Development Bank of the Philippines Archives

Pres. Aquino Issues an Executive Order Approving the Merger of Land Bank & DBP

February 10, 2016 by Ed Umbao in News

The President of the Republic of the Philippines, Pres. Benigno “Noynoy” Aquino III has signed an executive order (EO No. 198 issued on Feb. 4) approving the merger of the two biggest banks in the Philippines, the Development Bank of the Philippines (DBP) and Land Bank of the Philippines. According to Pres. Aquino’s Executive Order … Read more

DBP Bonuses Worth Almost P300 Million Disallowed by COA

February 9, 2016 by Ed Umbao in News

The top officials of the state-owned Development Bank of the Philippines is now under fire after the Commission on Audit (COA) disallowed the almost P300 million worth of bonuses for being “irregular and excessive,” under the agency’s rules. COA released a notice of disallowance sent to DBP, as they noted that the bonuses approved by … Read more