STATE-OWNED Development Bank of the Philippines (DBP) said its loan approvals to priority sectors including neighborhood governments, water districts and electric cooperatives reached P53.2-billion as of stop-June 2016.
The determine is in keeping with its three-year goal of hitting P60 billion in loan approvals to precedence sectors through the quit of this yr, the bank said on Thursday.
“As the us of a’s most desirable improvement monetary group, the Development Bank of the Philippines is strongly devoted to its development mandate targeted on its mandate sectors,” DBP stated in a assertion.
The bank stated that through the years, it’s been a key participant in nation-constructing by means of assisting essential industries and sectors, promoting entrepreneurship especially inside the nation-state, helping build extra productive communities, advancing environmental safety, and contributing to the improvement of the lives of Filipinos throughout the state.
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