The newly installed president of DBP intends to broaden the government financial institution’s role in infrastructure financing, vowing to help strengthen this key economic sector to sustain the country’s growth momentum. | AldenMonzonINQ /PDI
In a statement to the Inquirer, the DBP said that its financing support to the infrastructure and logistics sector had reached P297.1 billion as of the end of December.
DBP’s third-quarter report last year indicated that more than half of its loan portfolio had gone to the infrastructure and logistics sector, with the bulk of the projects situated in the National Capital Region, Central Visayas, Central Luzon, Calabarzon, Eastern Visayas and Davao. De Jesus retired as executive vice president and head of corporate banking group at Rizal Commercial Banking Corp. in mid-2019.
He holds a Bachelor of Arts degree in Economics from Union College in New York and a Masters in Business Administration from Wharton School, University of Pennsylvania. The infrastructure sector will boom under the Marcos administration, with the government setting aside nearly P1.2 trillion for infrastructure programs this year, said Joseph Ang, founding chair of Worldbex Services International, the company that organizes the annual Philippine World Building and Construction Exposition. INQSubscribe to our daily newsletter
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