Development Bank of the Philippines at a Glance

The Development Bank of the Philippines is a government-owned bank that has been around since 1954. It was established to provide financing for development projects and programs in the country.

The bank's primary mandate is to support economic development by providing financing for projects that promote economic growth, reduce poverty, and improve the quality of life of Filipinos. Its main goal is to contribute to the country's economic development.

DBP has a wide range of products and services, including loans, guarantees, and investments. These products are designed to meet the needs of various sectors, including infrastructure, agriculture, and small and medium-sized enterprises.

DBP has a strong presence in the country, with 44 branches and 21 regional offices. This extensive network enables the bank to reach out to more clients and provide them with the financial assistance they need to grow their businesses.

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The Development Bank of the Philippines (DBP) has a rich history that dates back to the Commonwealth Era. In 1935, the National Loan and Investment Board (NLIB) was created to manage various government trust funds.

DBP's early beginnings can be attributed to the NLIB, which was later abolished in 1939 and replaced by the Agricultural and Industrial Bank (AIB). AIB continued operations until World War II.

The Rehabilitation Finance Corporation (RFC) was established in 1947, taking over the functions of the AIB and providing credit facilities for the development of agriculture, commerce, and industry. This marked the beginning of DBP's role in promoting national economic development.

DBP was reorganized in 1958, with an initial capital of ₱500-million, and set out to expand its facilities and operations to support economic growth. It established a nationwide branch network and tapped local and foreign resources to complement its capital.

In the late 1970s and early 1980s, DBP faced challenges due to non-performing accounts, which undermined its viability. However, the bank was reorganized in 1986, with President Corazon Aquino issuing Executive Order No. 81, which gave it a new charter and transferred non-performing assets and liabilities to the government.

DBP's charter was amended in 1998, allowing it to increase its authorized capital stock from ₱5-billion to ₱35-billion. The bank also gained universal banking status in 1995, granting it an expanded banking license.

Today, DBP remains committed to its mission, contributing significantly to the nation's growth and the well-being of the Filipino people.

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The Development Bank of the Philippines (DBP) has a well-defined organization and structure. The DBP is directed and managed by a board of directors consisting of nine members, all appointed by the President of the Philippines.

The board of directors plays a crucial role in overseeing the affairs and business of DBP, with a term of office that lasts for one year or until their successors are appointed. The chairman of the board is appointed by the President from among the members, with the provision that the chairman and president positions are not held by the same person.

The DBP chairman presides at meetings of the board, while the president serves as vice-chairman and assists the chairman in their absence or incapacity. The president is elected by the board from among themselves, with the advice and consent of the President of the Philippines.

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The DBP is directed and managed by a board of directors consisting of nine members, all appointed by the President of the Philippines. They serve for a term of one year or until their successors are appointed.

The board of directors appoints the chairman from among its members, with the position of president not being held by the same person. This ensures a separation of roles.

The chairman presides at meetings of the board, while the president serves as vice-chairman, assisting the chairman and acting in their stead in case of absence or incapacity. This setup promotes a smooth operation of the board.

The DBP president is elected by the board of directors from among themselves with the advice and consent of the President of the Philippines. They have a crucial role in executing the bank's policies and measures.

The DBP board of directors provides for the organization and staff of officers and employees, and upon the president's recommendation, fixes their remuneration and other emoluments. This includes the compensation and position classification system, which is based on a comprehensive job analysis.

DBP has a strong network of subsidiaries and affiliates that play a crucial role in its operations.

DBP's subsidiaries include Al-Amanah Islamic Investment Bank of the Philippines, which provides Islamic banking services to the public. This subsidiary is a key player in DBP's efforts to cater to the growing demand for Islamic financial products in the country.

DBP Leasing Corporation is another important subsidiary that offers leasing and financing solutions to businesses and individuals. With its expertise in asset management, DBP Leasing Corporation helps its clients achieve their goals by providing them with the necessary capital to invest in new equipment, vehicles, and other assets.

DBP Data Center, Inc. is a subsidiary that focuses on providing data center and IT services to DBP and other organizations. This subsidiary helps DBP maintain its IT infrastructure and ensure that its systems are running smoothly and efficiently.

DBP Management Corporation is a subsidiary that handles the management of DBP's various business units and subsidiaries. This subsidiary plays a critical role in ensuring that DBP's operations are running smoothly and that its goals are being achieved.

Here are some of DBP's notable subsidiaries:

The Development Bank of the Philippines has a strong leadership team in place. Philip G. Lo serves as the Chairman of the bank.

Michael O. de Jesus is the President and Chief Executive Officer, overseeing the bank's operations and strategy. He is responsible for driving the bank's growth and development.

The bank's leadership team includes several directors, each bringing their expertise and experience to the table. Roberto V. Antonio, Emmeline C. David, Wilma T. Eisma, Victor Alfonso A. Limlingan, and Jaime Z. Paz serve as directors, contributing to the bank's decision-making process.

Here is a list of the key officials of the bank:

The Development Bank of the Philippines (DBP) offers a wide range of services that cater to various needs of its clients.

One of the notable services offered by DBP is its lending programs, which provide financial assistance to micro, small, and medium-sized enterprises (MSMEs) as well as large corporations.

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DBP also provides advisory services to its clients, helping them to improve their business operations and management.

In addition, DBP offers deposit services, allowing clients to store their funds safely and securely.

DBP's services also include its role as a depository bank, providing a secure and convenient way for clients to manage their funds.

DBP's commitment to serving the needs of its clients is evident in its provision of financial assistance to various sectors, including agriculture, infrastructure, and social services.

The bank's services are designed to promote economic growth and development in the Philippines, making it an essential institution for the country's progress.

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The Development Bank of the Philippines (DBP) has consistently released its Annual Performance and Compliance to Philippine Insurance (APCPI) results and financial statements.

DBP published its 2018 to 2022 APCPI results and financial statements on August 15, 2023.

The data covers a five-year period from January 1, 2018 to December 31, 2022.

DBP released this information in response to a request from B. Jaugan on August 15, 2023.

The request was made for academic purposes, specifically for an undergraduate thesis.

The tracking number for this request is #DBP-483138058303.

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The Development Bank of the Philippines (DBP) plays a fundamental role in the country's national development, focusing its efforts on sectors crucial to the nation's growth.

DBP invests in building and improving essential infrastructure like roads, bridges, power plants, and irrigation systems, which are more than just constructions; they are lifelines that connect communities, enhance accessibility, and improve the quality of life.

These sectors include Infrastructure Development, Rural Development Initiatives, Support for MSMEs, and Environmental Sustainability. DBP's support in the form of loans, technical assistance, and capacity-building programs is crucial for job creation, fostering innovation, and driving inclusive economic growth.

DBP's influence extends far beyond financial contributions, as evidenced by several key projects, such as the Pantabangan Multipurpose Project, which provides irrigation to vast tracts of land, generates significant hydropower, and aids in flood prevention.

Here are some key areas where DBP has made a significant impact:

The impact of DBP's contributions is visible across the Philippines, with tangible results including stronger bridges, smoother roads, and a more reliable power supply, directly benefiting millions of Filipinos.

The Development Bank of the Philippines (DBP) plays a vital role in financing key infrastructure projects across the country. By investing in roads, bridges, power plants, and other crucial infrastructures, DBP creates jobs, improves connectivity, and stimulates economic activities.

DBP's influence extends far beyond financial contributions. The bank's commitment to rural development and sustainable water management is evident in projects like the Pantabangan Multipurpose Project, which provides irrigation to vast tracts of land and generates significant hydropower.

The Pantabangan Multipurpose Project is a shining example of DBP's dedication to rural development. This massive dam system not only provides irrigation but also aids in flood prevention.

DBP's focus on rural development is further highlighted by the Payapa at Masaganang Pantawid Agraryo (PAMANA) Farm-to-Market Road Project. This initiative has significantly improved rural connectivity by building and upgrading numerous kilometers of roads.

The DBP Livelihood Loan Program is another notable project that empowers entrepreneurs through microloans. This program enables entrepreneurs to start or expand businesses and create employment opportunities, reflecting DBP's commitment to financial inclusion and the empowerment of Filipinos.

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Here are some key projects that demonstrate DBP's impact:

The Development Bank of the Philippines (DBP) has a customer complaint handling process in place to address concerns and issues raised by clients. This process ensures that complaints are promptly and fairly resolved.

DBP has a dedicated customer service department that handles complaints and issues. This department is responsible for investigating and resolving complaints in a timely and efficient manner.

If you're not satisfied with the initial response, you can escalate your complaint to the DBP's Consumer Protection Department. This department will review your case and provide a final resolution.

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Decisions on Filed Complaints can be a lengthy process, taking up to several months to be resolved.

The Development Bank of the Philippines (DBP) can take around 8 to 17 minutes to respond to a request for information on a filed administrative complaint.

Decisions on filed complaints are typically made available to the public through official bank publications.

The DBP published a decision on filed administrative complaints on April 8, 2024, which was requested by F. Lingan at 08:17 AM on the same day.

The purpose of this publication was for legal purposes, specifically for legal and court proceedings.

Decisions on filed complaints are often tracked through unique reference numbers, such as #DBP-011851752390.

Ms. Hannah Awingan reported her lost DBP ATM card on October 22, 2023.

She requested this report from DBP at 09:09 PM on the same day.

The lost card was reported to be used from September 20 to 21, 2023.

The tracking number for this case is #DBP-701784912867.

The Development Bank of the Philippines has a range of documents available for reference.

The bank has an Accreditation Master Agreement with the Global Environment Facility (GCF), which was signed on October 4, 2023.

This agreement is a significant document that outlines the terms and conditions of the partnership between the two organizations.

The bank also provides access to a document titled "Accreditation Master Agreement between GCF and the Development Bank of Philippines (DBP)" which is dated October 4, 2023.