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Friday, March 29, 2024

DBP to support 2,500 scholars

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State-run Development Bank of the Philippines, the eighth-largest lender in terms of assets, strengthened its corporate social responsibility program for education through a new scholarship initiative that targets underprivileged high school graduates across the archipelago.

DBP president and chief executive Cecilia Borromeo said the bank would support the education of more than 2,500 scholars in the next five years through the DBP Resources for Inclusive and Sustainable Education which is financed by a P500-million seed fund.

“As one of the top government financial institutions, the DBP is being tasked to do more so that the administration’s poverty alleviation efforts will be felt by more Filipinos,” Borromeo said.

“DBP Rise is one project which can make a substantial difference in the lives of many of our poor countrymen,” she said.

Borromeo said that with DBP Rise, the bank would support students enrolled in courses such as accountancy, engineering, education, and information technology. DBP will shoulder tuition fees, board and lodging expenses, living allowance, cost of apprenticeship, residency training and expenses during review for board exams. 

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