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Banks told to adapt as gov t starts to unwind support from pandemic

Banks told to adapt as gov t starts to unwind support from pandemic
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DBP loan portfolio increases 14% to P375 B in first 9 months

Published December 20, 2020, 6:30 AM The Development Bank of the Philippines (DBP)’s loan portfolio grew 13.91 per cent to P374.85-billion for the first nine months of the year, with the bulk, or P175.72-billion, going to the infrastructure and logistics sector, announced DBP President and Chief Executive Officer Emmanuel G. Herbosa. Social services followed, with P77.23-billion; environment projects, P43.12-billion; and micro, small, and medium enterprises, P26.48-billion.    DBP President and Chief Executive Officer Emmanuel G. Herbosa  “As the premiere infrastructure bank of the country, DBP broadened its support to priority industries,” he explained. “We are fully committed  to revitalize the economy battered by the pandemic and calamities,” Herbosa added. 

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