Advisory BSP Memorandum No. M-2020-074. Read here.

DBP extends financial assistance to Taal-hit areas

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State-owned Development Bank of the Philippines (DBP) donated a total of P3,000,000.00 to Taal-hit areas in the Provinces of Batangas and Cavite as part of its continuing support in the disaster-relief and rehabilitation efforts of displaced communities and families in the two provinces that were severely affected by the Taal Volcano eruption.

DBP officials led by Executive Vice President Jose Gabino L. Dimayuga (second from right) and Senior Vice President Abelardo L. Monarquia (third from right) turned over the check donation amounting to P2,000,000.00 and P1,000,000.00 to Batangas Governor Hermilando I. Mandanas (third from left) and Cavite Vice Governor Jolo M. Revilla III (inset), respectively. Also in photo are DBP Assistant Vice Presidents (from left) Maria Luisa C. Grimaldo, Violeta A. Dela Torre, and Jose Maria E. Peteza.

Based on estimates of the National Disaster Risk Reduction and Management Council (NDRRMC), 584,236 people have been affected by the volcanic eruptions in the CALABARZON Region. On the other hand, agricultural and infrastructure damages was placed at over P3.4-billion as of the latest NDRRMC report. Both provinces were declared under a state of calamity due to the extent of damages and casualties suffered from Taal Volcano’s unrest.

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