State-owned Development Bank of the Philippines (DBP) earned the “Best Syndicated Loan Deal of the Year 2024” award from Alpha Southeast Asia for its role in upgrading the country’s primary international gateway, officials announced.
DBP President and CEO Michael O. de Jesus said the recognition came through the bank’s PHP2.53 billion contribution to the PHP52-billion syndicated senior project finance term loan facility for the Ninoy Aquino International Airport (NAIA) Public-Private Partnership Project, awarded to San Miguel-led New NAIA Infra Corp.
“DBP’s active involvement in this critical infrastructure project mirrors its efforts to help promote an accessible, efficient, and seamless airway transportation service for the benefit of the public and as aligned with President Marcos, Jr.’s infrastructure development plan,” de Jesus said.
The award comes from Alpha Southeast Asia’s 18th Annual Best Deal and Solution Awards 2024. The publication serves as a platform for financial institutions across Southeast Asia to highlight their services and enhance their public image. Its 2024 awards evaluated the credentials, performance, and growth of top financial institutions in the region.
DBP’s contribution financed capital expenditures for NAIA’s rehabilitation and related transaction costs.
“This award is also in recognition of the positive impact that both the public and private sectors play in addressing the infrastructure financing gap and helping sustain the economic growth of the country,” de Jesus added.
DBP ranks as the tenth largest bank in the Philippines by assets and provides credit support to four priority sectors: infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development.
