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Development Bank of the Philippines
DBP Head Office in Senator Gil Puyat Avenue corner Makati Avenue, Makati
Company type
Government financial institution
Industry
Development Finance
Founded
January 2, 1947; 77 years ago (1947-01-02) in Manila, Philippines
Headquarters
Makati, Philippines
Key people
Philip G. Lo, (Chairman)
Michael O. de Jesus (President and CEO)[1]
Services
Financial Services
Net income
₱5.60 billion (2019) [2]
Total assets
₱1.04 trillion (2020)[3]
Website
www.dbp.ph
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines.
It was established after World War II in 1947 on the government's effort through its mandate to rebuild the country's war torned infrastructure.
It is the eighth-largest bank[4] in the Philippines in terms of assets as of March 2023.[5] 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.
It has 146 branches including 14 branch lite units as of October 2022.[6]
^"DBP Board of Directors / Management". DBP Website. January 23, 2023. Retrieved January 23, 2023.
^"DBP Annual Report" (PDF) (Press release). Retrieved February 2, 2021.
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