The Development Bank of the Philippines (DBP) is working towards inclusive growth. From its lending facilities such as the DBP PASADA to deposit products that aim to assist more Filipino families to become financially-inclusive, DBP has the initiatives to support the National Government’s goal of promoting country-wide progress. Cover photo shows an artist’s interpretation of how small deposits can play a pivotal role in driving DBP’s inclusive growth efforts.
Things are looking up for DBP. Fresh from a strong financial showing in 2018, DBP is committed to continue supporting strategic sectors of the economy, delivering topnotch banking services to its customers, and assisting the National Government in achieving its inclusive growth agenda.
The Development Bank of the Philippines’ new tagline, “We Build Possibilities” underlines its commitment to support programs and initiatives that bring about opportunities for growth for the key sectors it serves through its various lending and deposit products and services.
The Development Bank of the Philippines believes that in order to truly build the nation, there is a need to develop and support infrastructure initiatives on a countrywide scale — with a reach that is far and wide, from key urban cities to the countryside.This issue showcases DBP’s various infrastructure and logistics projects highlighted by the new Terminal 2 of the Mactan-Cebu International Airport (MCIA), one of the bank’s biggest and most notable projects to date. The MCIA is a globally competitive airport that positions Cebu as the country’s premiere gateway to the world.
The value of a gem is judged according to its strength and brilliance. Like a diamond with a sheen that is matched by its hardness, DBP, with its legacy of resilience, stability and relevance, is truly a prime jewel in the National Government’s development efforts over the last seven decades.
With 300,000 square kilometers of land – mostly waiting to be tapped for business and economic activities, and with more than 100-million in population – a great number converging in already very crowded places, the Philippines takes on the challenge of addressing congestion and spreading inclusive growth. Recognizing the urgent need to undertake more decisive and concrete action, the government refocuses its priorities towards further harnessing the vast economic potential of the country. And it all comes down to infrastructure development as a requisite for businesses to thrive and grow, to stimulate economic activities, and to be able to provide livelihood to more and more Filipinos across the nation. As the country enters into a new wave of advancement towards inclusive growth, a golden age of infrastructure has dawned. DBP’s development mandate has been sharpened and made more relevant. The time has come to BUILD! BUILD! BUILD!
More than reporting the Bank’s financial performance for the year, our 2015 Annual Report aims to chronicle the story behind the numbers. Our DBP bankers and their customers create not just the financial results but the projects that serve as engine of growth, catalyst for progress. Not just a snapshot of a year, but a continuing history of our Bank’s role in the prosperity and the rise in living standards of our people due to our financing of the key sectors of the Philippine economy.
Staying true to its mandate of bringing progress to the nation, the Development Bank of the Philippines (DBP) is steadfast in spearheading projects that aid in our country’s growth. On this cover, progress is reflected on the solar panels, conveying an imagery of DBP’s continuing pursuit of finding innovative ways of uplifting the life of every Filipino. The solar panels reflect some of DBP’s development projects — a school building to show the Bank’s unwavering efforts in the field of education, a progressive cityscape and ultimately, a Filipino family enjoying the fruits of progress.
By embracing change and creativity, DBP is raising the bar with innovative plans and strategies that are poised to enhance the Filipino people’s quality of life. In this day and age, the digital tablet has become the device du jour and a symbol of 21st century technology. The Bank helps in improving Filipinos’ technological access that is vital in making our nation more connected with the rest of the changing world. Featured on the cover is the DBP tablet showing the four icons of infrastructure, environment, social services and MSMEs – the key thrusts that the Bank has committed to bring about rapid and modern development to every corner of the country.
Measures of Progress: Beyond Numbers, Beyond Banking is the sixth Sustainable Development Report (SDR) of the Development Bank of the Philippines. We started voluntarily publishing our annual SDR in addition to our regular annual report since 2008. In 2012 we reported a stand-alone SDR using the GRI G3.1 Guidelines. Since then, GRI has developed the G4 Guidelines to be widely applicable to all organizations over the world, regardless of type, sector or size—and here we are adapting the same.
The DBP has broken new grounds to progress by instilling the principles of good governance in development financing. The Bank has also consistently performed the two-fold role of profitable institution and development catalyst. DBP paved the way for driving sustainable growth. Indeed, DBP strives to serve as proof that striking a balance between the pursuit of development and profitability is key to sustaining progress.
In line with our commitment to transparency and accountability, the Development Bank of the Philippines (DBP) presents its fifth Sustainable Development Report, The Colors of Development. We prepared this in compliance with the Global Reporting Initiative (GRI) G3.1 Guidelines to present a clear, accurate, and balanced view of our sustainability performance in 2012. Our GRI Application is self-declared at Level B. The GRI sustainability framework covers all aspects of sustainable development evolved by the leader among corporate sustainability reporting systems in the world.