Recto set to assume DBP chair post under proposed new charter

Quick Summary:

Recto is set to assume the position of Chairperson of the Board under the proposed new charter of the Development Bank of the Philippines (DBP).

The DBP is the eighth largest bank in the country by assets and has been designated as the Infrastructure Bank by the National Government.

According to the DOF, the bill expands the DBP’s mandate, covering government programs that boost economic growth and increase productivity.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Secretary Charter Bank Government Development Finance Proposed National “the Board Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 11:41:17 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 26143222

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Year Established: 2005

Headquarters: Philippines

News Last Updated: 5 days ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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