DBP extends P8.5-billion in rehabilitation and recovery financing
State-owned Development Bank of the Philippines (DBP) has approved P8.5 billion in funding support for the rehabilitation efforts of both public and private institutions adversely affected by the current public health crisis, a top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said for the first six months of the year the bank has extended financing support to 90 firms under its
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|September 18-24, 2021
Rehabilitation Support Program on Severe Events (RESPONSE) and its sub-program DBP RESPONSE to accelerate Micro-Small and Medium Enterprises (MSME) Recovery. “The DBP RESPONSE will continue to be the bank’s centerpiece program to encourage private businesses and public institutions to rebuild, rehabilitate, recover and to resume operations, thereby boosting the government’s national
recovery program,” Herbosa said.” DBP is the fifth largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; environment; social services and community development. The DBP RESPONSE also provides rehabilitation financing support to DBP and non-DBP Caraga INFOCUS
