The Development Bank of the Philippines (Filipino: Bangko sa Pagpapaunlad ng Pilipinas, Castillian Spanish: Banco de Agricola y Hacienda de Filipinas or Banco de Desarollo de Filipinas), commonly known by its initials, DBP, is a state-owned development bank in Makati, Philippines.
It is the seventh-largest bank in the Philippines in terms of assets, and is the second-largest government-owned bank, next only to Landbank. It is also one of the largest government-owned and/or controlled corporations (GOCCs) in the Philippines.
Read more about Development Bank Of The Philippines: Core Functions, History, Organizational Structure, Key Officials, Subsidiaries and Affiliates, Ownership, Competition
Famous quotes containing the words development and/or bank:
“This was the Eastham famous of late years for its camp- meetings, held in a grove near by, to which thousands flock from all parts of the Bay. We conjectured that the reason for the perhaps unusual, if not unhealthful development of the religious sentiment here, was the fact that a large portion of the population are women whose husbands and sons are either abroad on the sea, or else drowned, and there is nobody but they and the ministers left behind.”
—Henry David Thoreau (1817–1862)
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)