June 25, 2018, 11:23 pm
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1 Philippine Peso = 0.06901 UAE Dirham
1 Philippine Peso = 2.02912 Albanian Lek
1 Philippine Peso = 0.03401 Neth Antilles Guilder
1 Philippine Peso = 0.5072 Argentine Peso
1 Philippine Peso = 0.02524 Australian Dollar
1 Philippine Peso = 0.03345 Aruba Florin
1 Philippine Peso = 0.03758 Barbados Dollar
1 Philippine Peso = 1.57159 Bangladesh Taka
1 Philippine Peso = 0.03155 Bulgarian Lev
1 Philippine Peso = 0.00712 Bahraini Dinar
1 Philippine Peso = 32.90079 Burundi Franc
1 Philippine Peso = 0.01879 Bermuda Dollar
1 Philippine Peso = 0.02526 Brunei Dollar
1 Philippine Peso = 0.1289 Bolivian Boliviano
1 Philippine Peso = 0.07111 Brazilian Real
1 Philippine Peso = 0.01879 Bahamian Dollar
1 Philippine Peso = 1.28053 Bhutan Ngultrum
1 Philippine Peso = 0.19402 Botswana Pula
1 Philippine Peso = 376.17437 Belarus Ruble
1 Philippine Peso = 0.03754 Belize Dollar
1 Philippine Peso = 0.02493 Canadian Dollar
1 Philippine Peso = 0.01856 Swiss Franc
1 Philippine Peso = 11.99061 Chilean Peso
1 Philippine Peso = 0.12218 Chinese Yuan
1 Philippine Peso = 54.75385 Colombian Peso
1 Philippine Peso = 10.57591 Costa Rica Colon
1 Philippine Peso = 0.01879 Cuban Peso
1 Philippine Peso = 1.77772 Cape Verde Escudo
1 Philippine Peso = 0.41526 Czech Koruna
1 Philippine Peso = 3.33615 Djibouti Franc
1 Philippine Peso = 0.12016 Danish Krone
1 Philippine Peso = 0.92728 Dominican Peso
1 Philippine Peso = 2.1963 Algerian Dinar
1 Philippine Peso = 0.25225 Estonian Kroon
1 Philippine Peso = 0.33484 Egyptian Pound
1 Philippine Peso = 0.51146 Ethiopian Birr
1 Philippine Peso = 0.01612 Euro
1 Philippine Peso = 0.03918 Fiji Dollar
1 Philippine Peso = 0.01416 Falkland Islands Pound
1 Philippine Peso = 0.01417 British Pound
1 Philippine Peso = 0.08979 Ghanaian Cedi
1 Philippine Peso = 0.87956 Gambian Dalasi
1 Philippine Peso = 169.07178 Guinea Franc
1 Philippine Peso = 0.14072 Guatemala Quetzal
1 Philippine Peso = 3.87599 Guyana Dollar
1 Philippine Peso = 0.14741 Hong Kong Dollar
1 Philippine Peso = 0.44878 Honduras Lempira
1 Philippine Peso = 0.11882 Croatian Kuna
1 Philippine Peso = 1.24803 Haiti Gourde
1 Philippine Peso = 5.23224 Hungarian Forint
1 Philippine Peso = 264.43067 Indonesian Rupiah
1 Philippine Peso = 0.06764 Israeli Shekel
1 Philippine Peso = 1.27568 Indian Rupee
1 Philippine Peso = 22.24728 Iraqi Dinar
1 Philippine Peso = 798.38407 Iran Rial
1 Philippine Peso = 2.03119 Iceland Krona
1 Philippine Peso = 2.45509 Jamaican Dollar
1 Philippine Peso = 0.01333 Jordanian Dinar
1 Philippine Peso = 2.06417 Japanese Yen
1 Philippine Peso = 1.89121 Kenyan Shilling
1 Philippine Peso = 1.28183 Kyrgyzstan Som
1 Philippine Peso = 76.00526 Cambodia Riel
1 Philippine Peso = 7.92522 Comoros Franc
1 Philippine Peso = 16.91094 North Korean Won
1 Philippine Peso = 20.86622 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.01541 Cayman Islands Dollar
1 Philippine Peso = 6.38595 Kazakhstan Tenge
1 Philippine Peso = 158.00451 Lao Kip
1 Philippine Peso = 28.292 Lebanese Pound
1 Philippine Peso = 2.98572 Sri Lanka Rupee
1 Philippine Peso = 2.74709 Liberian Dollar
1 Philippine Peso = 0.25254 Lesotho Loti
1 Philippine Peso = 0.05728 Lithuanian Lita
1 Philippine Peso = 0.01166 Latvian Lat
1 Philippine Peso = 0.02548 Libyan Dinar
1 Philippine Peso = 0.1786 Moroccan Dirham
1 Philippine Peso = 0.3177 Moldovan Leu
1 Philippine Peso = 0.98891 Macedonian Denar
1 Philippine Peso = 25.98647 Myanmar Kyat
1 Philippine Peso = 45.97896 Mongolian Tugrik
1 Philippine Peso = 0.15183 Macau Pataca
1 Philippine Peso = 6.67042 Mauritania Ougulya
1 Philippine Peso = 0.65295 Mauritius Rupee
1 Philippine Peso = 0.29256 Maldives Rufiyaa
1 Philippine Peso = 13.4053 Malawi Kwacha
1 Philippine Peso = 0.37584 Mexican Peso
1 Philippine Peso = 0.07518 Malaysian Ringgit
1 Philippine Peso = 0.25239 Namibian Dollar
1 Philippine Peso = 6.72679 Nigerian Naira
1 Philippine Peso = 0.59207 Nicaragua Cordoba
1 Philippine Peso = 0.15205 Norwegian Krone
1 Philippine Peso = 2.03401 Nepalese Rupee
1 Philippine Peso = 0.02719 New Zealand Dollar
1 Philippine Peso = 0.00723 Omani Rial
1 Philippine Peso = 0.01879 Panama Balboa
1 Philippine Peso = 0.06134 Peruvian Nuevo Sol
1 Philippine Peso = 0.0609 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28222 Pakistani Rupee
1 Philippine Peso = 0.06966 Polish Zloty
1 Philippine Peso = 106.55769 Paraguayan Guarani
1 Philippine Peso = 0.06839 Qatar Rial
1 Philippine Peso = 0.07509 Romanian New Leu
1 Philippine Peso = 1.18236 Russian Rouble
1 Philippine Peso = 15.96073 Rwanda Franc
1 Philippine Peso = 0.07046 Saudi Arabian Riyal
1 Philippine Peso = 0.1479 Solomon Islands Dollar
1 Philippine Peso = 0.25235 Seychelles Rupee
1 Philippine Peso = 0.33738 Sudanese Pound
1 Philippine Peso = 0.16635 Swedish Krona
1 Philippine Peso = 0.02551 Singapore Dollar
1 Philippine Peso = 0.01417 St Helena Pound
1 Philippine Peso = 0.41725 Slovak Koruna
1 Philippine Peso = 149.94363 Sierra Leone Leone
1 Philippine Peso = 10.72905 Somali Shilling
1 Philippine Peso = 394.98309 Sao Tome Dobra
1 Philippine Peso = 0.16441 El Salvador Colon
1 Philippine Peso = 9.67644 Syrian Pound
1 Philippine Peso = 0.25202 Swaziland Lilageni
1 Philippine Peso = 0.61856 Thai Baht
1 Philippine Peso = 0.04882 Tunisian Dinar
1 Philippine Peso = 0.04333 Tongan paʻanga
1 Philippine Peso = 0.08786 Turkish Lira
1 Philippine Peso = 0.12682 Trinidad Tobago Dollar
1 Philippine Peso = 0.56924 Taiwan Dollar
1 Philippine Peso = 42.63435 Tanzanian Shilling
1 Philippine Peso = 0.49267 Ukraine Hryvnia
1 Philippine Peso = 72.51597 Ugandan Shilling
1 Philippine Peso = 0.01879 United States Dollar
1 Philippine Peso = 0.59451 Uruguayan New Peso
1 Philippine Peso = 147.50094 Uzbekistan Sum
1 Philippine Peso = 1499.4363 Venezuelan Bolivar
1 Philippine Peso = 430.10147 Vietnam Dong
1 Philippine Peso = 2.07159 Vanuatu Vatu
1 Philippine Peso = 0.0488 Samoa Tala
1 Philippine Peso = 10.56614 CFA Franc (BEAC)
1 Philippine Peso = 0.05073 East Caribbean Dollar
1 Philippine Peso = 10.56614 CFA Franc (BCEAO)
1 Philippine Peso = 1.92165 Pacific Franc
1 Philippine Peso = 4.69466 Yemen Riyal
1 Philippine Peso = 0.25241 South African Rand
1 Philippine Peso = 97.51033 Zambian Kwacha
1 Philippine Peso = 6.80008 Zimbabwe dollar

DBP net up 21%

State-owned Development Bank of the Philippines (DBP) posted a net income of P5.1-billion in 2017 showing a 21.43 percent increase from the P4.2-billion recorded in 2016 spurred largely by a steady growth in its loan portfolio.

In a press briefing, DBP president and chief executive officer Cecilia Borromeo said the bank achieved significant milestones in 2017, adding that DBP’s overall financial performance reflects the positive sentiment of the market to the resiliency and robustness of the economy. 

“There are a lot of positive things going on in our institution. We are experiencingrobust growth in our financials.  Our development side is kicking into high gear.  We have tailored our programs to make us more relevant in the National Government’s scheme of things,” Borromeo said.

Borromeo said that DBP is eyeing to become a one trillion bank by 2022 when it celebrates its diamond jubilee anniversary through the expansion of its deposit base and aggressive lending activities. 

She said DBP is taking firm steps to improve its financial indicators such as portfolio quality, liquidity and capital ratios in order to be comparable with its counterparts in the ASEAN region. 

DBP will beef up its acquisition activities by aggressively targeting one million new depositors in the next five years, especially small depositors residing in underserved areas of the country.  

“This is an integral part of our advocacy to introduce more unbanked Filipinos into the financial mainstream,” Borromeo said. 

DBP’s gross loan portfolio last year stood at P293.47-billion, a 21.82 percent increase from the P240.9-billion recorded in 2016.  

Total assets expanded by 11.43 percent to P597.41-billion. Deposits also grew from P356.24-billion to P412.36-billion, with government deposits accounting for about 74 percent of this total amount. 

Borromeo reported that DBP lent a total of P76.23-billion to infrastructure and logistics projects, representing nearly 35 percent of its total loan portfolio amounting to P219.93-billion.  

“We are very excited to have been appointed to help usher in the ‘golden age for infrastructure’ in the country,” Borromeo said.  “We are intensely looking forward to helping bridge the country’s infrastructure gap, and to help fund ongoing and proposed major infrastructure projects, which are vital for sustaining high and inclusive growth,” Borromeo said.  

DBP has approved a total of P7-billion for 132 projects under its flagship Infrastructure Contractors Support (DBP ICONS) Program to address the funding gaps in infrastructure development in line with the “Build, Build, Build” program of the National Government. 

The bank has also ramped up support for the micro, small and medium enterprise (MSME) sector with a P57-billion funding assistance for this critical sector anchored on two recently launched  initiatives --  the DBP Small Business Puhunan Loan Program and the Broiler Contract Growing Program.  

“In 2017, DBP was named SME Bank of the Year in the prestigious The Asian Banker - Philippine Country Awards 2017 for the significant growth of its SME lending business and for creating value to its customers,” Borromeo said.

“These new programs serve as our tangible response to calls for a more liberalized credit access to small borrowers owners and poultry growers,” she added.

Borromeo said DBP has increased funding support for projects that enhanced the delivery of social services in the country, such as hospitals and medical institutions.  

Last year, the bank helped build 120 hospitals, through its P25.6-billion funding assistance to the social services sector while financing 15 hospital projects in Davao del Sur, 11 in South Cotabato, and five in Zamboanga del Sur. 

“We also supported the construction of 2,486 schools and 12,831 classrooms through our assistance in school building projects,” Borromeo said.

DBP has also allocated P21.87-billion in loans to environment-related projects such as water sewerage and management projects, and power generation projects. 

Aside from aggressively targeting new depositors, DBP revealed it will also expand its branch network with the opening of 10 new branches in La Trinidad, Benguet; Alaminos, Pangasinan; Gapan, Nueva Ecija; Angeles City, Pampanga; Dolores, Eastern Samar; Lapu-Lapu City, Cebu; Oroquieta, Misamis Occidental; Panabo, Davao del Norte; Buhangin, Davao City; and Matina, Davao City.

The bank will also open eight new extension offices this year in Tumauini, Isabela; San Jose del Monte, Bulacan; Tayabas, Quezon; Placer, Masbate; Naga City, Cebu; Municipality of Siaton; Banga, South Cotabato; and M’lang Municipality, South Cotabato.

Borromeo said DBP is also set to install 200 more ATMs in key areas nationwide to enhance its services to underserved communities and in line with the objective of promoting financial inclusivity in the countryside. “These new ATMs would bring the total number of DBP ATMs to 648 by the end of 2018,” she said. 

Borromeo said DBP is determined to meet new and greater challenges in 2018 and establish its imprint as a dynamic, responsive and solid development institution.  

“DBP will firmly work to accomplish its set directions for 2018, maximize the potentials of its human resources, andseize every opportunity for growth and progress,” she said. 

 
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