The new millennium brings about fresh challenges to the Philippine economy. In response to the call of President Gloria Macapagal Arroyo for the eradication of poverty, the Development Bank of the Philippines (DBP) is banking projects that will help in the alleviation of poverty.

Since it was established in 1947, DBP assisted in the economic recovery of the country. Today, it continues to undertake major activities that generate employment, increase income, lower inflation, and ensure availability of food, shelter, and basic services. The ultimate goal is to improve the quality of life of the Filipino people.

As the premiere development financial institution in the country, DBP plays an active role in the Government’s pump-priming activities through its retail and wholesale lending facilities to strategic sectors. The Bank is a conduit of international funds from multilateral sources and bilateral institutions for official development assistance (ODA) programs and grants.

DBP offers medium to long-term financing for agricultural and industrial enterprises, particularly in the countryside. It is committed in areas where development is most urgent, such as Mindanao. In fact, DBP is the only financial institution that sets aside 30% of its annual income for projects with high development impact. To realize countrywide development, the Bank strengthens its linkages with Local Government Units (LGUs) as partners in development and helps them fast track key projects by financing their revenue-enhancing projects, infrastructure and other development projects.

As a universal bank, DBP also offers a broad range of investment opportunities, business, financial and lending products and services for foreign and local investors and entrepreneurs. It is a catalyst for sectoral development most especially - transportation, telecommunications, power and energy, agriculture, education, and health care.

DBP is the Bank for all Filipinos, its mission: to contribute to development, peace and social equity. In line with the Estrada Administration thrusts, DBP focuses on projects that are responsive to the needs of the times. The fight against poverty is a long process, but with DBP, the resolve to win the war against poverty remains as strong as ever.