Development Bank of the Philippines

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.

DBP is classified as a development bank, and 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 Bank’s history can be traced back to the ’30s when the early infrastructure for development financing was laid by the National Government with the creation of the National Loan and Investment Board (NLIB) in 1935 to coordinate and manage government trust funds such as the Postal Savings Fund and the Teacher’s Retirement Fund. In 1938, the Agricultural and Industrial Bank (AIB) absorbed the functions of the NLIB to harness government resources until the outbreak of war. It was in 1947 when the National Government created the Rehabilitation Finance Corporation (RFC) which absorbed the assets and took over the functions of the AIB. RFC was reorganized in 1958, giving birth to the Development Bank of the Philippines. This change in corporate name marked the shift from rehabilitation to broader activities.

With more than seven decades of committed advocacy as the country’s premier development financing institution, DBP has sharpened its development focus as the Philippines’ Infrastructure Bank. With this enhanced mandate, DBP more aggressively supports infrastructure development towards inclusive growth and a more balanced regional development for the country. DBP supports projects directed at laying the infrastructure for growth in priority sectors, namely: transportation and logistics, environment, social services and community development, and small and medium enterprises. Accelerated lending is also channeled to the public sector, principally local government units, water districts, and electric cooperatives.

Steadfast in its commitment to support the National Government’s various development initiatives amid the current global health crisis, DBP is poised to play a more catalytic role in the socio-economic recovery efforts for the country. Directing strategic efforts on the sectors with the biggest and most immediate impact on every Filipino’s well-being, the Development Bank of the Philippines is primed for the journey on the road to domestic recovery and the resumption of sustainable national growth.

PERSONAL BANKING
https://www.dbp.ph/personal-banking/

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.

We 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.

• Deposit Products
• ATM Services
• Fund Transfer / Remittance Services

CORPORATE AND INSTITUTIONAL BANKING
https://www.dbp.ph/corporate-and-institutional-banking/

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 capital-intensive fund raising through loan syndication/arrangement and structuring for limited /non-recourse project finance transactions to issue management for debt securities in the capital markets.

The Bank can also assist clients through transaction advisory services, particularly for valuations, mergers and acquisitions, privatizations, and bids for public-private partnership projects.

• Investment Banking and Capital Markets
• Trade Products and Services
• Electronic Banking
• Treasury Products
• Trust Banking for Institutional Clients
• Trust Banking for Individual Clients

DEVELOPMENT FINANCING
https://www.dbp.ph/developmental-banking/

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 the environment. DBP works hand-in-hand with key players from both the private and public sector 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.

• Infrastructure and Logistics
• Infrastructure Contractors Support (Icons Program)
– The Infrastructure Contractors Support (ICONs) Program supports the infrastructure thrust of the National
Government, including its Public-Private Partnership program, through the direct financing of construction
contractors as a complementary mode to fund various types of infrastructure spending.

• Connecting Rural Urban Intermodal Systems Efficiently (CRUISE)
– The CRUISE is DBP’s expanded financing program for the transport and logistics sectors that employs long-term
funds from various sources including Official Development Assistance funds such as the Logistics Infrastructure
Development Project from the Japan International Cooperation Agency. This is in support of government
initiatives for the creation of an integrated and multimodal national transport and logistics system as embodied
in the Philippine Development Plan 2011-2016.

• Financing Utilities for Sustainable Energy Development (FUSED)
– The FUSED Program aims to contribute in increasing access to electricity services through financing in order to
help achieve inclusive growth and poverty reduction. At the end of the FUSED Program by 2030, it is expected to
have at least funded Php 40 Billion of the estimated investment requirements for power generation and
distribution in the Philippine Energy Plan 2012-2030.

• Water for Every Resident (WATER) Program
– WATER is the umbrella program for the bank’s water supply projects. Its objective is aligned with the thrust of the
National Government as defined under the Philippine Water Supply Sector Roadmap prepared by the National
Economic and Development Authority which aims, among others, to ensure adequate long-term availability of
and accessibility to potable water.

• Micro, Small and Medium Enterprises
• Sustainable Enterprises for Economic Development (SEED)
– DBP’s umbrella program for micro, small and medium enterprises (MSMEs). The SEED Program aims to spur the
contribution of MSMEs to sustainable economic development. The program also aims to enhance access of
MSMEs to credit facilities and to fast-track the credit process; bring MSMEs in the mainstream of banking by
implementing alternative ways of securing MSME loans; and maximize the bank’s lending reach to help create
employment and income opportunities.
o Retail Lending for Micro and Small Enterprises (RLMSE)
o Medium Enterprise (ME) and Other Business Enterprise (OBE) Lending
o DBP Credit Surety Fund (CSF) Credit Facility

• Sustainable Agribusiness Financing Program (SAFP)
– The Sustainable Agribusiness Financing Program (SAFP) provides credit for agribusiness projects engaged in the
production, harvest, processing, and marketing of crops, poultry, livestock, and fishery as well as other agricultural
plantation projects.

• Broiler Contract Growing Program (BCGP)
– The Broiler Contract Growing Program (BCGP) is a sub-program under the Sustainable Agribusiness Financing
Program (SAFP) which is designed to encourage contract growers to expand their business by facilitating the
financing of poultry broiler contract growing projects.

• Cebu City LGU Supplier’s Credit Facility
– To help the Cebu City LGU Suppliers undertake continuous business activities while awaiting payment of their
receivables, especially the small players, DBP has set up a credit facility specifically for the working capital
requirement of these suppliers. Through this facility, the small suppliers will be empowered to increase their
volume of operations thereby increasing their capacity to supply various businesses simultaneously.

• Environment and Climate Change
• Agroforestry Plantation Program
– The Agroforestry Plantation Program (APP) is a credit assistance program for the development, expansion,
harvesting, processing, maintenance and protection of industrial forest-based plantations in qualified private and
public land consisting of at least five (5) to forty thousand (40,000) hectares of open area.

• Green Financing Program
– The Green Financing Program (GFP) is DBP’s umbrella program to support the Bank’s strategic thrust of
environmental protection and the country’s green growth strategy. The program was designed primarily to assist
strategic sectors, industries and local government units (LGUs) in adapting environment-friendly processes and
technologies and incorporating climate change adaptation and mitigation and disaster risk reduction measures,
by providing financing and technical assistance.

• Lending Initiative for Sanitation (LINIS) Program
– It aims to contribute in the National Government’s goal of achieving universal access to sanitation through
provision of credit assistance to local government units, water districts & private companies and thus help them
address compliance to the:
o Clean Water Act of 2014
o Order of the Supreme Court for the clean-up, rehabilitation and preservation of several bodies of water (all
LGUs in Metro Manila, Bataan, Bulacan, Cavite, Laguna, Pampanga and Rizal)
o Presidential Directive No. 2018-0081 dated February 12, 2018 requiring all resorts to have a water
treatment facility

• Energy Efficiency Savings (E2SAVE) Financing Program
– Designed to help public and private institutions in improving their productivity by harnessing available new
technologies in the market for energy efficiency projects, E2SAVE will allow loan repayment based on electricity
savings to make investment affordable to end-users. The Program aims to provide credit assistance based on
electricity savings to both private and public sectors’ energy efficiency projects to enable them to harness the
available new technologies and thus contribute in the effort of reducing greenhouse gas emissions. It likewise
aims to provide credit assistance to Energy Service Companies to further promote the development of energy
efficiency projects.

• Social Services & Community Development
• Residential Real Estate Financing (RRFP) Program
– The Residential Real Estate Financing Program (RRFP) is DBP’s umbrella program to support the Bank’s strategic
thrust of social development through the provision of accessible financing to support shelter production and
secure tenure delivery.

• Strategic Healthcare Investments for Enhanced Lending and Development (SHIELD)
– The DBP Strategic Healthcare Investment for Enhanced Lending & Development (SHIELD) program aims to
narrow the gap and improve the delivery of quality health care services in the country. The program extends
credit for health care investment projects that promote availability, accessibility, and affordability of health care
services to people belonging to the lowest income group. The program facilitates an adequate referral system
from lower to higher level health facilities.

• DBP Educational Fund Program (DEFP)
– The DEF Program is DBP’s umbrella program to support the Bank’s strategic thrust of contributing to the
improvement of lives of Filipinos across the nation to make available the highest possible standards of quality
education.

• Contract to Sell Financing Facility (CTS Program)
– The Contract-to-Sell Financing Facility for Real Estate Developers is a credit assistance to provide Residential Real
Estate Developers with a means to grow their housing portfolios and to assist Key Shelter Agencies (KSAs) in
addressing the housing requirements of the country.

• DBP Rehabilitation Support Program on Severe Events (RESPONSE)
– DBP RESPONSE intends to provide rehabilitation financing support to both public and private institutions, which
have been adversely affected by calamities and/or events arising from the occurrence of such calamities. The
financing support is granted to eligible borrowers to expedite the recovery process of the business/project and
in turn assist in the socio-economic rehabilitation of a calamity-stricken area.

• Rediscounting Line Facility for Financial Institutions
– The Rediscounting Line Facility for Financial Institutions is a credit facility to facilitate or augment funds needed
by wholesale borrowers, where availments on the rediscounting line are made against promissory notes of sub-
borrowers. It includes not only those project/business-based enterprises but also those for eligible salary based
general purpose consumption loans.