DBP surpasses financial targets in 2025 - Department of Finance
The Development Bank of the Philippines (DBP) has surpassed all its financial targets in 2025, with total assets growing 14 percent to P762.27 billion and gross income rising 26 percent to P32.87 billion, a report to Finance Secretary Carlos Dominguez III has shown.
Govt to merge LandBank, DBP | The Manila Times
THE government is moving to merge state-owned Land Bank of the Philippines (LandBank) and the Development Bank of the Philippines (DBP) in a bid to strengthen the country's financial system, Finance Secretary Benjamin Diokno said on Tuesday. "By merging the two, it will now become the number one bank in the Philippines," Diokno told reporters
PIA - Marcos admin pursues LANDBANK-DBP merger
QUEZON CITY, (PIA) -- The government of President Ferdinand Marcos Jr. is proposing to marry two state-controlled lenders, the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP). The merger is expected to serve the country’s development needs better by creating a bigger, stronger, and more resilient bank.
Reports | Department of Finance
Reports. The Department of Finance prepares reports on matters that have a fiscal impact on California — from the demographic make-up of the people of California; to short and long-term financial plans for infrastructure improvements; to financial audits and performance reviews of state agencies, programs, and projects. Accounting Reports.
DigitalBridge Surpasses Target to Close Second Flagship Fund
BOCA RATON, Fla.-- (BUSINESS WIRE)--Jan. 19, 2025-- DigitalBridge Group, Inc. (NYSE: DBRG) today announced that DigitalBridge Investment Management, the firm’s investment management platform (collectively “DigitalBridge”), has closed its second flagship fund, DigitalBridge Partners II, LP (formerly DCP II) (“DBP II” or “the Fund
- What does DBP stand for?
- The Department of Finance (DOF) is set to steer the Development Bank of the Philippines (DBP) to greater financial stability as Chairperson of the Board, boosting its strength to become more responsive to the needs of Filipinos and fund more development projects.
- What are the proposed amendments to the Development Bank of the Philippines charter?
- The proposed amendments to the Development Bank of the Philippines charter will allow the Department of Finance (DOF) to steer the bank to greater financial stability, Finance Secretary Ralph Recto said.
- How does the DBP's new charter affect its financial stability?
- To strengthen its financial stability, the new charter authorizes the DBP to offer a maximum of 30% of its shares to the public or as it may deem necessary. This will enable the Bank to raise capital to support its expanded mandate and to allow public participation.
- What is the new DBP charter?
- Approved on the third and final reading in both Houses of Congress, the bill seeks to establish a new charter for the DBP to strengthen its powers and functions as the country’s premier financial institution for national development.
- Is the DOF a member of the DBP board?
- Currently, the DOF has no representation on the DBP Board. The proposal also includes the Secretary of the National Economic and Development Authority (NEDA) as an ex-officio member, as well as three Independent Directors.
- What is the 2025 draft budgetary plan?
- The 2025 Draft Budgetary Plan presents an assessment of Finland’s general government finances and compliance with the fiscal rules over the period 2023–2025. The EU’s new fiscal rules entered into force on 30 April 2024.
