Category: Development Bank of the Philippines

DBP grants P245-M for environment projects in El Nido, Palawan

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The Development Bank of the Philippines (DBP) has granted a P245-million term loan to the municipality of El Nido, Palawan to finance the construction of water supply and sewage and wastewater treatment systems as part of its efforts to promote environmental protection and sustainable development.

The proposed water supply systems are expected to help sustain the growth of local businesses especially the tourism industry in the municipality. These will consist of river diversion weirs, primary and dual media filters, storage tanks, disinfection systems and a combination of uPVC and HDPE transmission pipelines for falls or rivers as water source.

When completed, the project will provide a steady supply of safe and potable water to approximately 9,042 households in all 18 barangays of the municipality. It will also address the inadequate treatment measures in existing water pumps and deep wells in the area.

The project is supported by the provincial government of Palawan, the Department of Public Works and Highways, and the Department of Tourism.

The proposed construction of a sewage and wastewater treatment system is composed of sanitary sewer lines, storm sewer lines and the sewage treatment plant. The project will promote better health and sanitation conditions to about 2,254 households in the proposed service areas covering five of the 18 barangays in the municipality.

It will also help reduce environmental pollution through proper conveyance, treatment and disposal of sewage, and minimize health hazards brought about by contamination of water resources. The proposed sewage treatment plant has a design capacity of 2,400 cubic meters per day.

DBP Posts P4.6-Billion Profits in 2014

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State-owned Development Bank of the Philippines (DBP) posted net profits of P4.6-billion for the full year ending December 31, 2014, down 13% from the P5.28-billion in 2013. This translates to a Return on Equity of 11.01% and a Return on Assets of 1.03%.

Trading gains declined by P2.084-billion, from P2.762-billion in 2013 to P678-million in 2014. This was offset by higher interest income from investments in debt securities (+P1.472-billion) and regular loans (+P870-million) and higher foreign exchange gains (+P287-million). The growth in income from loans and investments marks the shift to more recurring sources of income, in line with the bank’s strategic direction to re-focus on its core lending and investing businesses. In government securities, the bank showed increased presence in the financial markets. The Bureau of Treasury awarded DBP as the 3rd Best Performing Government Securities Eligible Dealer in 2014, a big jump from its 10th rank in 2013.

Total deposits climbed 17% to P293.5-billion paced by low cost funds (Current and Savings Accounts or CASA), which grew by 8.5% to P201.0-billion, to result in a 68% low cost to high cost deposit ratio. The high deposit growth rate, coupled by the high proportion of low cost funds, helped the bank improve on its net interest margin to 2.34% from 2.15% in the previous year.

The bank’s total resources went up by 9% to P467.5-billion, nearing the half-trillion mark from P427.3-billion in 2013. Net loans and other receivables increased by 24% or P38.4-billion to P199.7-billion, with the bulk of the increase accounted for by regular loans (P18.8-billion). The bank’s Capital Adequacy Ratio (CAR) stood at 20.91% well above the Bangko Sentral ng Pilipinas’ 10% minimum requirement.

The bank’s developmental loans increased by P9.648-billion or 8.7% in 2014 vs. previous year, to comprise 83% of its total loan portfolio. This is led by the over-achievement in its “breakthrough goals” of loans to its core mandate sectors of Local Government Units (LGUs), Water Districts and Electric Cooperatives as loan approvals for 2014 breached the P28-billion mark vs. the bank’s target of P18-billion under its Performance Governance System where the bank achieved Compliance Status in October, 2014 and for which it won a Silver Trailblazer Award.

DBP Opens Fund Drive for SAF 44 Heroes

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State-owned Development Bank of the Philippines has opened a Savings Account to receive donations for the families of the 44 fallen heroes of the PNP-Special Action Force (SAF 44).

DBP Chief Marketing Officer Antonio Owen S. Maramag said the idea for the fund came from one of its Board directors and is supported by the entire Board and Management and Staff of DBP who all pledged to start the fund with their contributions and in order for all Filipinos to show their gratefulness to the ultimate sacrifice made by these fallen heroes.

The account has the following details:

Account Name: DBP Fund Drive (SAF 44)
Account Number: 6-22652-405-0 (Savings Account)

Donations can be deposited at any DBP Branch nationwide and can also be made via Inter-Bank Fund Transfer from any deposit account with an ATM card of any BancNet member bank thru BancNet ATM machines. The donations will be distributed by DBP directly to the families of the fallen SAF troopers.

DBP lends P410-M to aquaculture firm in Sarangani

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The Development Bank of the Philippines (DBP) has extended an additional P410-million loan to Alsons Aquaculture Corporation (AAC) to finance its sales expansion requirements in the local market as well as in the United States, Europe, and Middle East.

The DBP loan comprises of a P320-million omnibus credit line to address the operating needs of AAC from production, processing and sale of processed milkfish and other high value fish products. This would support the full utilization of the 10,000 metric tons (MT) processing capacity of AAC’s plants.

The DBP assistance includes a P80-million term loan for the company’s increasing feed volume requirement. With the P80-million term loan, AAC will be able to double its production to 7,200 MT from 3,600 MT translating into 90% total feeding requirement of the company. The P10-million domestic bills purchase line facility was also granted to support the liquidity of AAC.

Alsons Aquaculture Corp. has been a client of DBP since 2006 and was previously granted a total of P190.5-million in term loans for various capital expenditures of the company. DBP also assisted AAC in the construction of its feedmill building and acquisition of various machineries and equipment.

AAC employs around 2,000 work force from Sarangani Province, General Santos City and nearby municipalities.

DBP lends P410-M to aquaculture firm in Sarangani

PRNEWS Leave a comment

The Development Bank of the Philippines (DBP) has extended an additional P410-million loan to Alsons Aquaculture Corporation (AAC) to finance its sales expansion requirements in the local market as well as in the United States, Europe, and Middle East.

The DBP loan comprises of a P320-million omnibus credit line to address the operating needs of AAC from production, processing and sale of processed milkfish and other high value fish products. This would support the full utilization of the 10,000 metric tons (MT) processing capacity of AAC’s plants.

The DBP assistance includes a P80-million term loan for the company’s increasing feed volume requirement. With the P80-million term loan, AAC will be able to double its production to 7,200 MT from 3,600 MT translating into 90% total feeding requirement of the company. The P10-million domestic bills purchase line facility was also granted to support the liquidity of AAC.

Alsons Aquaculture Corp. has been a client of DBP since 2006 and was previously granted a total of P190.5-million in term loans for various capital expenditures of the company. DBP also assisted AAC in the construction of its feedmill building and acquisition of various machineries and equipment.

AAC employs around 2,000 work force from Sarangani Province, General Santos City and nearby municipalities.