State-owned Development Bank of the Philippines (DBP) has expanded its branch network with the opening of a new branch lite unit (BLU) in the municipality of Talakag in Bukidnon as it eyes ramping up its financing activities in Northern Mindanao.
DBP president and chief executive Michael de Jesus said the opening of DBP Talakag BLU is in line with the goal of President Ferdinand Marcos Jr. of providing accessible financial services to more Filipinos, especially those in far-flung communities.
“DBP is eager to serve the banking needs of the people of Talakag and nearby areas, and we are hopeful that our presence here will help unlock the potential of the town as the next eco-tourism destination in Mindanao,” de Jesus said.
DBP is the 10th largest bank in the country in terms of assets and provides credit support to four priority sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development.
