DBP lends P150 million to modern PUV maker | Philstar.com
“As of end June 2025, DBP already approved approximately 1,800 units of modern PUVs to be produced by HMPC, which will be distributed to around 50 transport cooperatives nationwide,” Herbosa said.
DBP grants P150M credit line for modern PUVs manufacturer
State-owned Development Bank of the Philippines (DBP) has granted a P 150-million revolving credit line for Hino Motors Philippines Corporation (HMPC) to augment the working capital requirements of the company in the manufacturing and distribution of its commercial vehicles such as trucks, buses and modern public utility vehicles (PUVs), a top
DBP grants P150M credit line for modern PUVs manufacturer
State-owned Development Bank of the Philippines (DBP) has granted a P150-million revolving credit line forHino Motors Philippines Corporation (HMPC) to augmentthe working capital requirements of the company in themanufacturing and distribution of its commercial vehicles such as trucks, buses and modern public utility vehicles (PUVs), a top official said.
DBP lends P150 M to modern PUV maker - PressReader
Catalog; For You; The Philippine Star. DBP lends P150 M to modern PUV maker 2025-01-17 - By MARY GRACE PADIN . State-run Development Bank of the Philippines (DBP) has provided a P150 million loan to Hino Motors Philippines Corp. to support its production and distribution of modern public utility vehicles (PUVs).
DBP grants P150M credit line for modern PUVs manufacturer
Catalog; For You; Panay News. DBP grants P150M credit line for modern PUVs manufacturer 2025-01-15 - . S T A T E - o w n e d Development Bank of the Philippines (DBP) has granted a P150- million revolving credit line for Hino Motors Philippines Corp. (HMPC) to augment the working capital requirements of the company in the manufacturing and distribution of its commercial vehicles
- What is a DBP financed vehicle loan?
- DBP shall be the settlement bank for DBP-financed vehicle loans. The borrower shall be required to open a deposit account with hold-out arrangement, for the collection of vehicle revenues, including non-fare revenues (i.e., advertising and real estate potential of properties owned by the borrower).
- Who is the settlement bank for DBP-financed vehicle loans?
- DBP shall be the settlement bank for DBP-financed vehicle loans. Compliant to Philippine National Standards 2126:2026. Equipped with AFCS, GPS, CCTV and other mandatory accessories as provided for by DOTr’s OFG. Vehicle proposed for financing shall be subjected to the bank’s appraisal procedures. Strong technology backbone support.
- What is the DBP Pasada program?
- The DBP PASADA Program shall be used to partially finance: Purchase of brand new PUVs that are compliant with the vehicle standards defined in the OFG and in subsequent department orders and memorandum circulars of DOTr and LTFRB.
- What is DBP AFCS?
- Vehicle revenues shall be captured through an Automatic Fare Collection System (AFCS). DBP shall be the settlement bank for DBP-financed vehicle loans. Compliant to Philippine National Standards 2126:2026. Equipped with AFCS, GPS, CCTV and other mandatory accessories as provided for by DOTr’s OFG.
- How can a loan and equity subsidy be credited to DBP?
- Letter from the Borrower indicating preferred supplier and that release of the loan and equity subsidy shall be credited to the account of the supplier with DBP. At least two (2) copies of valid government IDs of the designated signatories.
- Who is eligible for a PUVMP franchise?
- Corporations (e.g, fleet management companies) or cooperatives registered with the Office of the Transport Cooperatives participating in the PUVMP, which have been awarded, or have been qualified to receive franchises by the LTFRB under the OFG. The DBP PASADA Program shall be used to partially finance:
