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Development Bank of the Philippines (Makati) | national government / government

Philippines / National Capital Region / Manila / Makati
 national government / government, bank

The Development Bank of the Philippines (Filipino: Bangko sa Pagpapaunlad ng Pilipinas), commonly known by its initials, DBP, is a state-owned development bank in Makati City, Philippines.

It is the seventh-largest bank in the Philippines in terms of assets, and is the second-largest government-owned bank, next only to Landbank. It is also one of the largest government-owned and/or controlled corporations (GOCCs) in the Philippines.

DBP services various sectors of Philippine society, from farmers to businessmen. Although the Philippines has an economy largely dependent on agriculture, something that Landbank addresses, DBP aims for national development through financing the various businesses and economic sectors that keep the Philippine economy afloat. Like Landbank, it provides the services of a regular universal bank; however, it is officially classified as a "specialized government bank" with a universal banking license.

Also like Landbank, DBP also has a large rural branch network. However, the aim of DBP's rural branch network is not the same as Landbank's. Instead, DBP diversifies banking choices whenever an area's banking sector is either dominated by one or a few banks, regardless of status.

It is a 12-storey building with a penthouse and basement.


Website:www.devbankphil.com.ph
Nearby cities:
Coordinates:   14°33'38"N   121°1'41"E

Comments

  • NARDS (guest)
    I WAS A FORMER MEMBER OF THE FAME DBP CHORALE (1986-1990). (NARDS OF RIYADH K.S.A.)
  • Gerald (guest)
    nakakamiss workshops dito!
  • yhuricah
    Kaunlaran ng Lahat :) pagpasok mo payat ka. ilang buwan lang tataba ka dito hehe
  • Bonjour (guest)
    I miss my good days in DBP.The best employer that I had back home. If employed in DBP stay there till you retire or you'll regret it.
This article was last modified 12 years ago