Gil Buenaventura, RCBC's president, passes away
Veteran banker Gil Buenaventura passed away on Monday, April 21, according to an announcement by Rizal Commercial Banking Corp. (RCBC).
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Development Bank of the Philippines
Also known as DBP
The Development Bank of the Philippines (DBP) is a state-owned lender that plays a crucial role in supporting infrastructure and logistics projects across the country. Under President Marcos Jr.'s administration, DBP has experienced significant growth, reporting a 20% net income increase in 2024, its highest level in ten years. The bank continues to seek additional regulatory relief from the Bangko Sentral ng Pilipinas to further support its expanding operations and strategic financing initiatives.
This is an AI-generated summary based on recent coverage.
Last updated at April 21, 2025.
Recent stories about DBP
Gloria Diaz reveals 28-yr relationship, rules out marriage
Former Miss Universe Gloria Diaz, 73, revealed during an interview at the press conference of her horror movie 'Untold' on March 31 that she has been in a relationship with Michael O. De Jesus, President and CEO of the Development Bank of the Philippines, for 28 years.
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DTI launches ₱500M e-wallet loan for micro-enterprises
The Department of Trade and Industry (DTI) plans to launch a loan program for micro-entrepreneurs through e-wallet platforms like GCash and Maya, aiming to support small businesses such as sari-sari stores and wet markets.
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Accountant files graft complaints against Roxas City officials over P402M unauthorized time deposits
On Tuesday, March 11, accountant Carmen Andrade filed graft complaints with the Office of the Ombudsman-Iloilo against Roxas City Mayor Ronnie Dadivas, City Treasurer Mimi Riano, and City Accountant Teresita Bidiones over unauthorized time deposits totaling P402 million.
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DBP reports 20% net income growth, highest in 10 years
State-owned lender Development Bank of the Philippines (DBP) reported a net income growth of 20% in 2024, reaching its highest level in ten years at P7.1 billion.
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SC schedules oral arguments on GAA and Maharlika Fund constitutionality
The Supreme Court (SC) has scheduled oral arguments for April to address petitions challenging the constitutionality of the 2025 General Appropriations Act and the Maharlika Investment Fund Act.
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BSP considers additional relief for DBP, contingent on strong justification
The Bangko Sentral ng Pilipinas (BSP) is considering further regulatory relief for the Development Bank of the Philippines (DBP), contingent on strong justification from DBP.
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House OKs DBP charter bill, raises capital to PHP300B
The House of Representatives approved a bill on Tuesday that aims to establish a new charter for the Development Bank of the Philippines (DBP) with 199 votes in favor, three against, and no abstentions.
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House approves bill to strengthen DBP's role with PHP300B capital increase
On Monday, the House of Representatives approved on second reading a bill seeking to establish a new charter for the Development Bank of the Philippines (DBP) to strengthen its role in national development.
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DBP raises P11B from oversubscribed dual-tenor bonds
The Development Bank of the Philippines (DBP) raised P11 billion from its dual-tenor fixed-rate notes offering, which was oversubscribed by five-and-a-half times compared to the initial P2-billion program.
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