The Development Bank of the Philippines (DBP) has urged people to avail the calamity and scholarship programs that they offer.
During a forum last Wednesday, executives of the state-run bank presented their new programs, the DBP Rehabilitation Support Program on Severe Events (RESPONSE) and the DBP Resources for Inclusive and Sustainable Education (RISE).
“We are a country that is vulnerable in terms of disasters,” said DBP Senior Vice President Paul Lazaro. “Because of these disasters, we are your partner in rebuilding and we will provide assistance in rehabilitation and expansion.”
With this, the DBP RESPONSE program aims to help calamity victims and the government during its recovery. Government from places that are in a state of calamity can avail this program as long as the money received would be used for developmental projects only such as infrastructures and social services.
The DBP RISE, on the other hand, is a scholarship program for unprivileged high school graduates who want to pursue higher education. It aims to increase human capital by producing more people that are equipped with knowledge and skills.
This P500 million scholarship project provides endowment and student support to scholars.
In line with the government’s Build Build Build program, DBP will prioritize scholars who are taking Engineering, Real Estate, Accountancy, Education, Science, and Technical-Vocational courses related to construction.
At present, the DBP RISE has 719 scholars from 19 partner schools comprised with 11 state universities and eight private institutions.
DBP also encourages people to invest in the state-owned development bank.
DBP Senior Assistant Vice President Nelito Tingzon said that it is better to invest in DBP because it is safer, it has low credit risk, and it has high credit rating.