DBP OKs P100M loan to Quezon-based Bayanihan Bank

MANILA, Philippines – State-owned Development Bank of the Philippines (DBP) has extended a credit facility to a Quezon-based rural bank to boost lending to farmers and fisherfolk.

In a statement on Friday, DBP said it approved a P100-million loan for Bayanihan Bank Inc. under its Agriculture, Fisheries, and Rural Development (AFRD) Credit Facility.

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The funds will be relent to the rural bank’s clients in the agriculture and fisheries sector for working capital, equipment upgrades, and facility improvements.

Established in 1960, Bayanihan Bank provides financial services to rural communities and micro and small enterprises, particularly in Quezon province, Laguna, Metro Manila and Pangasinan.

“We view this partnership with Bayanihan Bank as a strategic move to ramp up the DBP’s support to the agriculture and fishery sector, in recognition of the critical role that it plays in promoting inclusive economic growth particularly among the marginalized communities,” DBP President and CEO Michael de Jesus said.

DBP, a government development financial institution, is mandated to support infrastructure and logistics, micro, small and medium enterprises, environmental projects, and social and community development initiative.

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As of end-April, DBP has already approved a a total of P578.7 million in loans for 32 borrowers under the AFRD program. These loans have benefited more than 1,500 farmers and fisherfolk nationwide.

In the first quarter of 2026, DBP’s net income jumped to P2.03 billion from P1.61 billion in the same period last year. Total assets, meanwhile, stood at P1.037 trillion. /pai INQ