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February 09, 2016 5:26 AM 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; environmental initiatives; social services and community development; and micr...

Sen. Gil J. Puyat Avenue Corner Makati Avenue

Makati City,  

Philippines

Founded in 1947

2,495 Employees

Phone:

63 2 818 9511

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: 63
Chief Financial Officer, Head of Financial Resource Sector and Executive Vice President
Age: 58
Vice President of Accounting
Age: 63
Chief Information Officer and Senior Vice President
Age: 58
Chief Legal Counsel and Senior Vice President
Age: 40
Compensation as of Fiscal Year 2015.

Development Bank of the Philippines Key Developments

Development Bank of the Philippines Seeks Sale Of Al-Amanah Islamic

Development Bank of the Philippines is seeking sale of Al-Amanah Islamic Investment Bank of The Philippines. Development Bank of the Philippines has expressed its plans to privatize the Islamic bank, but this has not been carried out since. "We are approving its balance sheet, but the target really is to attract foreign equity partners or to privatize it in other words. That's the direction," Isidro A. Sobrecarey, Chairman of Al- Amanah Bank, said in a recent interview. Isidro A. Sobrecarey said that while the DBP can opt to carry out the sale of Al-Amanah Bank by themselves, having an Islamic banking regime in place would "attract more prospective investors." When asked about the plans of the central bank on Al-Amanah Bank, Amando M. Tetangco, Jr., Governor of Bangko Sentral ng Pilipinas, said that they found it best to leave it to the Legislative to decide how the government will go about the planned sale, as well as on how the state will accommodate Islamic-based banking activities.

Government To Pursue MRT-3 Buy-Out

Department of Transportation and Communications, Philippines (DOTC) is scheduled to meet the Department of Finance in February 2016 to discuss the planned equity value buy-out of the Metro Rail Transit Line 3. DOTC needs the approval of the Department of Finance and of government financial institutions Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP). Landbank and the DBP hold an 80% economic interest in Metro Rail Transit Corporation. Private shareholders led by MRT Holdings II Inc. have a 100% stake in Metro Rail Transit Corporation.

Landbank-DBP Merger halted

The planned merger of the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (Landbank) could be halted. Cesar L. Villanueva, Chairman of The Governance Commission for Government-Owned and Controlled Corporations said, "We had postponed that, that probably is going to happen in the next administration. There is just not enough time to do that now."

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 20, 2015
Planters Development Bank
 

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