Development Bank of the Philippines
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines.
DBP Head Office in Senator Gil Puyat Avenue corner Makati Avenue, Makati | |
| Company type | Government financial institution |
|---|---|
| Industry | Development Finance |
| Founded | 1947 in Manila, Philippines |
| Headquarters | Makati, Philippines |
Key people |
|
| Services | Financial Services |
| ₱5.60 billion (2019) | |
| Total assets | ₱1.04 trillion (2020) |
| Website | www |
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 in the Philippines in terms of assets as of March 2023. 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.
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