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PSALM wins approval to seek P43-B loan from DBP

THE Power Sector Assets and Liabilities Management (PSALM) Corp. has won approval to seek a P43-billion loan from the Development Bank of the Philippines (DBP), saying that despite “setbacks” encountered during quarantine, it does not expect to default on any of its obligations.

DBP, gov’t pension funds outline payment relief terms for loans, contributions

GOVERNMENT financial institutions allowed their borrowers to defer loan payments without penalty as a form of relief during the coronavirus disease 2019 (COVID-19) crisis. In...

Taraka taps P100M DBP loan for irrigation, water supply projects

THE MUNICIPALITY of Taraka will be the first to avail of a loan from the Development Bank of the Philippines (DBP) under the Mindanao Water Program, Mindanao Development Authority (MinDA) Chair Emmanuel F. Piñol announced Monday.

DBP 2019 net profit rises amid strong infrastructure lending

DEVELOPMENT BANK of the Philippines (DBP) said net profit rose 5.94% to P6.06 billion in 2019 after exceeding its loan approval target, with much of its financing going to infrastructure projects.

DBP net profit slips on higher operating expenses

State-owned Development Bank of the Philippines’ (DBP) net earnings slipped in the third quarter due to higher provisions for impairment losses and taxes as well as growing operating expenses.

DBP raises P18.125 billion from sustainability bonds

STATE-OWNED Development Bank of the Philippines (DBP) successfully raised P18.125 billion via sustainability bonds to finance eligible projects.

DBP installs ATMs in Palawan towns

STATE-OWNED Development Bank of the Philippines (DBP) has installed automated teller machines (ATM) in two Palawan towns as part of its financial inclusion program in remote parts of the country.

DBP to issue P5 billion in sustainability bonds for environmental, social...

STATE-OWNED Development Bank of the Philippines (DBP) is set to issue P5 billion in sustainability bonds, marking the first tranche of its P50-billion program, proceeds of which will finance eligible environmental and social projects.

DBP taps PayMaya for e-payments, cashless disbursements for farmers

THE DEVELOPMENT Bank of the Philippines (DBP) has partnered with PayMaya Philippines, Inc. to boost financial inclusion among Filipino farmers.

DBP signs loan deal with Terasu

STATE-OWNED Development Bank of the Philippines (DBP) has signed a P1.65-billion loan agreement with Terasu Energy, Inc. to finance the construction of a renewable energy power plant in Concepcion,Tarlac.

DBP now in charge of fund disbursement and management of peace...

STATE-OWNED Development Bank of the Philippines (DBP) partnered with the Office of the Presidential Adviser on the Peace Process (OPAPP) in fund disbursement and management.

DBP to help fund Mindanao power plant

STATE-OWNED Development Bank of the Philippines (DBP) will help fund Liangan Power Corp.’s (LPC) hydroelectric power plant in Mindanao through a P1.1-billion term loan, the lender said in a statement on Friday.

Dividend rates of gov’t banks slashed

PRESIDENT RODRIGO R. Duterte has issued an executive order (EO) reducing the dividend rates of Land Bank of the Philippines (LANDBANK) and Development Bank of the Philippines (DBP) to improve the banks’ capital position.

DBP H1 profit boosted by loans

EARNINGS at state-owned Development Bank of the Philippines (DBP) rose 12.3% from a year earlier to P3.1 billion in the first half, boosted by lending growth, the bank said in a statement on Friday.

DBP’s credit rating upgraded to BBB+

THE DEVELOPMENT Bank of the Philippines (DBP) has received a credit rating upgrade from S&P Global Ratings, reflecting the climb in the country’s debt rating.

DBP posts higher income in 2018

STATE-RUN Development Bank of the Philippines (DBP) reported a stronger net income in 2018, boosted by increased lending, particularly for infrastructure projects.

DBP’s Borromeo to take helm at LANDBANK ‘soon’

DEVELOPMENT BANK of the Philippines (DBP) President and Chief Executive Officer Cecilia C. Borromeo is set to take the helm of state lender Land Bank of the Philippines (LANDBANK) “very soon.”

DBP hits depositor goal ahead of 2022 target

DEVELOPMENT BANK of the Philippines (DBP) has already exceeded its target of broadening its deposit base last year as it looks to include more Filipinos into the formal financial system.

DBP net income up in first nine months

DEVELOPMENT BANK of the Philippines (DBP) reported higher net income in the first nine months propelled by its lending business.

DBP, Metrobank sign property tax payment tieup

THE Development Bank of the Philippines (DBP) said it tied up with Metrobank Card Corp. (MCC) in an electronic-payments venture to facilitate Taguig and Valenzuela real property tax payments.

DBP books higher net income in first semester

THE Development Bank of the Philippines (DBP) saw its net income rise in the first half of the year supported by its robust lending and deposit businesses.

DBP profits up 4% in first half

Development Bank of the Philippines (DBP) saw its net income rise in the first half of the year supported by robust lending and deposit...

DBP to offer free advisory services to MSME clients

THE DEVELOPMENT Bank of the Philippines (DBP) will provide micro, small, and medium enterprises (MSMEs) greater access to financing, including free financial advisory services, the Department of Finance (DoF) said.

DBP loans to MSMEs reach P13 billion in first half —...

THE DEVELOPMENT Bank of the Philippines has provided P13 billion worth of loans to micro, small, and medium enterprises (MSMEs) in the first semester,...

DBP reports lower net income in first quarter

Development Bank of the Philippines (DBP) reported lower income in the first quarter, as it increased provisioning for credit losses.

Cebu provincial gov’t signs P1.5-B loan deal with DBP for green...

THE CEBU provincial government, through Gov. Hilario Davide P. III, signed on Wednesday the P1.525-billion loan agreement with the Development Bank of the Philippines...

S&P upgrades Security Bank to investment grade, affirms rating for DBP

S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ratings on Development Bank of the Philippines (DBP) following...

DBP posts 22% net income growth in 2017

Development Bank of the Philippines (DBP) saw its net income rise in 2017 on the back of steady growth in its loan portfolio. In a...

DBP opens new branch in Palawan

STATE-OWNED Development Bank of the Philippines (DBP) in a statement said it opened on Dec. 7 a new branch located in Taytay, Palawan, as...

Fitch upgrades lenders’ ratings

FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following...

DBP: No longer just a development bank

By Jochebed B. Gonzales, Senior Researcher WHILE competition in the banking sector is just starting to heat up, the Development Bank of the Philippines (DBP), may...

DBP looking to unload MRT-3 interest

THE Development Bank of the Philippines (DBP) is interested in exiting its investment in the Metro Rail Transit (MRT)-3. “..It is in our books and...