I

n 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.
The DBP, under its new charter, is classified as a development bank and may
perform all other functions of a thrift bank. 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 affairs and business of the Bank are directed, and its properties managed
and preserved, and its corporate powers exercised by a Board of Directors
consisting of nine (9) members appointed by the President of the Republic of the Philippines. The Chief Executive Officer of the Bank
is also the President who is elected by the Board of Directors. The President is also the Vice Chairman of the Board.

DEVELOPMENT THRUSTS

DBP is the country’s major conduit of international

funds from multilateral and bilateral institutions for official
development assistance (ODA) programs and grants. DBP also
continues its development thrusts on economic pump-priming
and program-type lending to strategic sectors of the country.
The Bank’s development thrusts are primarily focused on four
priority areas: production infrastructure, social infrastructure,
distribution infrastructure, and environmental management.
DBP recognizes small and medium enterprises (SMEs) as
a potent force in spurring development. DBP promotes the
Big Brother-Small Enterprise program through the purchase of
suppliers-SME receivables from accredited corporate buyers
in the manufacturing, construction, wholesle and retail trade,
transport and communication industries. DBP also has a
credit facility to support the One Town, One Product (OTOP)
program of the Department of trade and Industry that promotes
entrepreneurial endeavors in the countryside through the
use of locally available raw materials and inherent human
resources.
DBP also continues to assist large industries as they are
strategic and essential in paving the way for the growth and
development of SMEs. DBP lends to projects in health care,
education, housing and community development, improving
access to shelter by the poor, infrastructure and community
facilities in major cities and municipalities.
In support of the National Government’s Strong Republic DBP also vigorously pursues its commitment to
Nautical Highway project, DBP launched the Sustainable environmental protection and sustainable development. DBP
Logistics Development Program (SLDP). The program aims is one of the first Philippine banks to integrate environmental
to improve the country’s basic infrastructure for the efficient considerations in all aspects of tis operations. DBP provides
movement of basic commodities and to bring down the cost of financing as well as technical assistance to projects that are
goods, through the introduction of a modern storage handling environmentally sound. The Bank also plays an active role in
and transport system under proper quality control management. encouraging clients, and its participating financial institutions
The program has three components: the Road Ro-Ro Terminal (PFIs) under its wholesale lending program, to include
System, Bulk Grains Highway and the Cold Chain Highway. environmental considerations in their business and thrusts.
The program is expected to stimulate economic activities DBP’s Environmental Management System (EMS) has
in nearby areas by lowering transport costs and travel time, also been re-certified by AJA Registrars. The Bank thus still
providing greater mobility, and opening up new markets for holds the distinction of being the first Philippine Bank to be
agri-products and tourism-oriented SMEs. ISO 14001 certified since 2002.

HEAD OFFICE:
Sen. Gil J. Puyat Avenue cor. Makati Avenue, Makati City, Philippines
Tel.: 818-9511 to 20 / 818-9611 to 20
Member: Philippine Deposit Insurance Corporation
E-mail: info@dbp.ph (Maximum Deposit Insurance for
Website: www.devbnkphl.ph each Depositor: P500,000.00)
 HISTORY
DBP’s history can be traced back to the Commonwealth years when
the early infrastructure for development financing was laid down
by the government.
1935 - The National Loan and
Investment Board (NLIB) was
created to coordinate and manage
government trust funds such as
the Postal Savings Fund and the
Teacher’s Retirement Fund.
1939 - The Agricultural and Industrial
Bank (AIB), which absorbed the
functions of the NLIB, was created
and started to harness government resources until the outbreak of war.
1947 - On January 2, the government created the Rehabilitation
Finance Corporation (RFC) under R.A. No. 85 which absorbed the
assets and took over the functions of the AIB. The RFC provided
credit facilities for the development of agriculture, commerce and
industry and the reconstruction of properties damaged by the war.
1958 - The RFC was reorganized into the
Development Bank of the Philippines.
With an initial capital of P500 million
subscribed by the government, the DBP
expanded its facilities and operations
to accelerate national development
efforts. This forward thrust saw the
establishment of a network of branches
throughout the country. The DBP tapped
both foreign and local fund sources to
complement its capital resources. Credits were obtained directly
from international financial institutions.
The DBP delivered to the economy substantial benefits in capital
formation, employment generation and increased revenues,
DBP LOGO
The DBP logo creates an impression
of the Bank’s renewed spirit and
dynamism amid changing times. It
includes the colors blue and red adopted
from the Philippine flag to strengthen
DBP’s reputation as a development
institution focused on the wellbeing of
the Filipino.
AWARDS AND CITATIONS
Through the years, DBP has been a recipient of numerous awards and
recognitions, among them:
Bangko Sentral ng Pilipinas
• 2015 Outstanding Credit Surety Fund (CSF) Partner Award
– Industrial Guarantee and Loan Fund (IGLF) (DBP as fund
administrator)
Association of Development Financing Institutions in Asia and the Pacific
• 2015 Local Economic Development Category (Cebu Bulk Water Project)
• 2015 Corporate Governance Category (DBP’s Corporate Governance
Program)
• 2015 Plaque of Merit for “DBP Bankability Enhancement for SET-UP
Technopreneurs (DBP-BEST)” and “Inclusive Lending for Aspiring
Women Entrepreneurs (ILAW)” projects
• 2014 Most Outstanding Development Project Award - Financial
Inclusion Category
• 2014 Best Sustainability Report
• 2013 Most Outstanding Development Project Award
• 2012 Most Outstanding Environmental Development Project
• 2011 Most Outstanding Local Economic Development Project
• 2010 Most Outstanding Environmental Development Project
• 2009 Most Outstanding Corporate Social Responsibility Project
• 2008 Most Outstanding Human Resource Development Award
• 2007 Outstanding Corporate Governance Award
• 2006 Envirnomental Development Project Award
• 2004 Plaque of Merit under the Infrastructure Development Category
• Technology Development Award for 2003
• Human Resource Development Award for 2003
• 20th Century Achievement Award for Founding Members
• Environmental Development Award for 2002
Karlsruhe Sustainable Finance Awards
• 2015 Outstanding Sustainable Project Financing category (P1.1
billion Cebu Bulk Water Supply Project and the Palawan State
University Forest project)
Institute of Solidarity in Asia
• 2015 Silver Trailblazer Award
particularly in the countryside. In the late seventies and early eighties,
however, its viability was undermined by an increasing number of
non-performing accounts following a period of economic difficulty.
1986 - Former President Corazon
Aquino issued E.O. No. 81 which
provided for the 1986 Revised
Charter that called for a clean up of
DBP’s books, staff reorganization,
and infusion of initial operating
budget. The rehabilitation program
restored financial viability and DBP
resumed lending operations.
With the transfer of non-performing
assets together with liabilities
on June 30, 1986 to the national
government, the DBP implemented
an institutional strengthening program covering a thorough revision
of the credit process and a training program for the intensive
implementation of new lending thrusts. The Bank likewise reopened
its lending windows for housing, agriculture, and small and medium
scale industries.
1995 - The DBP was granted an expanded banking license and attained
universal banking status.
1998 - Former President Fidel V. Ramos signed R.A. 8523 amending
DBP’s 1986 Charter. Among the major provisions incorporated in the
new DBP Charter were the increase of authorized capital stock from
P5 billion to P35 billion, and the creation of the position of President
and CEO.
DBP today has evolved into the country’s premier development
financial institution. DBP continues to post record growth in the
financial performance while ably assisting the various development
thrusts of the national government.
The DBP logo includes DBP’s original geometrical symbol that
represents the forerunners of the Bank. Set against a blue background,
the geometrical symbol is colored platinum to suggest the Bank’s
adherence to the highest standards in mobilizing resources for
economic growth.
The DBP logo adds a subtle red curvature which suggests the
dawning of a new day, a promise of a secure tomorrow that DBP
aspires to achieve for every Filipino.
• 2015 Performance Governance System- Proficiency Status
• 2014 Silver Trailblazer Award
• 2014 Performance Governance System- Compliance Status
Philippine Quill Awards
• 2014 Award of Merit for “Portraits of Progress” coffee table book
Department of Environment and Natural Resources
• 2014 Environmental Excellence Award (Environment Friendly
Government Office)
Bureau of Treasury Annual Top GSED Awards
• 2014 #3 Top Government Securities Eligible Dealer
The Asian Banking Awards
• 2004 Best Development Project Financing Program
• 2001 Most Outstanding Environmental Program for the New and
Renewable Energy Financing Program
The Asian Banker 300
• Strongest Bank in the Philippines (2003) based on financial and
operational measures, asset quality, and year-on-year improvements
in profits and assets
Hewitt and Associates
• 6th Best Employer in the Philippines for 2003 (DBP was the only
bank and government agency to earn the distinction)
World Bank Citation
• 2000 Recognition of Excellence for the efficient administration of the
US$23 million first tranche of the LGU Urban Water and Sanitation
Program
International Ratings
• 2007 The Asset Magazine-Triple A House and Deal Awards Best
Project Finance/Best Privatization for the Magat hydropower
privatization project financing
Institute of Corporate Directors
• No. 1 in the Corporate Government Scorecard among government-
owned and controlled corporations (2006)