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Development Bank of the Philippines
 | This article needs additional citations for verification. (May 2017) |
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| Company type | Government financial institution |
|---|---|
| Industry | Development finance |
| Founded | January 2, 1947 in Manila, Philippines |
| Headquarters | Makati, Philippines |
Key people | |
| Services | Financial Services |
| ₱5.60 billion (2019) [2] | |
| Total assets | ₱1.04 trillion (2020)[3] |
| Website | www |
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines. It is primarily tasked to provide banking services to cater to the needs of agricultural and industrial enterprises.[4] It has 146 branches including 14 branch lite units.[5]
It was established after World War II in 1947 on the government's effort through its mandate to rebuild the country's war-torn infrastructure. It focuses on four major areas of financing — infrastructure and logistics, social services, small and medium enterprises, and the environment.[6]
As of 2023[update], it was the eighth-largest bank in the Philippines in terms of assets.[7][8] DBP is also the second-largest and one of the state-owned and controlled banks along with Land Bank of the Philippines (LBP), Overseas Filipino Bank (OFW Bank), and Al-Amanah Islamic Bank. As a GOCC (Government Operated and Controlled Corporation), DBP is required to declare and remit at least half of its annual net earnings to the National Government.
- ^ "DBP Board of Directors / Management". DBP Website. January 23, 2023. Retrieved January 23, 2023.
- ^ "DBP Annual Report" (PDF) (Press release). Retrieved February 2, 2021.
- ^ DBP breaches trillion peso asset mark; loans rise 19 percent. Retrieved December 7, 2021
- ^ "About DBP". Retrieved September 27, 2022.
- ^ "DBP branch in Cagayan de Oro moves to a more strategic location". DPB. Retrieved June 14, 2024.
- ^ "Profile". Development Bank of the Philippines. Retrieved April 16, 2019.
- ^ "Ranking as to Total Assets". bsp.gov.ph. March 31, 2023.
- ^ "DBP 2018 net income hits P5.72-billion". Development Bank of the Philippines. April 5, 2019. Retrieved April 16, 2019.
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