Development Bank of the Philippines
Bank in the Philippines / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Development Bank of the Philippines?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines.
This article needs additional citations for verification. (May 2017) |
Quick Facts Company type, Industry ...
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 | |
Services | Financial Services |
₱5.60 billion (2019) [2] | |
Total assets | ₱1.04 trillion (2020)[3] |
Website | www |
Close
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]