[ad_1]
The state-owned Development Bank of the Philippines (DBP) was cited by a renowned international multimedia firm for its bond issue last year, which aimed to raise funds to finance projects on the environment and financial inclusion, he said. a high official.
The president and executive director of DBP, Emmanuel Herbosa, said that the first issue of the Asean bank of sustainability bonds, which amounts to 18,125 billion pesos, won as Best Sustainability Bond – Financial Institution in The Asset Country awards Awards 2020 presented by Hong Kong-based financial publication The Asset. .
“We are proud and honored by this achievement as it recognizes DBP’s role as a catalyst for inclusive development,” Herbosa said.
DBP is the seventh largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy: infrastructure and logistics; micro, small and medium enterprises; environment; social services and community development.
[ad_2]
