In 1935, the National Loan and Investment Board (NLIB) was created to coordinate and manage various government trust funds such as the Postal Savings Fund and the Teacher's Retirement Fund. It also offers deposit and investment products and services, trade products and services, treasury products and services, transfer and remittance services, among others.Īs a GOCC (Government Operated and Controlled Corporation), DBP is required to declare and remit at least half of its annual net earnings to the National Government.ĭBP's history can be traced back to the Commonwealth Era. It focuses on four major areas of financing - infrastructure and logistics, social services, small and medium enterprises, and the environment.
It may also perform all other functions of a thrift bank. It is primarily tasked to provide banking services to cater to the needs of agricultural and industrial enterprises. Under its charter, DBP is classified as a development bank.
