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The DBP, under its new charter, is classified as a development bank and may perform all other functions of an expanded commercial bank. Its primary objective is to provide banking services principally to cater to the medium- and long-term needs of agricultural and industrial enterprises with emphasis on small-and medium-scale industries.
The affairs and business of the Bank are directed and its properties managed and preserved and its corporate powers exercised by a Board of Directors consisting of nine (9) members appointed by the President of the Republic of the Philippines.
The Chief Executive Officer of the Bank is also the President who is elected by the Board of Directors. The President is also the Vice Chairman of the Board.
The President shall, among other powers and duties, execute, carry out and administer the policies, measures and orders and resolutions approved by the Board; direct and supervise the operation and administration of the Bank; and exercise such other powers and perform such other functions or duties as may be directed or assigned to him by law or by the Board from time to time.
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. The Bank also continues its developmental thrusts on economic pump-priming and program-type lending to strategic sectors like infrastructure, transportation, telecommunications, power and energy, SMEs, agriculture and food security, education, health care, housing, micro-finance, and environment.
In 2002, DBP became 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). The recognition covers its banking, lending
and investment activities.
In 2004, DBP's EMS was recertified by AJA Registrars.
DBP also undertakes continuous institutional strengthening efforts to ensure its viability and strategic positioning towards globally competitive operations. DBP likewise continues to lead sustainable economic development, offering innovative products and services while maintaining its social responsibility.
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