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Philippines
Friday, March 29, 2024

DBP offers loan programs to meet PH energy needs

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State-run Development Bank of the Philippines said it is prepared to provide the necessary financing to all players in the energy industry in support of the national government’s efforts to accelerate initiatives to meet the country’s rising demand for power fueled by a rapidly-expanding economy, a top official said.

DBP president and chief executive Michael de Jesus said the bank’s loan programs for the energy sector would be beneficial to firms seeking to expand capacity or venture into power generation projects especially in underserved areas of the country.

“DBP is ready to provide the necessary financial and technical assistance to all firms that are seeking new opportunities to meet the expanding energy requirements, especially in areas of the country where there is a resurgence of economic activity,” de Jesus said.

DBP is the eighth largest bank in the country in terms of assets and remains a relevant and reliable partner of the national government in serving the financing needs of strategic and critical economic sectors, particularly infrastructure and logistics, micro, small and medium enterprises, social services and the environment.

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