DBP meaning in Banking ?

Answer:

What is Development Bank of The Philippines mean?

The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines.

It was established after World War II in 1947 on the government's effort through its mandate to rebuild the country's war torned infrastructure.

It is the sixth-largest bank in the Philippines in terms of assets of more than P1.1-trillion as of March 2021. DBP is also the second-largest and one of the state-owned and controlled banks along with Land Bank of the Philippines (LBP) United Coconut Planters Bank (UCPB), Overseas Filipino Bank (OFW Bank), and Al-Amanah Islamic Bank.

It has 137 branches as of December 2018.

reference

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