Tuesday, September 05, 2006
Bank ready to support various projects in Iloilo
THE Development Bank of the Philippines (DBP) recently discussed its priority projects in Iloilo with Governor Niel Tupas and some key clients.
DBP President and Chief Executive Officer Reynaldo David said the state-owned bank wants to increase the share of its loans to 90 percent of its total loan portfolio as the bank gears up to become a more vital partner of the government in nation-building.
He also added that the DBP is ready to support the various projects bared by President Gloria Macapagal-Arroyo during her recent State of the Nation Address (Sona).
David also said that DBP is putting a premium on its flagship projects including the Sustainable Logistics Development Program.
The SLDP aims to improve the infrastructure for the efficient movement of commodities, and to bring down the cost of goods, through a modern storage, handling, and transport system.
DBP is also prioritizing projects for public utilities such as power generation, water supply and distribution, and projects towards country development including schools, hospitals and airports. (PIA 6/ESS)
(September 5, 2006 issue)
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