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Topic: Development Bank of the Philippines

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	Philippines - THE SERVICE SECTOR
		The Philippine financial system in the early 1990s was composed of banking institutions and nonbank financial intermediaries, including commercial banks, specialized government banks, thrift and rural banks, offshore banking units, building and loan associations, investment and brokerage houses, and finance companies.
		The Philippines had a relatively sophisticated banking system; however, the level of financial intermediation was low relative to the size of the economy.
		In 1986 nonperforming assets of the two institutions were transferred to the government, reducing the value of the assets of the Philippine National Bank by 67 percent and that of the Development Bank of the Philippines by 87 percent.
	www.country-data.com /cgi-bin/query/r-10459.html (967 words)

	History of Asiatrust Bank
		The Philippines soon became the envy of its neighbor-countries as it proved to be one of the most advanced, high-growth economies in the region.
		As a result, thrift banks which include private development banks, ceased to enjoy their built-in interest rate advantage over the commercial banks and were instead compelled to compete based on an even-level playing field.
		ADB's equity investment in Asiatrust Bank, which is equivalent to 15% of the Bank's capital stock at that time, was in line with its objective of promoting economic development in the Philippines by catalyzing the flow of external and domestic funding to the private sector.
	www.asiatrustbank.com /AboutUs_05.asp (957 words)

	World Bank Encyclopedia Article @ NaturalResearch.org (Natural Research) (Site not responding. Last check: 2007-11-01)
		The World Bank Group is a group of five international organizations responsible for providing finance and advice to countries for the purposes of economic development and poverty reduction, and for encouraging and safeguarding international investment.
		One general critique is that the Bank is under the marked political influence of certain countries (notably, the United States) that would profit from advancing their interests.
		Furthermore, it is frequently suggested that the Bank intervenes in order to salvage irresponsible loans from private institutions to third world governments (and which are also often corrupt and non-representative), and thus shifts the risk from the original risk-takers to the public of the rich countries, who ultimately must back the Bank.
	www.naturalresearch.org /encyclopedia/World_Bank (3371 words)

	DBP - Trailblazing the economy as a banking partner of the Filipino : FUJITSU Philippines
		For 54 years after its founding, the Development Bank of the Philippines weathered through economic and political storms, yet is still standing strong and hardy with its branches steadfastly offering a "shade" to all its stakeholders in the task of nation-building.
		The DBP supports the growth of domestic capital markets and is the country's major conduit of international funds from multilateral and bilateral institutions for official development assistance (ODA) programs and grants.
		Recently, DBP was recognized as the first Philippine bank to be ISO 14001 Certified by SGS Switzerland SA for its successful establishment and implementation of an Environmental Management System (EMS).
	www.fujitsu.com /ph/casestudies/dbp.html (1524 words)

	Philippines - Monetary Policy
		In 1991 the policy-making body of the Central Bank was the Monetary Board, composed of the governor of the Central Bank as chairman, the secretary of finance, the director general of the National Economic and Development Authority, the chairman of the Board of Investment, and three members from the private sector.
		The dependence of the banking system on funds from the Central Bank at low interest rates, in conjunction with the discretionary authority of the bank, has been cited as a contributing factor to the financial chaos that occurred in the 1980s.
		Borrowings of the government-owned Development Bank of the Philippines from the Central Bank increased almost 100-fold during this period.
	www.country-data.com /cgi-bin/query/r-10445.html (1150 words)

	Development Bank of the Philippines - The Official Website (Site not responding. Last check: 2007-11-01)
		DBP is the first Philippine bank to be ISO 14001 certified by SGS Switzerland SA from 2002 - 2004 for its successful establishment and implementation of an Environmental Management System (EMS).
		The Development Bank of the Philippines is the country's most progressive development banking institution.
		DBP recognizes small and medium enterprises as a potent force in spurring development.
	www.devbankphil.com.ph (136 words)

	Links to Relevant Websites (Site not responding. Last check: 2007-11-01)
		The Bangko Sentral ng Pilipinas is the central bank of the Republic of the Philippines.
		It was established as an independent central monetary authority pursuant to the Philippine Constitution and the New Central Bank Act of 1993 as part of the restructuring of the old Central Bank of the Philippines (CBP).
		The Land Bank of the Philippines is a government financial institution mandated to spur countryside development.
	www.philexport.ph /weblinks_banks.html (601 words)

	Rural Bankers Association of the Philippines - Regulations - Republic Acts - RURAL ACT OF 1992 (R.A. No. 7353) -
		All rural banks created and organized under the provisions of this Act shall be exempt from the payment of all taxes, fees and charges of whatever nature and description, except the corporate income tax and local taxes, fees and charges, for a period of five (5) years from the date of commencement of operations.
		All rural banks in operation as of the date of approval of this Act shall be exempt from the payment of all taxes, fees and charges of whatsoever nature and description, except the corporate income tax and local taxes, fees and charges, for a period of five (5) years from the approval of this Act.
		Rural banks organized and operated under the provisions of this Act shall act as agents of the Philippine National Bank, the Land Bank of the Philippines and the Development Bank of the Philippines in places where these banks have no offices, subject to accreditation guidelines.
	www.rbap.org /article/archive/226 (2130 words)

	DEVELOPMENT BANK OF THE PHILIPPINES' NEW ROLE
		DBP chairman Vitaliano Nañagas explains that the bank had a difficult time in the past identifying its role in the economy that it decided to focus on the logistics chain.
		Maritime Equity Corp. of the Philippines or MECP was created under the National Development Co. (NDC) with an initial equity funding from the NDC of P100 million.
		With the Land Bank of the Philippines taking care of financing agricultural production and DBP the post-harvest logistics side, there might be hope for our agricultural sector after all.
	www.newsflash.org /2004/02/be/be003045.htm (651 words)

	Support for Economic Recovery in the Philippines
		An OED audit explores the role played by the Bank's Economic Recovery Loan (approved 1987) in establishing a dialogue with the new government and reaching agreement among policy makers on the necessary course of reform.
		Bank staff relied on the macroeconomic framework provided by the IMF, which contemplated an expansionary fiscal policy to be financed with increased foreign aid.
		At the end of 1986, the two banks transferred all nonperforming loans above P10 million ($0.5 million) to APT for workout and ultimately sale to the private sector; corresponding liabilities were transferred to the government.
	wbln0018.worldbank.org /oed/oeddoclib.nsf/a2ef8707690885cf85256885007bb32c/8b3bf0f24b61e91d852567f5005d84ec?OpenDocument (2480 words)

	Philippines - ECONOMIC PLANNING AND POLICY
		National Economic and Development Authority plans calling for the expansion of employment, maximization of growth, attainment of fiscal responsibility and monetary stability, provision of social services, and equitable distribution of income were produced by the Marcos administration for 1974-77, 1978-82, and 1983-88, and by the Aquino administration for 1987-92.
		The private sector was described as both the "initiator" and "prime mover" of the country's development; hence, the government was "to encourage and support private initiative," and state participation in the economy was to be minimized and decentralized.
		The World Bank calculated that effective tax rates (taxes paid as a proportion of income) of low-income families were about 50 percent greater than those of high-income families in the mid-1980s.
	countrystudies.us /philippines/59.htm (2992 words)

	G.R. No. 110053
		In the auction sale held on September 9, 1970, DBP acquired the property as the highest bidder and was issued a certificate of sale on September 17, 1970 by the sheriff.
		The latter required the former to submit a certification from the Bureau of Forest Development that the land is alienable and disposable.
		The loan application of respondent spouses was nevertheless eventually approved by DBP in the sum of P140,000.00, despite the aforesaid certification of the bureau, on the understanding of the parties that DBP would work for the release of the land by the former Ministry of Natural Resources.
	www.lawphil.net /judjuris/juri1995/oct1995/gr_110053_1995.html (2457 words)

	ASIAN DEVELOPMENT BANK, Manila, The Philippines (Site not responding. Last check: 2007-11-01)
		Development Economists--To fill positions in the Asian Development Bank's Economics and Research Department which are likely to become available in the next 12 months, we seek to develop a pool of highly motivated and seasoned professionals who are interested in assisting ADB in the fight against poverty.
		Main responsibilities are to conduct research on development challenges and constraints to long-term growth in developing Asia and effectiveness of development assistance, and to support ADB's lending and policy operations in its developing member countries.
		Applicants should have a PhD with specialization of development or public sector economics; substantial experience in research on development issues; proven record of publications; strong analytical/problem-solving capacity; strong interpersonal skills, teamwork ability; excellent oral/written communication skills in English.
	www.aeaweb.org /joe/0606d/html/joe018.html (399 words)

	Mortgages
		Since mortgage debt is often the largest debt owed by the debtor, banks and other mortgage lenders run title searches of the real property to make certain that there are no mortgages already registered on the debtor's property which might have higher priority.
		UK banks usually charge a valuation fee, which pays for a chartered surveyor to visit the property and ensure it is worth enough to cover the mortgage amount.
		Committee on Banking Housing and Urban Affairs., Predatory mortgage lending : the problem, impact, and responses : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Seventh Congress, first session on the examination of the problem, impact, and responses of predatory mortgage lending practices, July 26 and 27, 2001.
	real-estate-properties.essential-facts.com /Mortgage.html (5018 words)

	Nortel Networks: Development Bank of the Philippines Upgrades to Carrier-Grade Nortel Networks PBX
		MANILA, Philippines – Seeking to create a scalable, upgradeable platform for introduction of advanced voice technologies and new call center and e-commerce applications, the Development Bank of the Philippines (DBP), the country’s premier development financing institution, has upgraded its existing SL-1* PBX with a ‘top-of-the-line’ Meridian* 1* communications system from Nortel Networks* [NYSE/TSX: NT].
		DBP upgraded to Nortel Networks Meridian 1 Option 61C, a carrier-grade platform supporting both traditional voice and voice over IP communications for enterprises requiring 200 to 2,000 lines.
		The Development Bank of the Philippines www.devbankphil.com.ph is the country's most progressive development banking** institution.
	www.nortel.com /corporate/news/newsreleases/2003b/06_17_03_dbp.html (624 words)

	Land Bank, DBP eye 70% of OFW bank (Site not responding. Last check: 2007-11-01)
		STATE-OWNED Land Bank of the Philippines and Development Bank of the Philippines (DBP) plan to acquire jointly up to 70 percent of the Malacañang-backed, P1-billion Overseas Filipino Workers Bank, or OFW Bank, to be created out of the government's Philippine Postal Bank, Land Bank officials said.
		The government banks have been invited to invest in the proposed OFW Bank and have seen the benefits of pooling their resources into one entity focused on serving the interests of OFWs, said Gilda Pico, officer-in-charge of Land Bank.
		DBP and Land Bank could contribute P350 million each and Postal Bank could contribute P300 million to have the P1 billion in proposed capitalization, Cruz said.
	money.inq7.net /topstories/view_topstories.php?yyyy=2006&mon=05&dd=13&file=1 (589 words)

	ASEM - Philippines Strengthening Financial Sector Infrastructure
		The Bank is in an advanced stage of preparing three projects to respond to the impact of the Asian financial crisis in the Philippines.
		One of the objectives of all the three operations is to further strengthen LBP, DBP and the Philippines National Bank (PNB), another large Government-controlled bank, and to help them better cope with adverse effects of the financial crisis.
		As a result, the two banks would be able to improve their internal controls and procedures, make adequate provisions, and better manage various risks amplified by the current financial crisis.
	web.worldbank.org /WBSITE/EXTERNAL/COUNTRIES/EASTASIAPACIFICEXT/ASEM/0,,contentMDK:20139235~pagePK:64018272~piPK:64018284~theSitePK:277456,00.html (243 words)

	Development Bank of Phil vs CA : 137557 : October 30, 2000 : J. Mendoza : Second Division (Site not responding. Last check: 2007-11-01)
		DEVELOPMENT BANK OF THE PHILIPPINES, petitioner, vs. HON.
		A careful reading of the aforequoted provisions reveals that while the period of payment (six years) and the amount of the first amortization (P23,126.14) are stipulated, the amount that the vendees should pay semi-annually is not specified.
		There being no question as to the validity of the Conditional Contract of Sale, the DBP correctly applied the provision on interests and penalty charges when private respondents failed to pay on the dates agreed upon.
	www.supremecourt.gov.ph /jurisprudence/2000/oct2000/137557.htm (3230 words)

	P50-M fund allotted for forest project - INQ7.net (Site not responding. Last check: 2007-11-01)
		Jonathan Teves, DBP Dumaguete branch manager, said the project, which was launched in Bataan in April, is one way of demonstrating the bank's social responsibility.
		Teves said "DBP Forest" envisions to develop downstream industries in the rural areas by supporting and encouraging the forestation of open areas through the planting of high value fruit trees and other useful species, like bamboo and ilang-ilang in partnership with local governments and other groups.
		A bank's brochure of the project said DBP believed that improving the environment can be done by helping establish forests and prevent soil erosion, conserve water, provide habitat to wildlife and, more importantly, create rural livelihood opportunities.
	news.inq7.net /regions/index.php?index=1&story_id=37778 (354 words)

	What Is An Ing Bank And Its Function In The Philippines - Offshore Banking
		All Branches Of Bank Of The Philippine Island
		Bank Of The Philippine Island In The Philippine
		Adress Of The Bank Of The Philippine Island
	www.offshore-resources.com /banks/12524.htm (1435 words)

	Banks in the Philippines Web Listings Information \| Business.com
		Development Bank of the Philippines prices debut Tier-1 deal - In Barclays and Deutsche Bank have completed an inaugural offshore offering for the Development Bank of the Philippines (DBP) with a $130 million perpetual...
		ABN Amro Bank NV Manila, ABNA PH MM, 11-03-253, Pls remit funds to ABN Amro Bank NV Amsterdam A/C 530323869 f/o Development Bank of the Philippines...
		The Philippine banking structure consists of the governmentowned Central Bank of the Philippines (created in 1949), which acts as the government's fiscal...
	www.business.com /directory/financial_services/banking/banking_institutions/commercial_banks/philippines/weblistings.asp (500 words)

	ABS-CBN Interactive
		Metropolitan Bank and Trust Co., the Philippines' biggest lender, was the first to sell hybrid tier-I issues from the Southeast Asian country.
		Philippine share prices dived more than two percent and the peso slipped against the dollar Wednesday as investors were jolted by news of a Thai military coup against Prime Minister Thaksin Shinawatra, dealers said.
		Philippine government borrowings in the first eight months of the year rose slightly from a year ago, according to the Department of Finance.
	www.abs-cbnnews.com /storypage.aspx?StoryID=49706 (1211 words)

	Islamic Bank Profile (Site not responding. Last check: 2007-11-01)
		The Islamic Bank shall be under the supervision and regulation of the Central Bank.
		Lastly, one of the alleged directors of the Dimapunong group’s "Islamic Bank", Atty.
		Bangko Sentral ng Pilipinas on Islamic Bank in the Philippines
	www.islamicbank.com.ph /philstar.html (744 words)

	Links to Relevant Websites (Site not responding. Last check: 2007-11-01)
		Ana and the islands of Fuga, Barit, Mabbag in the Municipality of Aparri in the Province of Cagayan - with approximately 54,118.95 hectares of urban, suburban and agro-industrial lands for prime development.
		The Home Development Mutual Fund, more popularly known as Pag-IBIG Fund, was basically conceptualized to address two of the country's basic concerns: generation of savings and provision of the shelter for the workers.
		The Philippine Institute for Development Studies (PIDS) was established to respond to the critical and growing need for research for planning and policy formulation.
	www.philexport.ph /weblinks_govtowned.html (901 words)

	News Updates: The Case of the Construction and Development Corporation of the Philippines (CDCP) (Site not responding. Last check: 2007-11-01)
		Ferdinand Marcos, as President of the Philippines for 20 years, would be responsible for sweeping CDCP to prominence through the grant of the biggest construction projects of government.
		On the international banking front, there is basis to cast blame on the foreign creditors who sustained by an infusion of loans what was by then an obviously mismanaged and floundering company.
		RNBD and the other banks in the syndicate had specified a single condition to the loan grant: The deal must be secured by a PNB standby Letter of Credit.
	www.freedomfromdebtcoalition.org /main/pages/000092.php (5175 words)

	Pakistan Times \| Top Story: Asia Development Bank grants technical aid to Pakistan
		MANILA (Philippines): Asia Development Bank (ADB) has approved technical aid worth of 2,90,000 Dollars for Pakistan in order to develop its transport policy, a report said on Monday.
		SME Bank's commercial banking division vice president.Sohail Ishtiaq Khan, says that a major chunk of the loan will be invested into SME Bank for reviving of sick units besides and allowing fresh lending to intending borrowers in its eight selected branches throughout the country.
		Khan said the government had allowed the SME Bank to launch a commercial banking service from January-2005 and was confident that it would help the bank play a pivotal role in the banking sector, especially for the benefit of small and medium businessmen.●
	www.pakistantimes.net /2004/10/26/top9.htm (359 words)

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