Development Bank of the Philippines

The Development Bank of the Philippines (DBP) is a government owned development bank headquartered in Makati, established on January 2, 1947 to help rebuild war damaged infrastructure in the country after World War II. It is primarily tasked with providing banking services for agricultural and industrial enterprises, focusing financing on infrastructure and logistics, social services, small and medium enterprises, and environmental initiatives. As of 2023 it ranked as the eighth largest bank in the Philippines by assets and the second largest government owned and controlled bank, operating 146 branches including 14 branch lite units. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/