Company Overview of Development Bank of the Philippines
Development Bank of the Philippines provides various banking products and services to the agricultural and industrial enterprises in the Philippines. The company’s deposit products include current and savings accounts, and time deposits. It also offers investment banking services, such as financial packaging/investment design for debt/equity, financial advisory and investment consultancy, securities/debt underwriting/issue management, structured finance/loan syndication, and program/project development and management. In addition, the company provides development financing for infrastructure and logistics sectors; social services and community development; and micro, small, and medium enterp...
Sen. Gil J. Puyat Avenue Corner Makati Avenue
Founded in 1947
Key Executives for Development Bank of the Philippines
Vice Chairman, Chief Executive Officer, President, Chairman of Credit Committee, Chairman of Asset & Liability Management Committee, Vice Chairman of Executive Committee, Member of IT Governance Committee and Member of Trust Committee
Chief Financial Officer, Head of Financial Resource Sector and Executive Vice President
Vice President of Accounting
Chief Information Officer and Senior Vice President
Chief Legal Counsel and Senior Vice President
Compensation as of Fiscal Year 2014.
Development Bank of the Philippines Key Developments
Development Bank of the Philippines Reports Earnings Results for the Year 2014
Mar 5 15
Development Bank of the Philippines reported earnings results for the year 2014. For the year, the company's net income dropped by 13% last year to PHP 4.6 billion from the PHP 5.28 billion recorded in 2013. Net earnings translated to a 11.01% return on equity. Return on assets was at 1.03%.
Government Service Insurance Seeks To Sell GSIS Family Bank
Mar 1 15
Robert Vergara, President and General Manager of Government Service Insurance System (GSIS) said GSIS intends to conduct a public bidding for GSIS Family Bank within the next three months after a local court lifted an order preventing GSIS from selling its 99% stake in GSIS Family Bank. Development Bank of the Philippines has been hired as a financial advisor for the valuation of shares in GSIS Family Bank.
CIMB Reportedly Eyes Al-Amanah
Jul 27 14
CIMB Group Holdings Berhad (KLSE:CIMB) intends to acquire Al-Amanah Bank, Manila Bulletin reported. According to the report, Al-Amanah Bank was in need of recapitalization involving up to PHP 100 billion. Manila Bulletin quoted Aleem Siddiqui Guiapal, Director of the Bureau of Muslim Economic Affairs of the National Commission on Muslim Filipinos, stating that CIMB planned to acquire Al-Amanah to boost its regional presence. He stated that CIMB's original intention to enter the Philippine market through the Bank of Commerce did not materialize. "So, now they are doing it directly," he said. He added that Development Bank of the Philippines seeks to divest sell Al-Amanah due to the lack of technical expertise in Islamic banking.
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