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DBP income hit P5.3B in 2013

State-owned Development Bank of the Philippines (DBP) registered a net income of P5.28 billion last year, 27.85 percent higher than the P4.13 billion recorded in 2012, buoyed by significant increases in deposits, loans to borrowers and investments.

Posted: February 15th, 2014 in Headlines | Read More »

DBP plans to sell Al Amanah Bank

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Al Amanah

The government is preparing to divest itself of the Al Amanah Islamic Investment Bank of the Philippines, a subsidiary of the state-owned Development Bank of the Philippines, possibly bringing in a new group to run the country’s first and only Islamic bank.

Posted: December 16th, 2013 in Latest Business Stories | Read More »

Goings-on

Security Bank’s Tacloban branch begins full operations on Nov. 25. The bank has also announced that it will temporarily waive ATM fees on all its clients’ ATM transactions in both Tacloban and Ormoc, including those who have been displaced and will be using other bank ATMs.

Posted: November 25th, 2013 in Headlines | Read More »

DBP to issue more notes

State-owned Development Bank of the Philippines (DBP) rides on the back of strong investor demand as it moves to raise the issue size of its first Basel III compliant Tier 2 Fixed Rate Unsecured Subordinated Notes to P10 billion from P5 billion.

Posted: November 16th, 2013 in Headlines | Read More »

Another life claimed

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Another promising career has been destroyed—and a young life tragically ended—in the process of government authorities’ dogged pursuit of the case against former officials of Development Bank of the Philippines for an allegedly behest P660-million loan to businessman Roberto Ongpin in 2009.

Posted: August 6th, 2013 in Headlines | Read More »

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