Core Functions
DBP services various sectors of Philippine society, from farmers to businessmen. Although the Philippines has an economy largely dependent on agriculture, something that Landbank addresses, DBP aims for national development through financing the various businesses and economic sectors that keep the Philippine economy afloat. Like Landbank, it provides the services of a regular universal bank; however, it is officially classified as a "specialized government bank" with a universal banking license.
Also like Landbank, DBP also has a large rural branch network. However, the aim of DBP's rural branch network is not the same as Landbank's. Instead, DBP diversifies banking choices whenever an area's banking sector is either dominated by one or a few banks, regardless of status.
Read more about this topic: Development Bank Of The Philippines
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