Development Bank of the Philippines

It focuses on four major areas of financing — infrastructure and logistics, social services, small and medium enterprises, and the environment.

The RFC provided credit facilities for the development of agriculture, commerce and industry and the reconstruction of properties damaged by the war.

[12] With an initial capital of ₱500-million, DBP set to work on expanding its facilities and operations to accelerate efforts towards promoting national economic development.

Among the major provisions incorporated in the new DBP charter were the increase of authorized capital stock from ₱5-billion to ₱35-billion, and the creation of the position of President and CEO.

A few months later in September under the administration of newly-elected Rodrigo Duterte, such had been cancelled for implementation by the Governance Commission for GOCCs (GCG).

[18] The affairs and business of DBP are directed and its properties managed and preserved, and its corporate powers exercised by a board of directors consisting of nine members, all appointed by the President of the Philippines.

The term of office of the chairman, president and the members of the board of directors are for a period of one year or until such time as their successors are appointed.

The DBP president shall, among other powers and duties, execute, carry out and administer the policies, measures, orders and resolutions approved by the board; direct and supervise the operation and administration of the bank; and exercise such other powers and perform such other functions or duties as may be assigned to him by law or by the board from time to time.

A DBP branch in San Fernando, La Union
A DBP branch in Virac, Catanduanes