State-owned Development Bank of the Philippines (DBP) has signed a memorandum of understanding with the Rural Bankers Association of the Philippines (RBAP) to develop and implement strategic growth initiatives towards countryside development, while servicing the banking needs of underserved communities. Through this partnership initiative, about 420 RBAP members shall be granted enhanced access to DBP’s digital banking services and credit programs as the bank implements its mission to reach more Filipinos in rural communities.
Present during the signing ceremony were (from left) DBP Executive Vice President Jose Gabino D. Dimayuga, RBAP President Elizabeth C. Timbol, DBP President and Chief Executive Officer Emmanuel G. Herbosa, RBAP Vice President for Luzon Gregory D. De Guzman, and DBP Executive Vice President Susan Z. Prado.