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May 27, 2015 6:46 PM ET

Banks

Company Overview of Development Bank of the Philippines

Company Overview

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

Makati City,  

Philippines

Founded in 1947

2,459 Employees

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
Age: 62
Chief Financial Officer, Head of Financial Resource Sector and Executive Vice President
Age: 57
Vice President of Accounting
Age: 62
Chief Information Officer and Senior Vice President
Age: 57
Chief Legal Counsel and Senior Vice President
Age: 39
Compensation as of Fiscal Year 2014.

Development Bank of the Philippines Key Developments

Development Bank of the Philippines Reports Earnings Results for the First Quarter of 2015

Development Bank of the Philippines reported earnings results for the first quarter of 2015. For the quarter net income in the January to March period was up by 36% to PHP 1 billion from the same period last year. Total interest income expanded by 11% growth year-on-year to PHP 2.707 billion, which was buoyed by a 27% rise in interest income on loans to customers to PHP 1.908 billion.

Development Bank of the Philippines Reports Earnings Results for the Year 2014

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

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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