DBP Eyes More Tie-Ups With Financial Firms to Push for Financial Inclusion

Source: Panay News

STATE-run Development Bank of the Philippines (DBP) will forge ahead with its financial inclusion initiatives this year by tapping financial technology companies (FinTech), non-bank financial institutions (NBFIs), as well as rural banks while optimizing available information technology (IT) applications to improve service delivery to its customers, a top official said.

DBP President and Chief Executive Officer Emmanuel G. Herbosa said the bank will harness synergies from existing partnerships with NBFIs and FinTech companies in providing essential banking services while re-assessing plans for further branch expansion in the mid-term.

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