Development Bank of the Philippines (DBP) of the Philippines: review, and exchange rates 2023

The Development Bank of the Philippines (DBP) is a state-owned financial institution in the Philippines. With a rich history spanning over seven decades, DBP has played a crucial role in fostering the country’s economic development. In this review, we will delve into the bank’s history, credits and services, products, structure, currency exchange rates, customer support, and other key aspects.

History of DBP

The DBP was established on August 8, 1947, under Republic Act No. 85. Initially known as the Rehabilitation Finance Corporation, its primary purpose was to provide financial assistance for post-war reconstruction efforts. Over time, the bank expanded its scope and transformed into the Development Bank of the Philippines in 1963. Today, DBP continues to support the economic growth and development of the Philippines through its various programs and initiatives.

Credits and Services DBP Bank

DBP offers a wide range of credits and services tailored to meet the diverse needs of individuals, businesses, and institutions. The bank’s comprehensive credit programs aim to support economic growth and development across various sectors. Let’s explore some of the key credits and services provided by DBP.

Agriculture Credits

DBP recognizes the vital role of agriculture in the Philippine economy and provides credit facilities specifically designed for farmers, fisherfolk, and agri-businesses. These credits support agricultural production, processing, and marketing activities. Farmers can access loans for crop production, livestock, poultry, fisheries, and farm equipment. Agri-businesses can avail themselves of financing for agricultural value-chain development, food processing, and modernization initiatives.

Infrastructure Financing

DBP is actively involved in financing infrastructure projects in the Philippines, including roads, bridges, airports, seaports, power plants, water supply systems, and public utilities. The bank’s infrastructure loans cater to government agencies, local government units (LGUs), and private entities involved in infrastructure development. DBP’s extensive experience in project financing ensures efficient and timely funding for infrastructure initiatives across the country.

Tourism Development Loans

Recognizing the potential of the tourism sector to drive economic growth and create employment opportunities, DBP provides financing for tourism-related projects. This includes funding for the construction, expansion, or renovation of hotels, resorts, convention centers, eco-tourism facilities, and tourist transport services. DBP’s tourism development loans aim to enhance the competitiveness and attractiveness of the Philippines as a tourist destination.

Housing Loans

DBP is actively involved in supporting the government’s efforts to address the housing needs of Filipinos. The bank offers housing loans for low-income families, socialized housing developers, and private housing developers. DBP’s housing loan programs provide financing for land acquisition, site development, construction, and home purchase. The bank collaborates with various government agencies and developers to ensure the availability of affordable housing options for Filipinos.

Small and Medium Enterprise (SME) Financing

DBP recognizes the critical role played by small and medium enterprises in driving economic growth and employment generation. The bank offers a range of credit programs specifically tailored to meet the financing needs of SMEs. These programs provide working capital financing, equipment loans, and credit lines for business expansion. DBP’s SME financing initiatives aim to enhance the competitiveness and sustainability of small and medium-sized businesses in the Philippines.

Project Financing

DBP provides project financing solutions for large-scale infrastructure and development projects. The bank assesses the viability and potential of these projects and offers long-term funding to support their implementation. DBP’s project financing involves extensive due diligence and evaluation to ensure the financial viability and sustainability of the projects. The bank collaborates with project sponsors, government agencies, and other stakeholders to structure financing packages that meet the project’s specific requirements.

Investment Banking Services

DBP offers investment banking services, including underwriting and financial advisory services, to support capital market activities. The bank assists companies in accessing the capital markets by facilitating initial public offerings (IPOs), bond issuances, and other securities transactions. DBP’s investment banking expertise helps companies raise capital, expand their investor base, and enhance their financial performance.

DBP’s credits and services are subject to specific terms and conditions, including credit evaluation, collateral requirements, interest rates, and repayment terms. The bank’s experienced credit officers conduct thorough assessments to determine the eligibility and creditworthiness of borrowers. The terms and amounts of credits are customized to meet the specific requirements of each borrower, ensuring a flexible and tailored approach to financing.

Here is a general overview of the credits and services provided by DBP:

Credits and ServicesDescription
Agriculture CreditsLoans for farmers, fisherfolk, and agri-businesses to support agricultural production and modernization.
Infrastructure FinancingFunding for infrastructure projects, including roads, bridges, airports, and power plants.
Tourism Development LoansFinancing for tourism-related projects such as hotels, resorts, convention centers, and eco-tourism.
Housing LoansHousing financing for low-income families and housing developers to promote affordable housing options.
SME FinancingCredit programs tailored for small and medium-sized enterprises, providing working capital and expansion loans.
Project FinancingLong-term funding solutions for large-scale infrastructure and development projects.
Investment Banking ServicesUnderwriting and financial advisory services to support capital market activities.

The specific terms and conditions for each credit program are determined based on factors such as creditworthiness, collateral, and repayment capacity, ensuring a fair and customized approach to financing.

DBP Exchange Rate

🇵🇭 PHP
Currency Buy Sell
🇺🇸 USD 58.2 58.8
🇪🇺 EUR 61.476 64.6291
🇬🇧 GBP 72.2771 75.9843
🇯🇵 JPY 0.3628 0.3814
🇦🇺 AUD 38.3417 39.5724

Products Offered

In addition to its credit services, DBP offers a comprehensive suite of banking products to cater to its customers’ financial needs. These products are designed to support the growth, financial stability, and convenience of individuals, businesses, and institutions. Let’s explore some of the key products offered by DBP:

Savings and Deposit Accounts

DBP provides a range of savings and deposit accounts to help individuals and businesses manage their finances. These accounts offer competitive interest rates, flexibility in terms of withdrawal and deposit options, and the convenience of online banking services. Customers can choose from various types of savings accounts, including regular savings accounts, time deposit accounts, and high-yield savings accounts.

Foreign Currency Accounts

DBP offers foreign currency accounts, allowing customers to hold and transact in major currencies such as US dollars, euros, Japanese yen, British pounds, and more. These accounts are beneficial for individuals and businesses engaged in international transactions, as they provide a convenient way to manage foreign currency holdings and mitigate exchange rate risks.

Foreign Remittances

DBP facilitates foreign remittances, enabling individuals and businesses to send and receive funds internationally. Through partnerships with international remittance providers, DBP offers secure and efficient channels for remittance transactions. Customers can conveniently receive remittances from abroad, supporting the needs of overseas Filipino workers and their families.

Treasury Services

DBP provides treasury services to cater to the investment and cash management needs of businesses and institutions. These services include the buying and selling of government securities, corporate bonds, and other financial instruments. DBP’s treasury services help customers optimize their investment portfolios and manage their liquidity efficiently.

Export Finance

DBP offers specialized financial products and services to support export-oriented businesses. Export finance solutions include pre-export financing, post-shipment financing, export bill purchase, and export credit insurance. These products enable exporters to access working capital, bridge cash flow gaps, and mitigate risks associated with international trade.

Supply Chain Financing

DBP provides supply chain financing solutions to facilitate smooth and efficient trade between buyers and suppliers. Through supply chain finance programs, DBP helps businesses optimize working capital, reduce financing costs, and strengthen relationships within their supply chains. This allows businesses to benefit from extended payment terms while ensuring liquidity for suppliers.

Leasing Services

DBP offers leasing services for various assets, including equipment, vehicles, and machinery. Leasing provides businesses with the flexibility to acquire essential assets without significant upfront costs. DBP’s leasing solutions are designed to meet the specific needs of businesses across different industries, supporting their growth and operational efficiency.

DBP’s products are designed to provide customers with convenient and efficient financial solutions. The bank continues to innovate and expand its product offerings to address evolving customer needs and market trends, ensuring that customers have access to a comprehensive range of banking products that meet their financial goals and aspirations.

DBP’s Organizational Structure

DBP operates with a well-defined organizational structure to ensure efficient delivery of its services. The bank is led by a Board of Directors, composed of government and private sector representatives. The Board is responsible for setting strategic directions and policies. Under the Board’s guidance, DBP is divided into various departments and divisions, each with specific functions and responsibilities. This organizational structure enables DBP to effectively manage its operations and serve its customers.

DBP Exchange Rate History and Chart

Currency Exchange Rates

DBP provides currency exchange services for individuals and businesses engaged in foreign currency transactions. The bank offers competitive rates for buying and selling major currencies, including the US dollar, euro, Japanese yen, British pound, and others. The currency exchange rates offered by DBP are subject to market fluctuations and may vary based on prevailing economic conditions.

Customer Support and Assistance

DBP is committed to delivering excellent customer service and support. The bank has a dedicated customer assistance program to address customer queries, concerns, and complaints. Customers can reach out to DBP through various channels, including phone, email, and in-person visits to branch offices. Additionally, DBP’s website provides a wealth of information, including FAQs and online forms, to assist customers in accessing the bank’s services.

Banking Conditions and Terms

DBP operates within the regulatory framework set by the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines. The bank follows the rules and regulations set by the BSP to ensure the safety and stability of its operations. The specific terms and conditions for DBP’s credits, loans, and banking products are determined on a case-by-case basis, taking into account factors such as creditworthiness, collateral, and repayment capacity.


The Development Bank of the Philippines (DBP) has a storied history of contributing to the economic development of the Philippines. Through its diverse range of credits and services, the bank supports various sectors and plays a pivotal role in advancing infrastructure, agriculture, tourism, and SMEs. With a robust organizational structure, competitive currency exchange rates, and a commitment to customer support, DBP continues to be a leading financial institution in the country.

In conclusion, DBP’s long-standing commitment to fostering economic growth, coupled with its comprehensive range of credits, services, and products, positions it as a reliable partner for individuals, businesses, and institutions seeking financial solutions in the Philippines.


1 USD to PHP = 58.5 Philippine pesos
58.2 PHP

General Information

Full name Development Bank of the Philippines
Short name DBP
Bank logo
Established 1947

Contact Details

Official website
Address Sen. Gil J. Puyat Avenue corner Makati Avenue, Makati City, Philippines
Hotline (632) 8818 9511
Domestic toll-free 1 800 10 327 8888