In the Philippines, development financing institutions play a pivotal role in the quest for sustainable growth and development. And at the helm of the country’s march toward progress is the Development Bank of the Philippines. As the country’s pre-eminent development financial institution, DBP has taken upon itself the strategic task of influencing and accelerating sustainable economic growth, through the provision of resources, for the continued well-being of the Filipino people.
The DBP, under its new charter, is classified as a development bank and may perform all other functions of a thrift bank. Its primary objective is to provide banking services principally to cater to the medium and long-term needs of agricultural and industrial enterprises with emphasis on small and medium-scale industries.
The affairs and business of the Bank are directed, and its properties managed and preserved, and its corporate powers exercised by a Board of Directors consisting of nine (9) members appointed by the President of the Republic of the Philippines. The Chief Executive Officer of the Bank is also the President who is elected by the Board of Directors. The President is also the Vice Chairman of the Board.
Products and Services
The Development Bank of the Philippines offers a wide range of products and services that address specific funding and banking needs of its various clients -- from project financing to a wide choice of deposit and investment products and services.
DBP likewise offer trade products and services, transfer and remittance services, and treasury products and services.
Loans are available through the Bank's retail lending and wholesale lending operations for capital assets investments and working capital.
Development Financing
DBP is the premier government financial institution dedicated to supporting the national government’s key development programs.
It has diligently put in place a comprehensive framework to spur progress in vital sectors of the economy focusing on four major areas - infrastructure and logistics; social services; micro, small and medium enterprises; and environment.
DBP works hand-in-hand with key players from both the private and public sectors such as local government units, national agencies, private corporations, multilateral and bilateral lending institutions, private banks, rural banks, cooperatives, amongst others, in carrying out its various development programs and initiatives.
Corporate Social Responsibility Programs
DBP has strengthened its corporate social responsibility efforts, enabling it to share the benefits of its continued financial success with disadvantaged sectors of the society. The Bank’s CSR initiatives are grouped into three major areas: education, environment, and OFW advocacy.
Education - Through the DBP Endowment for Education Program (DEEP), the Bank sends poor but deserving high school students to college. Scholarship assistance covers the whole range of the students’ requirements, including books, cost of living, and allowances.
Environment – the DBP Forest Program is a non-credit program that aims to stop denudation and restore the country’s forest cover through organized collaboration with government and non-government organizations, state universities and colleges, people’s organizations and other qualified forest partners.
OFW Advocacy - DBP promotes the welfare of overseas Filipino workers and their families through an integrated and focused approach in uplifting the sector.
