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

DBP is first bank to open in Municipality of Alegria, Cebu Province

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The Development Bank of the Philippines (DBP) recently opened a branch lite unit (BLU) in the Municipality of Alegria, Province of Cebu, to become the first commercial bank in the area.  Alegria is a 4th class municipality located approximately 116 kilometers south of the provincial capitol, Cebu City. It has an estimated population of 25,000 residents and is home to the first onshore oil field in the country. The DBP Alegria BLU offers a variety of core banking services including loans marketing, deposit and loan applications acceptance.

Shown in the photo during the opening were Alegria Municipal Mayor Verna V. Magallon (third from left) and DBP Senior Vice President Fernando G. Lagahit (right). Joining them were (from left):  Alegria Municipal Treasurer Niza A. Cuevas; Alegria Vice Mayor Gilberto F. Magallon, and DBP Manager Christ E. Valdehueza.

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