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:
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (1788–1824)