June 22, 2018, 6:24 pm
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1 Philippine Peso = 0.06897 UAE Dirham
1 Philippine Peso = 2.04526 Albanian Lek
1 Philippine Peso = 0.03404 Neth Antilles Guilder
1 Philippine Peso = 0.52113 Argentine Peso
1 Philippine Peso = 0.02544 Australian Dollar
1 Philippine Peso = 0.03343 Aruba Florin
1 Philippine Peso = 0.03756 Barbados Dollar
1 Philippine Peso = 1.57728 Bangladesh Taka
1 Philippine Peso = 0.03184 Bulgarian Lev
1 Philippine Peso = 0.00709 Bahraini Dinar
1 Philippine Peso = 32.88225 Burundi Franc
1 Philippine Peso = 0.01878 Bermuda Dollar
1 Philippine Peso = 0.02522 Brunei Dollar
1 Philippine Peso = 0.12883 Bolivian Boliviano
1 Philippine Peso = 0.07009 Brazilian Real
1 Philippine Peso = 0.01878 Bahamian Dollar
1 Philippine Peso = 1.277 Bhutan Ngultrum
1 Philippine Peso = 0.19573 Botswana Pula
1 Philippine Peso = 375.96244 Belarus Ruble
1 Philippine Peso = 0.03752 Belize Dollar
1 Philippine Peso = 0.02494 Canadian Dollar
1 Philippine Peso = 0.01868 Swiss Franc
1 Philippine Peso = 12.01146 Chilean Peso
1 Philippine Peso = 0.12169 Chinese Yuan
1 Philippine Peso = 54.86948 Colombian Peso
1 Philippine Peso = 10.59718 Costa Rica Colon
1 Philippine Peso = 0.01878 Cuban Peso
1 Philippine Peso = 1.78854 Cape Verde Escudo
1 Philippine Peso = 0.41869 Czech Koruna
1 Philippine Peso = 3.33333 Djibouti Franc
1 Philippine Peso = 0.12088 Danish Krone
1 Philippine Peso = 0.93052 Dominican Peso
1 Philippine Peso = 2.20053 Algerian Dinar
1 Philippine Peso = 0.25367 Estonian Kroon
1 Philippine Peso = 0.33502 Egyptian Pound
1 Philippine Peso = 0.51117 Ethiopian Birr
1 Philippine Peso = 0.01621 Euro
1 Philippine Peso = 0.03897 Fiji Dollar
1 Philippine Peso = 0.01426 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08833 Ghanaian Cedi
1 Philippine Peso = 0.87962 Gambian Dalasi
1 Philippine Peso = 169.05164 Guinea Franc
1 Philippine Peso = 0.14052 Guatemala Quetzal
1 Philippine Peso = 3.88526 Guyana Dollar
1 Philippine Peso = 0.14739 Hong Kong Dollar
1 Philippine Peso = 0.44866 Honduras Lempira
1 Philippine Peso = 0.1197 Croatian Kuna
1 Philippine Peso = 1.23812 Haiti Gourde
1 Philippine Peso = 5.22103 Hungarian Forint
1 Philippine Peso = 261.46479 Indonesian Rupiah
1 Philippine Peso = 0.06819 Israeli Shekel
1 Philippine Peso = 1.27817 Indian Rupee
1 Philippine Peso = 22.23474 Iraqi Dinar
1 Philippine Peso = 796.99531 Iran Rial
1 Philippine Peso = 2.05333 Iceland Krona
1 Philippine Peso = 2.4507 Jamaican Dollar
1 Philippine Peso = 0.01331 Jordanian Dinar
1 Philippine Peso = 2.06607 Japanese Yen
1 Philippine Peso = 1.89577 Kenyan Shilling
1 Philippine Peso = 1.28255 Kyrgyzstan Som
1 Philippine Peso = 75.84601 Cambodia Riel
1 Philippine Peso = 7.92488 Comoros Franc
1 Philippine Peso = 16.90141 North Korean Won
1 Philippine Peso = 20.8492 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.0154 Cayman Islands Dollar
1 Philippine Peso = 6.40488 Kazakhstan Tenge
1 Philippine Peso = 157.33333 Lao Kip
1 Philippine Peso = 28.26291 Lebanese Pound
1 Philippine Peso = 3.00282 Sri Lanka Rupee
1 Philippine Peso = 2.66254 Liberian Dollar
1 Philippine Peso = 0.2584 Lesotho Loti
1 Philippine Peso = 0.05725 Lithuanian Lita
1 Philippine Peso = 0.01165 Latvian Lat
1 Philippine Peso = 0.02546 Libyan Dinar
1 Philippine Peso = 0.17921 Moroccan Dirham
1 Philippine Peso = 0.31576 Moldovan Leu
1 Philippine Peso = 0.99324 Macedonian Denar
1 Philippine Peso = 25.69014 Myanmar Kyat
1 Philippine Peso = 45.33333 Mongolian Tugrik
1 Philippine Peso = 0.15181 Macau Pataca
1 Philippine Peso = 6.66667 Mauritania Ougulya
1 Philippine Peso = 0.65765 Mauritius Rupee
1 Philippine Peso = 0.29239 Maldives Rufiyaa
1 Philippine Peso = 13.39812 Malawi Kwacha
1 Philippine Peso = 0.3853 Mexican Peso
1 Philippine Peso = 0.07515 Malaysian Ringgit
1 Philippine Peso = 0.25797 Namibian Dollar
1 Philippine Peso = 6.74178 Nigerian Naira
1 Philippine Peso = 0.59151 Nicaragua Cordoba
1 Philippine Peso = 0.15379 Norwegian Krone
1 Philippine Peso = 2.0385 Nepalese Rupee
1 Philippine Peso = 0.0272 New Zealand Dollar
1 Philippine Peso = 0.00723 Omani Rial
1 Philippine Peso = 0.01878 Panama Balboa
1 Philippine Peso = 0.06164 Peruvian Nuevo Sol
1 Philippine Peso = 0.06142 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28545 Pakistani Rupee
1 Philippine Peso = 0.06993 Polish Zloty
1 Philippine Peso = 106.70047 Paraguayan Guarani
1 Philippine Peso = 0.06835 Qatar Rial
1 Philippine Peso = 0.07565 Romanian New Leu
1 Philippine Peso = 1.1966 Russian Rouble
1 Philippine Peso = 15.95174 Rwanda Franc
1 Philippine Peso = 0.07042 Saudi Arabian Riyal
1 Philippine Peso = 0.14841 Solomon Islands Dollar
1 Philippine Peso = 0.25277 Seychelles Rupee
1 Philippine Peso = 0.33719 Sudanese Pound
1 Philippine Peso = 0.16718 Swedish Krona
1 Philippine Peso = 0.02548 Singapore Dollar
1 Philippine Peso = 0.01426 St Helena Pound
1 Philippine Peso = 0.41701 Slovak Koruna
1 Philippine Peso = 149.29577 Sierra Leone Leone
1 Philippine Peso = 10.57277 Somali Shilling
1 Philippine Peso = 397.4216 Sao Tome Dobra
1 Philippine Peso = 0.16432 El Salvador Colon
1 Philippine Peso = 9.67099 Syrian Pound
1 Philippine Peso = 0.25817 Swaziland Lilageni
1 Philippine Peso = 0.61446 Thai Baht
1 Philippine Peso = 0.04845 Tunisian Dinar
1 Philippine Peso = 0.04326 Tongan paʻanga
1 Philippine Peso = 0.08905 Turkish Lira
1 Philippine Peso = 0.12487 Trinidad Tobago Dollar
1 Philippine Peso = 0.56648 Taiwan Dollar
1 Philippine Peso = 42.59155 Tanzanian Shilling
1 Philippine Peso = 0.49596 Ukraine Hryvnia
1 Philippine Peso = 72.33803 Ugandan Shilling
1 Philippine Peso = 0.01878 United States Dollar
1 Philippine Peso = 0.59211 Uruguayan New Peso
1 Philippine Peso = 147.69953 Uzbekistan Sum
1 Philippine Peso = 1498.59155 Venezuelan Bolivar
1 Philippine Peso = 429.12676 Vietnam Dong
1 Philippine Peso = 2.02911 Vanuatu Vatu
1 Philippine Peso = 0.04869 Samoa Tala
1 Philippine Peso = 10.62592 CFA Franc (BEAC)
1 Philippine Peso = 0.0507 East Caribbean Dollar
1 Philippine Peso = 10.62592 CFA Franc (BCEAO)
1 Philippine Peso = 1.92432 Pacific Franc
1 Philippine Peso = 4.69202 Yemen Riyal
1 Philippine Peso = 0.25823 South African Rand
1 Philippine Peso = 97.4554 Zambian Kwacha
1 Philippine Peso = 6.79624 Zimbabwe dollar

DBP net up 21%

State-owned Development Bank of the Philippines (DBP) posted a net income of P5.1-billion in 2017 showing a 21.43 percent increase from the P4.2-billion recorded in 2016 spurred largely by a steady growth in its loan portfolio.

In a press briefing, DBP president and chief executive officer Cecilia Borromeo said the bank achieved significant milestones in 2017, adding that DBP’s overall financial performance reflects the positive sentiment of the market to the resiliency and robustness of the economy. 

“There are a lot of positive things going on in our institution. We are experiencingrobust growth in our financials.  Our development side is kicking into high gear.  We have tailored our programs to make us more relevant in the National Government’s scheme of things,” Borromeo said.

Borromeo said that DBP is eyeing to become a one trillion bank by 2022 when it celebrates its diamond jubilee anniversary through the expansion of its deposit base and aggressive lending activities. 

She said DBP is taking firm steps to improve its financial indicators such as portfolio quality, liquidity and capital ratios in order to be comparable with its counterparts in the ASEAN region. 

DBP will beef up its acquisition activities by aggressively targeting one million new depositors in the next five years, especially small depositors residing in underserved areas of the country.  

“This is an integral part of our advocacy to introduce more unbanked Filipinos into the financial mainstream,” Borromeo said. 

DBP’s gross loan portfolio last year stood at P293.47-billion, a 21.82 percent increase from the P240.9-billion recorded in 2016.  

Total assets expanded by 11.43 percent to P597.41-billion. Deposits also grew from P356.24-billion to P412.36-billion, with government deposits accounting for about 74 percent of this total amount. 

Borromeo reported that DBP lent a total of P76.23-billion to infrastructure and logistics projects, representing nearly 35 percent of its total loan portfolio amounting to P219.93-billion.  

“We are very excited to have been appointed to help usher in the ‘golden age for infrastructure’ in the country,” Borromeo said.  “We are intensely looking forward to helping bridge the country’s infrastructure gap, and to help fund ongoing and proposed major infrastructure projects, which are vital for sustaining high and inclusive growth,” Borromeo said.  

DBP has approved a total of P7-billion for 132 projects under its flagship Infrastructure Contractors Support (DBP ICONS) Program to address the funding gaps in infrastructure development in line with the “Build, Build, Build” program of the National Government. 

The bank has also ramped up support for the micro, small and medium enterprise (MSME) sector with a P57-billion funding assistance for this critical sector anchored on two recently launched  initiatives --  the DBP Small Business Puhunan Loan Program and the Broiler Contract Growing Program.  

“In 2017, DBP was named SME Bank of the Year in the prestigious The Asian Banker - Philippine Country Awards 2017 for the significant growth of its SME lending business and for creating value to its customers,” Borromeo said.

“These new programs serve as our tangible response to calls for a more liberalized credit access to small borrowers owners and poultry growers,” she added.

Borromeo said DBP has increased funding support for projects that enhanced the delivery of social services in the country, such as hospitals and medical institutions.  

Last year, the bank helped build 120 hospitals, through its P25.6-billion funding assistance to the social services sector while financing 15 hospital projects in Davao del Sur, 11 in South Cotabato, and five in Zamboanga del Sur. 

“We also supported the construction of 2,486 schools and 12,831 classrooms through our assistance in school building projects,” Borromeo said.

DBP has also allocated P21.87-billion in loans to environment-related projects such as water sewerage and management projects, and power generation projects. 

Aside from aggressively targeting new depositors, DBP revealed it will also expand its branch network with the opening of 10 new branches in La Trinidad, Benguet; Alaminos, Pangasinan; Gapan, Nueva Ecija; Angeles City, Pampanga; Dolores, Eastern Samar; Lapu-Lapu City, Cebu; Oroquieta, Misamis Occidental; Panabo, Davao del Norte; Buhangin, Davao City; and Matina, Davao City.

The bank will also open eight new extension offices this year in Tumauini, Isabela; San Jose del Monte, Bulacan; Tayabas, Quezon; Placer, Masbate; Naga City, Cebu; Municipality of Siaton; Banga, South Cotabato; and M’lang Municipality, South Cotabato.

Borromeo said DBP is also set to install 200 more ATMs in key areas nationwide to enhance its services to underserved communities and in line with the objective of promoting financial inclusivity in the countryside. “These new ATMs would bring the total number of DBP ATMs to 648 by the end of 2018,” she said. 

Borromeo said DBP is determined to meet new and greater challenges in 2018 and establish its imprint as a dynamic, responsive and solid development institution.  

“DBP will firmly work to accomplish its set directions for 2018, maximize the potentials of its human resources, andseize every opportunity for growth and progress,” she said. 

 
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