporation (CMC) to finance its assembly of truck bodies, automotive parts and accessories. The loan will support the production of 3,000 units of various types of trucks and...
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 Development Bank of the Philippines (DBP) signed a P760-million term loan agreement with Allied Care Experts (ACE) Medical Center - Pangasinan, Inc. to boost the hospital chain's capacity. ACE Medical Center, a nationwide network of hospitals, will use the loan to construct a seven-storey...
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 Development Bank of the Philippines (DBP) needs to change its charter and triple its authorized capital from P35 billion to P100 billion to broaden its credit assistance to priority sectors. “The proposed amendments to the DBP Charter would be a boon to our efforts to undertake...
The national government has infused new capital to the Development Bank of the Philippines (DBP) to provide additional buffer for the state-lender’s coronavirus response programs. In a statement, Finance Secretary Carlos G. Dominguez III said the government has recently released P12.5 billion in...
The Development Bank of the Philippines (DBP) has granted a P4.17-billion loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte. "The project will increase the shipyard's capacity from 10,000 Deadweight tonnage (DWT) to 200,000...
The Development Bank of the Philippines (DBP) granted a P645-million loan to expand the banana flour and coconut sugar manufacturing facilities of Hijo Superfoods, Inc. (HSI). The bank's credit support to "Project Honeycomb" of HSI, a start-up unit of the Hijo Resources Group, would boost its...
The Development Bank of the Philippines (DBP) granted a P416-million credit line to the country’s first large-scale offshore mining firm, JDVC Resources Corporation. The loan will boost JDVC's local production of iron ore to meet rising demand as the global economy recovers, according to...
