Republic of The Philippines Commission On Audit Corporate Government Sector Cluster 1 - Banking and Credit

Strong and Brilliant
Strong and Brilliant DBP Senior Officers Audited Financial DBP Subsidiaries DBP Products DBP Expanded
Customer Concern
Corporate Citizenship Statements and Services Network for Growth
REPUBLIC OF THE PHILIPPINES

COMMISSION ON AUDIT
Corporate Government Sector
Cluster 1 – Banking and Credit
INDEPENDENT AUDITOR’S REPORT
The Board of Directors

Development Bank of the Philippines
Makati City
Qualified Opinion
We have audited the consolidated financial statements of the Development Bank of the Philippines (DBP) and its subsidiaries (the
“Group”), which comprise the consolidated statements of financial position as at December 31, 2017 and 2016, and the consolidated
statements of profit or loss and other comprehensive income, consolidated statements of changes in equity and consolidated
statements of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of significant
accounting policies.
In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying
consolidated financial statements present fairly, in all material respects, the financial position of the Group as at December 31, 2017 and
2016, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with Philippine
Financial Reporting Standards (PFRS).
Basis for Qualified Opinion
The Bank’s government securities holdings classified as Available for Sale (AFS) with face amount of P29.081 billion were sold to one and
the same counterparty at a loss totaling P876.712 million in 2014. The same government securities were bought back by the Bank at the
same price and were booked under Held to Maturity. Such derecognition and reclassification are contrary to Philippine Accounting
Standard (PAS) 39 because the comparison of the present value of net cash flows before and after the sale showed no significant change.
Management did not implement previous years’ audit recommendation to reclassify the securities back to AFS. Had the government
securities been classified as AFS, the Bank’s assets, liabilities and equity accounts would have decreased by P2.102 billion, P0.232 billion
and P1.870 billion, respectively, as at December 31, 2017, and P0.406 billion, P0.080 billion and P0.327 billion, respectively, as at
December 31, 2016.
We conducted our audit in accordance with International Standards of Supreme Audit Institutions (ISSAI). Our responsibilities under
those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of
our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the Philippine Public Sector, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
Responsibilities of Management and Those Charged with Governance for the Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with PFRS,
and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that
are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management
either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Group’s financial reporting process.
2017 ANNUAL REPOR T 1

Report to The Start of Strong and DBP @ 70. Strong and A Legacy of Strong and
Stakeholders Brilliance Brilliant DBP Our Story to Tell Brilliant Strength and Brilliant People
Governance Brilliance
Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high
level of assurance, but is not a guarantee that an audit conducted in accordance with ISSAI will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with ISSAI, we exercise professional judgment and maintain professional skepticism throughout the
audit. We also:
· Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis
for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
· Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures
made by management.
·
· Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence
obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s
ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our
auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify
our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future
events or conditions may cause the Group to cease to continue as a going concern.
· Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and
whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
· Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the
Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and
performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit
and significant audit observations, including any significant deficiencies in internal control that we identify during our audit.
COMMISSION ON AUDIT
MARILYN C. BRIONES
Supervising Auditor
June 8, 2018
Strong and Brilliant Customer Concern Brilliant Corporate Citizenship

Strong and DBP Senior Officers
Audited Financial Statements and Services for Growth
DBP Products DBP Expanded Network
STATEMENT OF FINANCIAL POSITION

As at December 31, 2017 and
2016 (In thousand pesos)
Group Parent
As restated As restated
Note 2017 2016 2017 2016
Assets
Cash and other cash items 7 5,235,397 3,662,019 5,224,876 3,648,329

Due from Bangko Sentral ng Pilipinas 7, 8 75,288,023 79,748,450 75,078,137 79,572,375
Due from other banks 7 19,850,387 8,593,084 19,847,162 8,573,178
Interbank loans receivable 7,9 13,237,444 5,435,951 13,237,444 5,435,951
Securities purchased under agreement to resell 7,10 60,917,405 39,889,738 60,677,784 39,692,457
Financial assets at fair value through profit or loss 11 3,710,544 10,824,688 3,710,544 10,824,688
Financial assets available for sale - net 12,19 67,142,940 70,927,299 67,140,132 70,924,461
Financial assets held to maturity 13 87,794,170 79,207,936 87,775,676 79,191,080
Loans and receivables - net 14,19,32 245,812,412 226,381,299 243,771,223 224,199,850
Bank premises, furniture, fixtures and equipment - net 15 2,850,597 2,909,476 2,834,015 2,894,058
Investment property - net 16,19 1,153,098 1,367,868 1,153,098 1,367,868
Equity investment in subsidiaries - net 17,19 - - 1,664,898 1,667,991
Equity investment in associates and joint ventures - net 18 378,992 431,488 106,189 152,804
Non-current assets held for sale - net 19 197,274 137,946 197,274 137,946
Deferred tax assets 20 2,399,931 2,787,238 2,399,707 2,787,014
Intangible assets - net 21 465,784 424,347 463,321 422,443
Other assets - net 19,22 7,802,796 5,258,917 7,073,624 4,790,476
Total Assets 594,237,194 537,987,744 592,355,104 536,282,969
Liabilities and Equity
Liabilities
Deposits liabilities 23 412,676,037 356,419,509 412,363,755 356,242,441
Bills payable 24
Official Development Assistance (ODA) 54,260,535 54,176,054 54,260,535 54,176,054
Non-ODA 44,091,239 47,909,947 42,821,195 46,853,275
98,351,774 102,086,001 97,081,730 101,029,329
Bonds Payable 25 14,948,201 14,876,888 14,948,201 14,876,888

Due to Bangko Sentral ng Pilipinas/other banks 26 628 1,634 628 1,634
Manager’s checks and demand drafts outstanding 27 499,947 221,566 499,241 220,889
Accrued taxes, interests and expenses 28 4,636,771 4,490,948 4,555,970 4,380,839
Unsecured subordinated debt 29 9,995,686 9,990,837 9,995,686 9,990,837
Deferred credits and other liabilities 30 5,112,392 5,075,274 4,825,050 4,650,232
Total Liabilities 546,221,436 493,162,657 544,270,261 491,393,089
Equity
Capital Stock 31 17,500,000 17,500,000 17,500,000 17,500,000

Retained earnings 31,690,215 28,961,559 31,773,211 29,040,365
Retained earnings reserves 32 251,849 250,570 231,849 230,570
Accumulated other comprehensive income/(loss) 33 (1,425,626) (1,886,433) (1,420,217) (1,881,055)
48,016,438 44,825,696 48,084,843 44,889,880
Non-controlling interest (680) (609) - -
Total Equity 48,015,758 44,825,087 48,084,843 44,889,880
Total Liabilities and Equity 594,237,194 537,987,744 592,355,104 536,282,969
See accompanying Notes to Financial Statements

STATEMENT OF PROFIT OR LOSS

For the Years Ended December 31, 2017 and
2016 (In thousand pesos, except per share
amounts)
Group Parent
Restated
Restated
Note 2017 2016 2017 2016
Interest income
Loans and receivables P 13,018,717 P 11,844,548 P 13,006,373 P 11,830,839
Financial assets - debt securities 6,283,902 6,256,080 6,283,146 6,255,675
Deposits with banks 426,687 674,322 424,032 595,641
Interbank loans receivable/Securities purchased
under agreement to resell 650,222 471,253 641,973 469,122
20,379,528 19,246,203 20,355,524 19,151,277
Interest expense
Bills payable and other borrowings
ODA Borrowings 2,225,590 2,258,560 2,225,590 2,258,560
Other Borrowings 2,307,858 2,115,838 2,260,222 2,080,336
Deposits 2,848,873 3,323,358 2,948,186 3,324,180
7,382,321 7,697,756 7,433,998 7,663,076
Net interest income 12,997,207 11,548,447 12,921,526 11,488,201
Provision for impairment 19 505,315 778,026 497,059 757,511
Net interest income after provision for impairment 12,491,892 10,770,421 12,424,467 10,730,690
Other income
Profit/(loss) from investment and securities trading 174,430 506,448 174,430 506,448
Foreign exchange profit/(loss) 115,742 285,305 115,742 285,305
Service charges, fees and commissions 808,167 516,833 805,786 514,829
Dividends - equity investments 829,703 782,108 838,502 788,426
Miscellaneous 34 644,467 618,753 503,054 422,139
2,572,509 2,709,447 2,437,514 2,517,147
Other expenses
Compensation and fringe benefits 3,371,143 3,283,808 3,164,686 3,019,178
Taxes and licenses 36, 44 1,772,493 1,561,675 1,755,897 1,547,435
Occupancy expenses 146,305 134,141 133,739 124,396
Other operating expenses 35 2,854,509 2,720,203 2,915,325 2,828,007
8,144,450 7,699,827 7,969,647 7,519,016
Profit before tax 6,919,951 5,780,041 6,892,334 5,728,821

Provision for income tax 36 1,426,911 1,299,975 1,403,030 1,292,350
Profit for the year P 5,493,040 P 4,480,066 P 5,489,304 P 4,436,471
Attributable to:
Equity holder of DBP P 5,493,111 P 4,480,128
Non-controlling interest (71) (62)
P 5,493,040 P 4,480,066
Earnings per share for net income attributable to
the equity holder of DBP during the year P 31.39 P 25.60 P 31.37 P 25.35
See accompanying Notes to financial statements.
Strong and Brilliant DBP Senior Officers Audited Financial DBP Subsidiaries DBP Products DBP Expanded
Customer Concern
STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME
Group Parent
Restated
Restated
Note 2017 2016 2017 2016
Profit for the Year P 5,493,040 P 4,480,066 P 5,489,304 P 4,436,471
Other comprehensive income/(loss)
Items that may be reclassified subsequently to profit or loss:
Net unrealized gains on securities 33 460,807 (381,455) 460,838 (381,454)
460,807 (381,455) 460,838 (381,454)
Total Comprehensive Income for the Year P 5,953,847 P 4,098,611 P 5,950,142 P 4,055,017
Attributable to:
Equity holder of DBP 5,953,918 4,098,673
Non-controlling interest (71) (62)
P 5,953,847 P 4,098,611

STATEMENT OF CASH FLOWS

Group Parent
As restated As restated
Note 2017 2016 2017 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Interest income received 18,697,207 16,049,840 18,443,422 16,206,735
Interest expense paid (7,497,363) (7,549,101) (7,549,007) (7,514,393)
Bank commission, service charges and fees received 808,168 516,833 805,786 514,828
Profits from investment and securities trading 188,891 525,044 188,891 525,044
Dividend and other income/(loss) received/(paid) 1,124,889 1,681,044 992,275 1,490,749
General and administrative expenses paid (7,427,322) (6,739,273) (7,004,168) (6,612,484)
Changes in operating assets and liabilities:
(Increase) Decrease in operating assets:
Financial assets at fair value thru profit or loss 7,244,859 (10,514,842) 7,244,859 (10,514,842)
Loans and receivables (17,766,697) (24,779,954) (17,908,379) (24,109,212)
Non-current assets held for sale (81,040) (20,668) (81,040) (24,412)
Other assets 3,817,105 (4,734,739) 3,944,853 (4,844,374)
Increase (Decrease) in operating liabilities:
Deposit liabilities 52,452,462 30,368,500 52,317,248 30,478,133
Due to Bangko Sentral ng Pilipinas/other banks (954) 1,305 (1,006) 1,358
Manager’s checks and demand drafts outstanding (446,403) 84,172 (446,432) 84,171
Accrued taxes, interest and expenses 150,628 756,018 179,935 708,713
Deferred credits and other liabilities 59,421 (3,395,578) 318,802 (3,862,560)
Cash provided/(used) in operating activities 51,323,851 (7,751,399) 51,446,039 (7,472,546)
Income taxes paid (1,333,629) (1,065,723) (1,309,749) (1,058,099)
Payment for PERA/ADCOM allowance (231,505) - (231,505) -
Net cash provided/(used) in operating activities 49,758,717 (8,817,122) 49,904,785 (8,530,645)
CASH FLOWS FROM INVESTING ACTIVITIES

(Increase) Decrease in:
Financial assets available for sale (4,281,322) 14,587,747 (4,281,322) 14,589,347
Financial assets held to maturity 601,282 (5,459,743) 602,664 (5,459,958)
Equity investment in associates and joint ventures 2,787 (12,115) - -
Bank premises, furnitures, fixtures and equipment (251,062) (692,804) (247,415) (684,591)
Investment properties 195,948 433,733 195,948 433,732
Intangible assets (116,159) (166,544) (115,502) (165,662)
Net cash provided/(used) in investing activities (3,848,526) 8,690,274 (3,845,627) 8,712,868
CASH FLOWS FROM FINANCING ACTIVITIES

Increase (Decrease) in:
Borrowings (4,088,098) (1,279,262) (4,301,470) (1,472,365)
Cash dividends paid (2,524,273) (2,365,215) (2,516,158) (2,341,125)
Redemption of Tier 2 Capital - (5,650,000) (5,650,000)
National Government Capital Infusion - 5,000,000 5,000,000
Net cash provided/(used) in financing activities (6,612,371) (4,294,477) (6,817,628) (4,463,490)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH

AND CASH EQUIVALENTS (2,120,064) 361,687 (2,120,064) 361,687
NET INCREASE IN CASH AND CASH EQUIVALENTS 37,177,756 (4,059,638) 37,121,466 (3,919,580)
Cash and cash equivalents 7
Beginning of year 137,317,740 141,377,378 136,910,861 140,830,441
End of year 174,495,496 137,317,740 174,032,327 136,910,861

STATEMENT OF CHANGES IN CAPITAL FUNDS
2016 (In thousand pesos, except per share
amounts)
GROUP PARENT
Attributable to Equity holder of DBP
Accumulated Accumulated
Retained Other Retained Other
Capital Retained Earnings Comprehensive Non- Capital Retained Earnings Comprehensive
Stock Earnings Reserves Income/(Loss) Controlling Total Stock Earnings Reserves Income/(Loss) Total
(Note 32) (Note 33) (Note 32) (Note 33)
BALANCE AT DECEMBER 31, 2015 12,500,000 31,047,607 247,946 (5,978,389) (545) 37,816,619 12,500,000 31,145,981 227,946 (5,973,012) 37,900,915
Adjustments (750) (2) (752)
Restated Balance at December 31, 2015 12,500,000 31,046,857 247,946 (5,978,389) (547) 37,815,867 12,500,000 31,145,981 227,946 (5,973,012) 37,900,915
Comprehensive income
Net income 4,480,128 (62) 4,480,066 4,436,471 4,436,471
Other comprehensive income for the year (4,473,411) 4,091,956 (381,455) (4,473,411) 4,091,957 (381,454)
Total comprehensive income for the year - 6,717 - 4,091,956 (62) 4,098,611 - (36,940.00) - 4,091,957 4,055,017
Transaction with owner

Cash dividends - 2015 (P13.51 per share - Group) (2,364,265) (2,364,265) (2,341,125) (2,341,125)
(P13.38 per share - Parent)
Issuance of shares during the year 5,000,000 5,000,000 5,000,000 5,000,000
5,000,000 (2,364,265) - - - 2,635,735 5,000,000 (2,341,125) - - 2,658,875
Transfer to (from) Surplus Free
Trust reserve (2,624) 2,624 - (2,624) 2,624 0
Adjustments
Reversal of over-accrued trust income
as approved by COA (7,788) (7,788) (7,788) (7,788)
Set up of Deferred Tax Assets (DTA)
for 2014 and 2015 84,619 84,619 84,619 84,619
Equity Rental Payments (ERP) on MRTC shares 198,242 198,242 198,242 198,242
Other Adjustments (199) (199) -
- 274,874 - - - 274,874 - 275,073 - - 275,073
Comprehensive income
Net income 5,493,111 (71) 5,493,040 5,489,304 5,489,304
Other comprehensive income for the year 460,807 460,807 0 460,838 460,838
Total comprehensive income for the year - 5,493,111 - 460,807 (71) 5,953,847 0 5,489,304 0 460,838 5,950,142
Transaction with owner

Cash dividends - 2016 (P14.42 per share - Group) (2,524,272) (2,524,272) (2,516,158) (2,516,158)
(P14.38 per share - Parent)
Transfer to (from) Surplus Free
Trust reserve (1,279) 1,279 - (1,279) 1,279 0
Adjustments
Payment of PERA & Additional Compensation
covering CYs 2006 to 2016 (231,505) (231,505) (231,505) (231,505)
Reclassification of Semi-Expendable Items
per COA Circular 2016-006 (7,516) (7,516) (7,516) (7,516)
Other Adjustments 117 117 -
- (238,904) - - - (238,904) - (239,021) - - (239,021)
DBP
SUBSIDIARIES
DBP Data Center, Inc. (DCI) has supported DBP’s

 PNP Online Police Clearance (Cebu City) – Ongoing
Information Technology infrastructure for the past 35
Online Application as part of the PNP’s National Police
years. In 2017, DCI continued to focus primarily on
Clearance Project implemented in Q1 of 2017.
assisting the bank’s initiatives on various bank products by
 Professional Regulations Commission – Online
providing the workforce for the development and
Payment and Collection System related to
maintenance of DBP’s systems and applications. As of 31
Professional Licenses.
December 2017, DCI has a total of 99 employees
 Bangko Sentral ng Pilipinas – A project entailing
composed of 61 regular personnel and 38 contractual
supply, delivery, installation, configuration, testing and
staff.
implementation of a Human Resource Information
DCI seeks opportunities to increase revenues by
System.
expanding its customer base that include government
 Bureau of Treasury (BTr) – Consulting Services to
agencies and instrumentalities. Aligned with its strategic
enhance IT infrastructure and strengthen ICT capacity
plan for 2017-2020, DCI pursued an aggressive business
to address the BTr’s IT requirements and gaps.
plan to deliver high-quality services, build an excellent
team, and capture competitive market share in the GROSS REVENUES
industry.
DCI gross revenues of Php147.67-million as of
In 2017, DCI focused on projects for government 31 December 2017 was 35 percent lower than last year’s
agencies and instrumentalities such as: Php227.27-million and 42 percent under the budget of
Php252.85-million.
 Zamboanga Del Norte Medical Center – On-going five-
year project involving the design of a Hospital
EXPENSES
Information System (HIS)
DCI’s expenses of Php145.97-million as of
 Bureau of Customs – Completed as project on Cyber
31 December 2017 is Php63.70-million lower than the
Security package solution
2016 expenses of Php209.67-million and Php76.22-million
 Jose B. Lingad Memorial Regional Hospital – A five- lower than the budget of Php222.19-million.
year HIS BPO project
 Cooperative Development Authority – Software EARNINGS
development of the Cooperative Member Registry As of end 2017, DCI recorded Php1.73-million
System that will allow cooperatives to upload and
earnings before tax (EBT). This is 90 percent less than the
update information for and about members 31 December 2016 EBT of Php17.64-million and 94
 Philippine Economic Zone Authority (PEZA) – A system percent off the budget of Php30.72-million due to
development project enhancing PEZA’s existing Billing postponed success on Non-DBP projects and reduced
and Collection System, Electronic Application for income from DBP.
Registration System and Engineering Permit
Application Monitoring System.
Profit and Loss Summary (in million pesos)
Year-End 2017 Year-End

2017 2017 Year-End
VS
Year-End 2016 % VS %
December December Budget
2017 2016 Year-End 2017 Budget
Revenue 147.67 227.27 252.85 (79.60) (35) (105.18) (42)

OPEX:
Total Expense 145.97 209.67 222.19 63.70 30 76.22 34
Interest (Inc/Exp) 0.03 0.04 0.06 (0.01) (25) (0.03) (50)
EBT 1.73 17.64 30.72 (15.91) (90) (28.99) (94)
Prov for Tax 0.51 5.28 9.20 4.77 90 8.69 94
Net Earnings (loss) 1.22 12.36 21.52 (11.14) (90) (20.30) (94)
82 D B P. S T R O N G A N D B R I L L I A N T @ 7 0
Strong and Brilliant Strong and Brilliant DBP Senior Officers Audited Financial DBP Subsidiaries DBP Products DBP Expanded
Customer Concern Corporate Citizenship Statements and Services Network for Growth
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As of 31 December 2017, DBP-MC’s assets amounted
capital stock.
to Php71.39-million with net income for the year of
The Hong Kong office was closed in December 2014
Php1.046-million derived mainly from dividend on
following a shift in the Bank’s strategy and business model
investment and interest on time deposit.
for its remittance business. Final deregistration and
Having been classified by the Governance
subsequent dissolution of the DBP Remittance Center
Commission for GOCCs (GCG) as “Inactive” since April
Hong Kong Ltd. was made on 24 February 2017 based on a
2016, DBP-MC mainly functions as a support unit of DBP
notice issued by the Hong Kong Companies Registry.
as winding down activities continue.
Al-Amanah Islamic Investment Bank of the Philippines

Total gross earnings mainly came from Loans and
(AAIIBP) is a universal bank authorized to perform and
Financing and Investments/ODFs which made up 46 percent
provide Islamic banking, financing and investment
and 43 percent of the total earnings, respectively. Of the
services. It is the first and only Islamic bank in the
total income from Loans & Financing, Php1.74-million was
Philippines.
from Islamic Financing and Php10.6-million was from
conventional loans.
FINANCIAL PERFORMANCE
Fifty-three percent of expenses were related to
The bank maintained a positive gross margin of
personnel services while 46 percent was incurred for
Php26.42-million in 2017. The total operating expense for the
maintenance and other operating expenses. The remaining
calendar year was Php85.51 million, resulting in a cumulative
1 percent represented cost of funds.
net loss of Php59.09-million.
Actual Amount
as of Full Year Realization
Financial Performance (in million pesos) Target CY 2017 Variance Rate
Dec. 31, 2017
Income from Loans and Financing 12.34 20.71 (8.37) 59%
Income from Investments/ODFs 11.70 2.89 8.81 405%
Other Income 3.07 1.50 1.57 207%
Gross Earnings 27.11 25.10 2.01 108%
Cost of Funds 0.69 3.59 (2.9) 19%
Gross Margin 26.42 21.51 4.91 123%
Operating Expenses
Personal Services 45.97 60.74 (14.17) 76%
Maintenance and other Operating 39.54 63.55 (24.01) 62%
Total Operating Expenses 85.51 126.33 (40.82) 68%
Net Loss (59.09) (104.82) (45.73) 56%

Customer Concern Strong and Brilliant DBP Senior Officers Audited Financial DBP Subsidiaries DBP Products DBP Expanded
2017 ACTUAL VS. TARGETS
Composition of Loans and Financing as to different
classifications is shown below:
Income
The Bank projected total earnings of Php25.10-million
for CY 2017. This target was composed of Php20.71-million Credit Portfolio
Amount %
As of Dec. 31, 2017 (in million pesos)
income from loans and financing, Php2.89-million interest
income from investments and Php1.50-million from other By Type
Total 211.29 100.0%
sources. Conventional Loans 131.30 62.02%
The bank realized only 59%, or Php12.34-million, Islamic Financing 80.26 37.98%
of its targeted income from Loans and Financing that
amounted to Php20.71-million. Income from By Type of Borrower
Total 211.29 100.0%
Investments/ODFs and Other Non-Operating Income LGU/GOCCs 85.11 40.3%
exceeded the budget by Php8.81-million and Php1.57- MSMEs 96.63 45.7%
million, respectively. Actual gross earnings, amounting to Private Corporation 13.00 6.1%
Php27.11-million exceeded the budget of Php25.10-million Agrarian Reform/Agricultural 1.57 0.7%
Individuals 14.98 7.1%
by Php2.01-million, resulting to a realization rate of 108%.
By Type of Industry
Expenses Total 211.29 100.0%
Total operating expenses of Php85.51-million was Water Supply 58.90 27.9%
Public Administration and Defense 26.21 12.4%
below the annual budget of Php126.33-million due to cost- Real Estate Activities 13.40 6.3%
savings from the expected transfer of the bank’s Makati Construction 32.69 15.5%
Branch and trainings. Mining and Quarrying 8.67 4.1%
Manufacturing 7.60 3.6%
Wholesale and Retail Trade 36.76 17.4%
Net Loss
Agriculture 5.74 2.7%
The actual net loss of Php59.09-million is less than the Human Health and
Social Work Activities 3.23 1.5%
projected net loss of Php104.82-million, effecting a realization
Administrative, support & service 14.78 6.9%
rate of 56%. 3.31 1.6%
By Status
Actual Total 211.29 100.0%
Full Year
Financial Condition Amount Realization Current 206.56 97.8%
Projection Variance
(in million pesos) as of Dec. Rate
CY 2017 Past Due/Under ligitation 4.73 2.2%
31, 2017
Total Resources 734.20 627.10 107.10 117%
Total Liabilities 495.56 431.15 (64.41) 115%
Total Equity 238.64 195.95 42.69 122%
Loans and Financing, gross 211.29 Deposits

Deposit Liabilities 463.49 Al Amanah’s deposit level to date is Php463.48-million, or
an increase of Php158.86-million (mostly conventional
Resources deposits) from previous year’s Php304.62-million balance. A
Total resources stood at Php734.2-million, attaining total of Php396.38-million or 85.5 percent are conventional
deposits and the remaining Php67.1-million or 14.5 percent are
a realization rate of 117 percent of the projected amount.
Islamic deposits. Of the total amount, Php174.46-million or
In comparison to Php626.6 million as audited for 2016,
37.6 percent are government deposits while private deposits
there is an increase of Php107.1-million in total resources. amount to Php289.02-million, equivalent to 62.4 percent.
This is the positive effect of the DOF Department Circular
No. 01-2017 dated 11 May 2017 or the Amended MODIFIED SALARY SCHEDULE
Guidelines on Authorized Government Depository Banks. In 2017, Al Amanah adopted the Modified Salary
Schedule (MSS) under Executive Order No. 201, series
Loans and Financing 2016, pursuant to EO No. 36, series 2017, and its
The Bank expected to close the year 2017 with a Implementing Rules and Regulations. Before the release of
minimum outstanding loans and financing balance its 2017 financial statements on 13 March 2018, the Bank
of Php326.05-million. The bank realized 65% of the received a letter dated 31 January 2018 from the
expected outstanding loans and financing balance of Governance Commission for GOCCs authorizing the
Php211.64-million. The gross outstanding loan balance of adoption of MSS. Personal services as of 31 December
2017 was adjusted to include the differential pay.
Php211.64-million was 98 percent current accounts, while
the remainder represented past due loans and financing
restructured in May 2016.
DBP PRODUCTS AND SERVICES

c. Water for Every Resident (WATER) Program
CORPORATE BANKING Eligible Projects: Source development for distribution
1. Term Loans – Credit Transactions with a specific stipulated or for bulk water supply; water transmission and/
limit and maturity date of more than one year. It is or distribution system rehabilitation, expansion
not reusable, is liquidating in nature through a repayment and upgrading; development/installation of water
program and payable in full at maturity date. Financing may treatment facilities/equipment; Investment for Non-
either be bilateral or syndicated; may be in the form of Revenue Water reduction or other efficiency-
Bonds and Corporate Notes issuances. enhancing measures; purchase of necessary tools and
2. Short Termfor
to a client Loans/Credit Lines
use and reuse – Credit
up to facility limit
the specified available equipment; investment for climate change adaptation
technologies
unless amended, revised or revoked and has maturity of one (e.g. rain water collection system)
year or less. These are utilized to finance specific d. Infrastructure Contractor Support (ICONS) Program
components of a borrower’s working capital requirements. Eligible Projects: Social infrastructure (e.g.
Credit lines available are as follows: residential buildings from single-family dwellings
a. Revolving Promissory Note Line (RPNL) – a standby to high-rise buildings, non-residential buildings);
facility for working capital requirements. Drawdown transport infrastructure; water supply, wastewater,
against the line with a term up to one year and payable sanitation and other utility infrastructure;
upon maturity of Promissory Notes. The specific communications infrastructure; waste infrastructure;
purpose may include, among others, the following: power and energy infrastructure
• Receivable discounting e. Program Assistance to Support Alternative Driving
• Increase in account receivables Approaches (PASADA)
• Inventory build up Eligible Projects: Purchase of brand new PUVs that are
3. Letter of Credit / Trust Receipt – a facility for working capital compliant with the vehicle standards defined in the
against trade documents. Drawn in compliance with the OFG and in subsequent department orders and
letter of credit terms. memorandum circulars of DOTr and LTRFB; acquisition
4. Standby Letter – a special type of LC covered by BSP MORB and/or construction of support facilities (e.g. off-street
347 and International Trade Law ISP 98. Standby LC may garage/ terminal) and acquisition of equipment
either be of a guarantee or payment.
in the form necessary for the proper operations and maintenance
2. of the PUVs
5. Export Packing Credit Line – a loan given to the exporter for Environment
the purchase of raw materials or for the manufacture of a. Green Financing Program (GFP)
goods intended for sale. It is a pre-shipment financing Eligible Projects: Air pollution prevention and control;
facility where an exporter can borrow working capital for water pollution prevention and control; solid and
export productions, the term of the loan shall not exceed hazardous waste management; resource conservation,
the expiry of the date of the LC. resource efficiency and cleaner production; climate
6. Export Advance – payments/ remittances received before change adaptation and mitigation and disaster risk
shipping, including Prepayment and Red Clause advances. reduction; other environmental/green projects/initiatives
Bank draft/telegraphic transfer, buyer’s checks or acceptable 3. Social Services
foreign currency notes may be used in prepayment/export a. Residential Real Estate Financing Program (RREFP)
advance but for buyer’s checks, the same shall be cleared
before shipment. Eligible Projects: Land acquisition; site development
and shelter construction; housing microfinance;
7. Export LC Advising – advise the arrival of LC and release to project preparation
the exporter upon payment of bank fees without obligation b. Strategic Healthcare Investments for Enhanced Lending
on the part of the bank. and Development (SHIELD)
8. Back to Back Deals – Loans secured by placements or Eligible Projects: Development and construction of
deposits (1:1 loans). hospitals and other health care facilities; renovation/
9. Bill Purchased Line – Facility wherein the Bank purchases local expansion works for health care facilities; acquisition/
checks/ negotiable instruments for collection from other banks leasing of health care equipment; working capital
which are either encashed or credited to the customer’s requirements of health care institutions; refinancing
accounts. of existing eligible loans for the health sector;
purchase of hospital/clinic/health facility inventory
DEVELOPMENT BANKING c. DBP Educational Fund Program
1. Infrastructure and Logistics Eligible Projects: For LGUs & Public/Private Educational
a. Connecting Rural Urban Intermodal Systems Efficiently Institutions (EI) -- lot acquisition and infrastructure;
(CRUISE Program) purchase of lot and construction, repair or renovation
Eligible Projects: Road transport infrastructure and of classrooms, libraries, laboratories, restrooms,
services; water transport infrastructure and services; recreational areas, study areas, audio-visual rooms,
air transport infrastructure and services; rail transport and other school facilities/buildings; furniture and
infrastructure and services; urban mass transport equipment; purchase of furniture and equipment;
systems and non-motorized facilities; logistics supplies and materials. purchase of school supplies
infrastructure and services; tourism infrastructure and and materials (this component shall not be eligible
services; project-related information and as a stand-alone project); working capital; funding
communication technologies (ICT) requirements; requirements for operations or to implement school
project-related climate change adaptation/risk programs and activities; other projects such as funding
mitigation projects to award scholarships for teachers, local and
b. Financing Utilities for Sustainable Energy Development international education-related travels and other
Program (FUSED Program) development programs. For Onlending to Students–
Eligible Projects: Development of renewable energy Cost of tuition, board and lodging, books, uniform,
and conventional energy to address power supply school materials, review and licensure fees, travel
system constraint; power distribution and transmission documentation, travel fees, airfare, and other training
projects that will expand service connection and 4. fees
improve power safety, reliability, efficiency; purchase
supply system
of necessary equipment (hardware and software), projects; other projects deemed necessary to support the
service vehicles, tools, and other non-network electricity service provider’s operation
Micro, Small and Medium Enterprises MSE financing, except those undertaken for unlawful
a. Retail Lending for Micro and Small Enterprises purposes, or those which may pose a risk to health,
Eligible Projects: All types of projects of a national security and the environment
qualified MSE borrower shall be eligible for
Customer Concern Strong and Brilliant DBP Senior Officers Audited Financial DBP Subsidiaries DBP DBP Expanded
Corporate Citizenship Statements Products and Network for Growth
Services
b. DBP Credit Surety Fund Credit Facility

Eligible Projects: All types of projects except those d. Safekeeping Services
undertaken for unlawful purposes, or those which may e. Legislated and Quasi-judicial Trust
pose a risk to health, national security and the • Credit Surety Funds
environment. f. Personal Management Trust
c. Sustainable Agribusiness Financing Program (SAFP) g. Directors’ and Officers’ Liability Fund (DOLF)
Eligible Projects: All agri-business projects; poultry, h. Corporate Fiduciary Services
livestock, fishery including cattle/goat dairy production, • Mortgage/Collateral Trust Indenture
cattle breeding cum fattening, swine production, • Facility/Loan Agency
goat raising, fish production and harvest, processing • Public Trusteeship
to marketing of meat and other products/by-products, • Debt Service Reserve Account
and other food production; investment in bio-fuel • Special Purpose Vehicle Trust
feedstock projects such as production of coconut, • Transfer and Paying Agent
sugar, cassava, sweet sorghum, palm oil, etc., including • Depository and Reorganization*
post-harvest facilities, processing to marketing; i. Pre-need Accounts*
production of organic products or the whole value j. Life Insurance Trust*
chain; and manufacturing and distribution of farm k. Personal Pension Fund*
machinery, equipment and supplies l. Personal Retirement Fund*
d. Tree Plantation Financing Program (TPFP) m. Court Trust*
Eligible Projects: Furniture making and other wood- • Administratorship
based products from rattan, bamboo, timber trees and • Executorship
other forest species; bio-fuels from energy producing • Guardianship
plant and tree species; latex and rubber production; n. Property Administratorship
extraction and processing of essence from ilang-ilang
and similar trees; processing of leaves/other parts for *Available but not regularly offered
herbals, pesticides, pharmaceuticals and other
medicinal products; food/fruit processing; production CORPORATE FINANCE
of planting stocks/ nursery operations; development of 1. Capital Markets
project sites as eco-tourism destination; other related a. Issue Management
enterprises Tailored solutions to corporate and public sector
e. Overseas Filipino Workers Reintegration Program (OFW- clients who are looking at tapping the investing public
RP) Eligible Projects: All type of projects of a qualified and institutional investors to raise funds. DBP offers
OFW-RP borrower shall be eligible for financing, innovative financing structures that cater to the unique
except those undertaken for unlawful purposes, or requirement of issuers and investors alike, as well as
those which may pose risks to health, national security government regulators, to ensure a successful issuance
and the environment. on a timely and cost-effective manner.
f. Inclusive Lending for Aspiring Women (ILAW) b. Fixed-Income Underwriting
Entrepreneurs Program DBP capitalizes on its experience with various fund-
Eligible Projects: All types of projects except those raising activities in the credit evaluation of investment
undertaken for unlawful purposes, or those which may securities and loan arrangements to determine the
pose a risk to health, national security and the appropriate distribution channel to ensure the success
environment of the arrangement.
g. DBP Bankability Enhancement for SETUP c. Loan Syndication/Arrangement
Technopreneurs (DBP BEST) DBP lends its expertise in coming up with appropriate
Eligible Projects: All type of projects of micro, small and financing structures via syndicated loans, wherein
medium enterprises, with priority to those owned DBP manages the fund raising on behalf of the client
and/or managed by SETUP Technopreneurs and acts as the central point of contact to facilitate
h. Broiler Contract Growing Program (BCGP) information sharing among lenders and other parties
Eligible Projects: Farm development; farm acquisition; for more cost-and time-efficient fund-raising process.
farm expansion/rehabilitation 2. Investment Banking
i. SAFP-Dairy a. Structuring/Project Finance and Loan Syndication/
Eligible Projects: Breeding; stock acquisition; growing/ Arrangement
rearing; building and improvements; milking/ DBP assists in developing an appropriate financing
processing machinery, equipment, and tools for structure, particularly with a view of the financing
fabrication and maintenance; milk production and being a limited or non-recourse facility to the sponsors.
processing; milk distribution and dealerships; feed As arranger, DBP manages the process on behalf of the
production/ milling/mixing; farm facilities; purchase client and acts as the central point of contact to
order; working capital; forage production; loan facilitate information sharing among targeted lenders
refinancing; other dairy- related enterprises and other parties, such as counsel and technical
j. Medium Enterprises and Other Business Enterprise advisors, for more cost-and time-efficient fund-raising
(ME + OBE) Lending Program process.
Eligible Projects: All types of projects of a qualified SME b. Transaction and Financial Advisory Services
borrower shall be eligible for ME and OBE financing, DBP helps clients realize their strategic objectives by
except those undertaken for unlawful purposes, or providing advisory services for public-private
those which may pose a risk to health, national partnerships or joint ventures (either solicited or
security, and the environment unsolicited), privatizations, and for mergers and
acquisitions, among others. DBP can also provide tailor-
fit solutions required by clients.
TRUST BANKING
1. Unit Investment Trust Funds TRADE
1. PRODUCTS
Import
a. Unlad Kawani Money Market Fund
b. Unlad Panimula Multi-Class Fund
2. Trust and Other Fiduciary Services a. Import Letter of Credit (L/C)
a. Investment Management Account b. Foreign Standby LC
• Individual c.
d. Document AgainstAcceptance
Document Against Payment (D/P)
(D/A)
• Institutional
b. Employee Benefit e. Open Account (OA)/Telegraphic Transfer (T/T)
c. Escrow f. Direct Remittance (DR)
• BIR g. Advance Payment
• POEA – Manpower Agencies
• DENR
• Other Purposes
2. Export
a. Export LC Advising and Confirmation • Collection Services
b. Export LC Negotiation  PDC Warehousing
c. Export Bills Purchase (EBP)  Auto-Debit Arrangement
d. Outward Bills for Collection (OBC)  AR Reconciliation
e. Document Against Payment (D/P) • Accounts & Liquidity Management
f. Documents Against Acceptance (D/A)  Account Sweeping
 Reverse Account Sweeping
g. Open Accounts (OA)/ Telegraphic Transfer (T/T) • Disbursement Services
3. Domestic  Bills Payment
a. Domestic LC  Payroll
b. Domestic Standby LC  Auto Credit Arrangement
4. Other Trade Services  Manager’s Check
a. Shipside Bond /Bank Guarantee Issuance  Corporate Check Writing
b. Advanced Release / Airway Bill Endorsement • Electronic Invoice Presentment & Payment (EIPP)
c. Collection of Custom Duties (Import and Export) • Value-Added Services
5. Trade Credit Facilities  Loans Calculator
a. Trust Receipt Financing  Cash Flow Forecaster
b. Export Advance /Packing Credit Loan vs. LC 5. Fund Transfer
a. Manager’s Check
TREASURY b. Foreign Currency Denominated Bank Draft
1. Government Securities and Corporate Securities and c. Philippine Domestic Dollar Transfer System (PDDTS)
Dealership d. Society for Worldwide Interbank Financial
a.
b. Treasury Bills (Secondary
Fixed Rate Treasury NotesMarket)
(Secondary Market )
c. Retail Treasury Bonds (Secondary Market) Telecommunication (SWIFT)
d. Dollar Denominated Bonds (Peso and US e. Real Time Gross Settlement Domestic (RTGS)
Dollar) f. PESONet
e. Corporate Bonds (Peso
andand Dollar) 6. g. InstaPay
f. Capital Notes (Peso Dollar)
2. Outright FX Forward Remittance
3. Foreign Currency Exchange a. Credit to DBP Account
Dealership (minimum US$10,000.00) b. Bank to Bank Credit (Any bank in the Philippines)
c. Cash Pick-Up at authorized outlets
BRANCH BANKING d. Overseas Collection Arrangement for Government Agencies
1. Deposit e. Aussie Padala Online Remittance Service from Australia
a. Savings Account f. DBP Quick Cash Remittance
b. Current Account 7. Special/Other Services
c. Pensioners’ Account a. Bills Payment Acceptance for
d. Young Earners’ Savings Account • BIR
e. Wisdom Account (Peso and US Dollar) • SSS
f. Premier Payroll Account • PhilHealth
g. Zero
and Balance Account (for eGov, eFPS/EPS Payments • PLDT
Trust Banking Group Clients) • SMART
h. CICS-Check Warehousing b. Deposit Pick-up and Cash Delivery Service
i. EC Card Savings Account (for OFWs) c. Payroll Servicing
2. Term Deposit d. Servicing of Government’s Modified Disbursement
a. Option Savings Scheme (MDS)
b. Special Savings e. NCO collection for the Bureau of the Treasury
c. Regular Time Deposit (Peso and US Dollar) f. Central Posting of Internal Revenue Allotment (CePIRA)
d. Wisdom Time Deposit (Peso and US Dollar) g. Debit to One Credit to all Deposit Facility (DOCA)
e. High Earner Time Deposit (Peso and US Dollar) h. Credit to One Debit to All Deposit Facility (CODA)
f. Special Investor’s Resident Visa i. Remote Deposit Service on Checks (RDSC)
3. Salary Loans j. Foreign Currency Exchange Dealership (Non-Trade)
4. Electronic Banking
a. DBP ATM Visa Chip Card WHOLESALE BANKING (for Banks/non-banks including NGOs
b. DBP ATM ID Card (Multifunction) and Credit/Multi-Purpose Cooperatives)
c. DBP Gift Card 1. Revolving Credit Line for Relending to eligible sub-
d. DBP Prepaid Card (Reloadable) borrowers classified as:
e. Point-of-Sale for Merchants a. Micro, small, and medium enterprises (MSMEs)
f. Internet Payment Gateway for Merchants b. Public School Teachers (for livelihood projects)
g. Bills Payment Facility for Merchants c. Large domestic corporations
h. eGov (PhilHealth, SSS, Pag-IBIG) d. MFIs involved in wholesale lending and in
i. Electronic Payment System/eFPS-BIR accreditation of other qualified financial institutions
j. Bills Payment via DBP ATM and DBP ATM Visa Chip e. Cooperative members (for livelihood projects)
Card 2. Revolving Promissory Note Line (RPNL)
k. DBP Digital Banking Portal (DBP²) 3. Back-to-Bank Loans
• Standard Services 4. Domestic Bills Purchased Line
 Account Portfolio 5. Omnibus Line
 Transaction History 6. Participation / Purchase in Notes /Bonds
 Fund Transfer
 Statement of Account
• Special Services
 Outward Remittance
 Checkbook Reorder
 Stop Payment Order
DBP EXPANDED
NETWORK FOR GROWTH
BRANCH Mandaluyong Branch Quezon Avenue Branch Lal-lo Branch
NETWORK Jo-Cel Building, 29 San Roque St.

cor. Boni Avenue
G/F, RR7 BIR Bldg.
cor. Sct. Santiago St.
Brgy. Magapit, Lal-lo, Cagayan
Tel.: (078) 377-0947
Mandaluyong City and Quezon Ave., Quezon City Fax: (078) 377-0947
Tel.: (02) 576-6427 Tel.: (02) 371-2308 E-mail: lal-lo@dbp.ph
METRO MANILA GROUP (02) 576-6441 (02) 371-2397
DBP Bldg., Commonwealth Ave. Fax: (02) 576-6430 (02) 371-2396 Santiago Branch
Diliman, Quezon City (02) 576-6456 (02) 371-2398 Purok 7, National Highway
Tel.: (02) 920-4781 E-mail: mandaluyong@dbp.ph Fax: (02) 371-2395 Villasis, Santiago City
(02) 920-4715 E-mail: quezonave@dbp.ph Tel.: (078) 305-0916
(02) 920-4909 Manila Branch (078) 305-0405
(02) 920-4902 G/F, W.Godino Bldg. Quezon City Branch Fax: (078) 305-0905
(02) 920-4889 No. 350 A. Villegas St. G/F, Medical Arts Bldg., Phil. Heart E-mail: santiago@dbp.ph
(02) 920-4918 Ermita, Manila 1000 Center of Asia
(02) 920-4717 Tel.: (02) 525-8669 East Avenue, Quezon City Solano Branch
Fax: (02) 920-4776 (02) 525-8662 Tel.: (02) 426-2246 Burgos St., Brgy. Quezon
(02) 920-4903 (02) 525-8703 (02) 928-9156 Solano, Nueva Vizcaya
E-mail: rmc-mm1@dbp.ph Fax: (02) 525-8672 (02) 927-9383 Tel.: (078) 326-6087
E-mail: manila@dbp.ph Fax: (02) 928-0120 (078) 326-6096
Alabang Branch E-mail: quezoncity@dbp.ph Fax: (078) 326-6087
Unit 101 G/F, Admiralty Realty Manila-Nakpil Branch E-mail: solano@dbp.ph
Corp. 1101 Madrigal Business 1804 Leticia Bldg. San Juan Branch
Park Alabang-Zapote Road Julio Nakpil St. cor. Taft Avenue Unit GF-1, Harmonia Center Tabuk Branch
Alabang, Muntinlupa City Malate, Manila Ortigas Avenue No. 9 Provincial Road
Tel.: (02) 552-9218 Loc. 107 Tel.: (02) 523-3412 Greenhills West Dagupan Centro, Tabuk City
(02) 552-9219 Loc. 101 (02) 523-2854 San Juan City Tel.: (02) 818-9511 local 1606
Fax: (02) 552-9215 Fax: (02) 523-2854 Tel.: (02) 621-9803 Fax: (02) 818-9511 local 1606
E-mail: alabang@dbp.ph E-mail: nakpil@dbp.ph (02) 621-9480 E-mail: tabuk@dbp.ph
Fax: (02) 621-9813
Antipolo Branch Marikina Branch E-mail: sanjuan@dbp.ph Tuguegarao Branch
JMK Bldg., Circumferential No. 37 cor. Dragon Cor. Burgos & Arellano
Road cor. P. Oliveros St., and Gil Fernando Taguig Branch Sts. Centro, Tuguegarao
Antipolo City Tel.: (02) 661- Ave. G/F, Trade and Financial Tower City Tel.: (078) 844-1828
8112 Midtown Subdivision 32nd St.Bonifacio Global City (078) 844-2386
(02) 661-8115 San Roque, Marikina Taguig City (078) 844-1957
Fax: (02) 661-8113 City Tel.: (02) 477-6923 Tel.: (02) 478-6904 Fax: (078) 844-1957
E-mail: antipolo@dbp.ph (02) 477-6924 (02) 478-6905 (078) 846-2381
Fax: (02) 477-6925 (02) 478-6483 E-mail: tuguegarao@dbp.ph
Caloocan Branch E-mail: marikina@dbp.ph Fax: (02) 478-6906
Caloocan Commercial Complex E-mail: taguig@dbp.ph Tuguegarao-RGC Branch
A. Mabini St., Caloocan City Muntinlupa Branch Enrile Blvd., Carig Sur
Tel.: (02) 294-0075 34 National Rd., Putatan Taguig-Tuktukan Branch Tuguegarao City
(02) 294-9329 Muntinlupa City 1702 BSJE Building, No. 9 Gen. Luna Tel.: (078) 377-1152
(02) 294-8894 Tel.: (02) 861-5935 St. Brgy. Tuktukan, Taguig City E-mail: tuguegaraorgc@dbp.ph
E-mail: caloocan@dbp.ph (02) 861-5397 Tel.: (02) 532-7661
(02) 861-5934 (02) 532-7670
Camp Aguinaldo Branch Fax: (02) 861-5398 E-mail: taguig-tuktukan@dbp.ph WESTERN LUZON GROUP
G/F, Hen. Antonio Luna Hall E-mail: muntinlupa@dbp.ph M. H. del Pilar, Dagupan City
Veterans Compound Pangasinan 2400
Camp Emilio Aguinaldo Parañaque Branch NORTHEASTERN LUZON GROUP Tel.: (075) 523-7836
Quezon City Unit 14 & 15 G/F, Aseana Second Floor, DBP Building, (075) 529-5490
Tel.: (02) 995-0383 Power Station, Macapagal Maharlika Highway cor. Fax: (075) 523-7835
(02) 913-6017 Blvd. cor. Bradco Ave., Arranz St., Osmena Email Address: rmc-nwl@dbp.ph
(02) 913-6059 Parañaque City Tel.: (02) 519- City of Ilagan, Isabela 3300
Fax: (02) 913-6005 0645 Tel.: (078) 624-1380 Baguio Branch
(02) 913-6008 (02) 478-6179 Fax: (078) 624-0877 Session Road cor.Perfecto St.
E-mail: caguinaldo@dbp.ph (02) 519-5826 Email: rmc-nel@dbp.ph Baguio City
Fax: (02) 478-6783 Tel.: (074) 442-5305
Commonwealth Branch E-mail: paranaque@dbp.ph Aparri Branch (074) 442-2550
DBP Bldg., Commonwealth Maharlika Highway (074) 442-5308
Ave. Diliman, Quezon City Pasay Branch Macanaya District, Aparri (074) 442-4987
Tel.: (02) 926-1686 Centro Buendia Building Tel.: (078) 888-2066 (074) 442-7109
(02) 920-4791 Sen. Gil J. Puyat Avenue (078) 822-8291 Fax: (074) 442-5307
(02) 920-4893 cor. Tramo St., Pasay City Fax.: (078) 888-2066 E-mail: baguio@dbp.ph
(02) 920-4708 Tel.: (02) 219-5066 E-mail: aparri@dbp.ph
(02) 920-4703 (02) 219-5013 Bangui Branch
(02) 920-4892 E-mail: pasay@dbp.ph Cabarroguis Branch Legislative Bldg.,
(02) 920-4907 Provincial Capitol Commercial Brgy. San Lorenzo, Bangui
Fax: (02) 920-4898 Pasig Branch Bldg., Capitol Hills, San Marcos
E-mail: cmwealth@dbp.ph Unit 102, Pacific Center Cabarroguis Ilocos Norte
Bldg. 33 San Miguel Avenue Tel.: (0917) 700-5045 Tel.: (02) 401-6571, 401-6568
Makati-F. Zobel Branch Ortigas Center, Pasig City E-mail: cabarroguis@dbp.ph E-mail: bangui@dbp.ph
G/F, Lasala Building II Tel.: (02) 576-6274
Lot 12 Block 1, F. Zobel St. (02) 576-4098 Ilagan Branch Cabugao Extension Office
Brgy. Poblacion, Makati (02) 576-6272 Arranz St., Osmeña Cabugao Commercial Center
City Tel.: (02) 556-1110 (02) 576-6292 City of Ilagan, Isabela 3300 National Highway
Fax: (02) 556-1100 Fax : (02) 576-6272 Tel.: (078) 624-2145 Rizal Cabugao, Ilocos Sur
E-mail: makati@dbp.ph E-mail: pasig@dbp.ph (02) 818-9511 loc. 1556 Tel.: (077) 604-1151
Fax: (078) 624-2145 (077) 604-1152
E-mail: ilagan@dbp.ph E-mail: cabugao@dbp.ph
Dagupan Branch E-mail: batangas@dbp.ph

M. H. del Pilar St., Dagupan City Guagua Branch Calapan Branch Roxas
Tel.: (075) 522-0986 Mary The Queen College Building Dr., Sto. Nino Calapan City
(075) 522-0597 Jose Abad Santos Ave. Tel.: (043) 288-4399
(075) 515-4403 Brgy. San Matias,Guagua Fax: (043) 441-0217
(075) 515-8536 Pampanga E-mail: calapan@dbp.ph
Fax: (075) 522-2696 Tel: (045) 432-0098
E-mail: dagupan@dbp.ph (045) 432-0099 Dasmariñas Branch Aguinaldo
E-mail: guagua@dbp.ph Highway Dasmarinas, Cavite
Laoag Branch Tel.: (046) 416-1389
A.G. Tupaz Ave., Laoag City Malolos Branch (046) 850-3637
Tel.: (077) 772-0234 Paseo del Congreso Fax: (046) 416-1390
(077) 772-1161 Brgy. Catmon E-mail: dasmarinas@dbp.ph
(077) 771-4092 City of Malolos, Bulacan
Fax: (077) 772-1503 Tel.: (044) 760-1156 Lipa Branch
E-mail: laoag@dbp.ph (044) 662-1589 No. 2 C.M. Recto Ave., Lipa City Tel.:
(044) 662-1589 (043) 756-4216
Naguilian Extension Fax: (044) 796-0324 Fax: (043) 756-4217
Office LGU Compound, (044) 796-0325 E-mail: lipa@dbp.ph
Brgy. Ortiz Naguilian, La E-mail: malolos@dbp.ph
Union Lucena Branch
Tel.: (072) 888-0620 Palayan Branch Merchan St., Lucena City, Quezon Tel.: (042)
E-mail: naguilian@dbp.ph Brgy. Singalat 373-0190
Provincial Capitol (042) 373-0986
San Fernando (La Union) Compound Palayan City, Fax: (042) 373-0134
Branch Nueva Ecija Tel.: 0936-953- E-mail: lucena@dbp.ph
Lueco Bldg, National Hi-way 8650
Brgy. Sevilla, San Fernando City 0915-768-9456 Puerto Princesa Branch
La Union E-mail: palayan@dbp.ph G/F, Empire Suites Hotel Rizal
Tel.: (072) 700-0101 Avenue, Puerto Princesa City Tel.:
(072) 242-1664 San Fernando (048) 433-2358
Fax: (072) 242-1049 Pampanga Branch Fax: (048) 433-2358
E-mail: sfdo@dbp.ph Dona Isa Fel Bldg. E-mail: ptoprincesa@dbp.ph
Dolores McArthur Highway
Vigan Branch City of San Fernando, Pampanga Romblon Branch Zaragoza
L. Florentino St., Vigan Tel.: (045) 961-5845 St., Capaclan Romblon, Romblon
City Tel.: (074) 674-2502 (045) 961-5674 Tel.: (02) 968-0538
Fax: (074) 674-2501 Fax: (045) 961-5817 (078) 429-4232
E-mail: vigan@dbp.ph E-mail: sanfernando-pampanga@dbp.ph (078) 429-5174
E-mail: romblon@dbp.ph
Subic Branch
CENTRAL LUZON GROUP G/F, Hee-Mang Bldg. San Jose Branch
2/F Dona Isa Fel Bldg. Lot 3 Greenwoods Park Rizal St. cor. Quirino St. San Jose,
Dolores McArthur Highway CBD Area Subic Bay Freeport Zone Occ. Mindoro Tel.: (043) 491-
City of San Fernando Tel.: (047) 252-3091 2073
Pampanga 2000 (047) 252-3093 (043) 491-2024
Tel.: (045) 961-0003 Fax: (047) 252-3090 Fax: (043) 491-1932
(045) 961-4782 E-mail: subic@dbp.ph E-mail: sanjose@dbp.ph
(045) 961-5674
Fax: (045) 963-1231 Tarlac Branch Santa Cruz Branch
Macabulos Drive A. Bonifacio cor.
E-mail: rmc-cl@dbp.ph
Tarlac City, Tarlac 2300 F. Sario Sts.
Balanga Branch Tel.: (045) 982-6024 Santa Cruz, Laguna Tel.: (049)
Don Manuel Banzon (045) 982-0406 501-5142
Ave. Balanga, Bataan (045) 982-6038 Fax: (049) 501-5132
Tel.: (047) 237-2073 Fax: (045) 982-0885 E-mail: stacruz@dbp.ph
(047) 237-6654 E-mail: tarlac@dbp.ph
(047) 237-3589 Santa Rosa Branch Maerix
Fax: (047) 237-2073 Valenzuela Branch Terrace Bldg. Rizal Blvd., Brgy.
E-mail: balanga@dbp.ph 253-A, McArthur Highway Tagapo
Karuhatan, Valenzuela City City of Santa Rosa, Laguna Tel.: (049)
Baler Branch Tel: (02) 294-9823 534-2821
National Highway Tel.: (02) 294-9906 Fax: (049) 534-2820
Brgy. Suklayin Baler, Aurora E-mail: valenzuela@dbp.ph E-mail: starosa@dbp.ph
Tel.: (042) 724-0007
(042) 724-0065 Taytay-Palawan Branch
SOUTHERN TAGALOG GROUP G/F, RIKC Building cor. Sto.
E-mail: baler@dbp.ph
2nd Flr., DBP Bldg. Merchan Domingo St. & National
Cabanatuan Branch St. Lucena City, Quezon Highway
Tel.: (042) 373-4404 Poblacion, Taytay, Palawan Tel.: (02)
Burgos Ave., cor. Gabaldon St.
Cabanatuan City, Nueva Ecija (042) 373-4274 968-0546
3100 Tel.: (044) 463-1252 Fax: (042) 373-4404 (048) 244-2087
(044) 463-1160 (042) 373-4274 (048) 244-2096
(044) 600-2004 E-mail: rmc-st@dbp.ph E-mail: taytay-palawan@dbp.ph
(044) 600-0703
Fax: (044) 464-3536 Bacoor Branch BICOL GROUP
E-mail: cabanatuan@dbp.ph Unit 2, Sidcor Bldg. 2/F, DBP Naga Branch Bldg.
Molino Blvd., Panganiban Drive
Clark Branch Bayanan Bacoor City, Naga City, Camarines Sur Tel.:
Cavite Tel.: (046) (054) 472-4728
Pavillion I, Berthaphil III Clark Center
Jose Abad Santos Avenue 435-0443 (054) 472-4729
Clark Freeport Zone Fax: (046) 435-0445 Fax: (054) 472-4727
Tel.: (045) 499-1649 to 51 E-mail: bacoor@dbp.ph E-mail: rmc-bicol@dbp.ph
Fax: (045) 499-1652
Batangas City Branch
E-mail: clark@dbp.ph Sambat Ibaba, Kumintang
Batangas City
Tel.: (043) 702-3400
Fax: (043) 702-3378
Daet Branch (054) 299-7570 Masbate City Fax: (056) 421-6876
Magallanes (054) 299- Tel.: (056) E-mail: sorsogon@dbp.ph
Iraya St. Daet, 7569 333-4073
Camarines 459-1208 (056) 333- Virac Branch
Norte Tel.: Fax: (054) 2947 DBP Virac Branch Old Capitol
(054) 440- 881-7364 Fax: (056) Building Cor. Eustaquio St.
0762 E-mail: 333-2236 & Rizal Avenue, Sta.
(054) 440- iriga@dbp.ph E-mail: masbate@dbp.ph Elena Virac, Catanduanes
0757 Tel.: (052) 811-4116
Fax: (054) Legazpi Branch Naga Branch Fax: (052) 811-2870
440-0765 Quezon Panganiban Drive, E-mail: virac@dbp.ph
E-mail: Ave. Naga City Tel.: (544)
daet@dbp.ph Legazpi 472-641 EASTERN VISAYAS GROUP
City, Albay (544) 473- 2nd Flr. DBP Bldg.
Guinobatan Tel.: (052) 8501 Cor. Zamora & Paterno
Branch SB 820-2512 (544) 472- Sts. Tacloban City, Leyte
Building, (052) 820- 2332 6500 Tel.: (053) 325-2958
Rizal St. 1961 (544) 472- (053) 325-2960
Guinobatan, (052) 820- 0640 Fax: (053) 325-2961
Albay 1348 Fax: (054) E-mail: rmc-ev@dbp.ph
Tel.: (632) 818-9511 loc. 1597 (052) 480- 472-4766
E-mail: guinobatan@dbp.ph 7843 E-mail: naga@dbp.ph Borongan Branch
Fax: (052) E. Cinco St., Brgy. C
Iriga Branch 480-7081 Sorsogon Branch Borongan City, Eastern Samar
G/F, LRDC E-mail: legazpi@dbp.ph ACM Bldg. cor. Burgos Tel.: (055) 560-9080
Building Msgr. & Rizal Sts., (055) 261-2021
Lanuza St. Masbate Branch Sorsogon City Tel.: Fax: (055) 261-2168
San Francisco, Cor. Danao & (056) 421-6876 (055) 560-9080
Iriga City Tel.: Mabibi Sts. 211-2079 E-mail: borongan@dbp.ph
Tel.: (032) 251-2241 Fax: (033) 336-7567

(032) 251-2070 E-mail: rmc-panay@dbp.ph
Catarman Branch (032) 434-8795 Mandaue Branch
390 J.P. Rizal St. Fax: (032) 251-2241 Bridges Town Square Antique Branch
Brgy. Lapu-Lapu E-mail: bogo@dbp.ph Plaridel St. AVP Bldg., T. A. Fornier St.
Catarman, Northern Brgy. Alang-Alang San Jose, Antique
Samar Tel.: (055) 251-8615 Carcar Mandaue City Tel.: (036) 540-9993
(055) 500-9065 Branch Tel.: (032) 344-4992 Fax: (036) 540-7848
Fax: (055) 500-9065 Awayan, (032) 345-8623 E-mail: antique@dbp.ph
(055) 251-8615 Poblacion III (032) 345-8624
E-mail: catarman@dbp.ph Carcar City, (032) 345-8625 Iloilo Branch
Cebu Tel.: (032) Fax: (032) 344-4993 I. de la Rama St., Iloilo City Tel.:
Catbalogan Branch 487-7038 E-mail: mandaue@dbp.ph (036) 336-2092
G/F, Tia Anita’s Commercial Fax: (032) 487-7138 (036) 336-2091
Mabini St., Catbalogan City, 266-9480 Tagbilaran Branch 509-9490
Samar Tel.: (055) 251-2046 E-mail: carcar@dbp.ph DBP Bldg. 243 Carlos P. Garcia Fax: (033) 337-2224
Fax: (055) 251-2687 Ave. North Tagbilaran City E-mail: iloilo@dbp.ph
E-mail: catbalogan@dbp.ph Cebu Branch Tel.: (038) 411-3103
Osmeña (032) 412-3122 Jaro Branch
Maasin Branch Boulevard (032) 412-3107 E. Lopez St., Iloilo City Tel.:
RK Kangleon St., Tunga-Tunga Cebu City 6000 Fax: (038) 411-4033 (033) 508-8900
Maasin City, Southern Leyte Tel.: (032) 412-3423 E-mail: tagbilaran@dbp.ph (033) 329-2422
Tel.: (053) 381-2083 (032) 255-6315 (033) 329-5230
(053) 570-9954 (032) 412-3402 Talisay Branch Fax: (033) 329-5233
Fax: (053) 570-9954 (032) 255-6310 South Coast Center E-mail: jaro@dbp.ph
(053) 381-2083 Fax: (032) 253-7988 Brgy. Linao, Talisay City, Cebu
E-mail: maasin@dbp.ph E-mail: cebu@dbp.ph Tel.: (032) 516-0462
(032) 516-0459
Ormoc Branch E-mail: talisay@dbp.ph
G/F, WLC Bldg., Lopez Jaena St.
Ormoc City, Leyte Toledo Branch
Tel.: (053) 255-4485 Poloyapo St., Poblacion
(053) 561-4434 Toledo City, Cebu
(053) 255-4371 Tel.: (032) 367-7313 to 15
Fax: (053) 561-6017 Fax: (032) 367-7314
E-mail: ormoc@dbp.ph E-mail: toledo@dbp.ph
Tacloban Branch Tubigon Branch
Cor. Zamora & Paterno Holy Cross Academy
Sts. Tacloban City, Leyte Bldg. Poblacion, Tubigon,
Tel.: (053) 523-0094 Bohol Tel.: (038) 508-
(053) 321-2007 8683 to 87
Fax: (053) 325-5996 Fax: (038) 508-8684
E-mail: tacloban@dbp.ph E-mail: tubigon@dbp.ph
Ubay Branch
CENTRAL VISAYAS GROUP CRU Bldg., Poblacion
Mezzanine Floor, DBP Ubay, Bohol
Bldg., Osmeña Blvd., Cebu Tel.: (038) 518-8861
City Tel.: (032) 412-3505 (038) 518-8869
(053) 412-3588 Fax: (038) 518-8862
(053) 412-3505 E-mail: ubay@dbp.ph
(053) 412-3588
(032) 255-6324
Fax: (032) 255-6325 PANAY GROUP
E-mail: rmc-cv@dbp.ph Mezannine Floor,
DBP Bldg. I, Dela Rama St.,
Bogo Branch Iloilo City 5000
Martinez Bldg. cor. Tel.: (033) 337-6432
Sor D. Rubio & San Vicente Sts. (033) 337-6330
Bogo City, Cebu 509-9505
Kalibo Branch NORTHERN MINDANAO
DBP Bldg., Capitol Site Kalibo, GROUP
Aklan 3/F, DBP Bldg.
Tel.: (036) 268-5126 Corrales Ave. cor. Tirso Neri
500-8891 St. Cagayan de Oro City
Fax: (036) 268-5792 Tel.: (088) 722-648
E-mail: kalibo@dbp.ph (088) 722-646
(088) 723-783
Pototan Branch 231-4266
Milagros Bldg., RY Ladrido St. San 309-4049
Jose Ward, Pototan, Iloilo Tel.: Fax.: (088) 723-316
(033) 529-7461 E-mail: rmc-nm@dbp.ph
Fax: (033) 332-1485
E-mail: pototan@dbp.ph Cagayan de Oro
Branch DBP Bldg.,
Roxas Branch Corrales Ave. cor.
G/F, Capiz Government Business Tirso Neri St.
Center, Provincial Park Roxas Cagayan de Oro
Avenue, Roxas City City Tel.: (088)
Tel.: (036) 621-5096 722-649
(036) 621-4002 (088) 857-2148
(036) 621-5413 Fax: (088) 856-4517
522-1380 E-mail: cagayandeoro@dbp.ph
Fax: (036) 621-2438
E-mail: roxas@dbp.ph Capistrano-CDO
Branch Capistrano cor. J.
R. Borja Sts. Cagayan de
NEGROS GROUP Oro City
Mezzaninne Floor, DBP Bldg. Tel.: (088) 856-7776
DBP Bldg. cor. South Capitol Road and (088) 856-6154
Lacson Sts., (088) 722-819
Bacolod City Fax.: (088) 856-7776
Tel.: (034) 434-9378 E-mail: capistrano-cdo@dbp.ph
(034) 433-4284
709-6094 Iligan Branch
Fax: (034) 434-9377 Picardal Road
E-mail: rmc-negros@dbp.ph Mahayahay, Iligan
City Tel.: (063) 221-
Bacolod Branch 2858
Cor. South Capitol Road (063) 221-8208
and Lacson Sts., Bacolod City Tel.: (063) 221-2857
(034) 433-4283 Fax.: (063) 221-3124
(034) 433-4282 E-mail: iligan@dbp.ph
(034) 433-4281
(034) 433-3573 Malaybalay
(034) 433-3574 Branch
Fax: (034) 433-2303 Bonifacio Drive
E-mail: bacolod@dbp.ph Caul Malaybalay
City Tel.: (088)
Dumaguete Branch 221-2134
Rizal Blvd., Dumaguete City Tel.: Fax: (088) 813-3682
(035) 225-4723 E-mail: malaybalay@dbp.ph
(035) 225-4338
(035) 225-4339 Ozamiz Branch
422-9057 Burgos cor. Zamora
Fax: (035) 225-5919 Sts. Ozamiz City
E-mail: dumaguete@dbp.ph Tel.: (088) 521-0027
(088) 521-0028
Kabankalan Branch Fax: (088) 521-0032
Cor. Lirazan & Bonifacio Sts. E-mail: ozamis@dbp.ph
Kabankalan City
Tel.: (034) 471-3170 Valencia Branch
(034) 471-2285 Tamay Lang Park Lane
Fax: (034) 471-2402 G. Laviña Avenue
E-mail: kabankalan@dbp.ph Poblacion, Valencia City
Tel.: (088) 828-3316
San Carlos Branch (088) 828-3190
F.C. Ledesma Avenue San (088) 828-3086
Carlos City E-mail:
Tel.: (034) 312-5591 valencia@dbp.ph
(034) 312-5592
729-3351 Villanueva
Fax: (034) 312-5158 Branch National
E-mail: sancarlos@dbp.ph Highway Brgy.
Katipunan
Siquijor Branch Villanueva, Misamis
Siquijor Multi-purpose Center Oriental Tel.: (088) 890-
Mabini St., Poblacion Siquijor, 4761
Siquijor E-mail: villanueva@dbp.ph
Tel.: (035) 480-9761
(035) 480-9762
Fax: (035) 480-9761 NORTH EASTERN
E-mail: siquijor@dbp.ph MINDANAO GROUP
J. C. Aquino Avenue cor.
J. Rosales Ave., Butuan City
8600 Tel.: (085) 815-6036
(085) 815-2196
341-5136
Fax.: (085) 815-1627
E-mail: rmc-
nem@dbp.ph
Bayugan Extension Office

Kim Lope A. Asis Gymnasium SOUTH EASTERN Marbel Branch Dipolog Branch
Poblacion, Bayugan City MINDANAO GROUP Alunan Ave., Koronadal National Highway
Agusan Del Sur 2/F, DBP Bldg. City South Cotabato Turno, Dipolog City
Tel.: (085) 830-5893 C. M. Recto Avenue Tel.: (083) 228-2429 Tel.: (065) 212-3404
(085) 830-5897 Davao City 8000 (083) 228-3118 (065) 212-3414
Tel.: (082)
(082)221-2117
222-3477 228-5872
(083) 228-3119 908-0207
Fax: (065) 212-4290
Butuan Branch (082) 227-2891 (083) 228-8629 E-mail: dipolog@dbp.ph
J. C. Aquino Avenue cor. (082) 222-3478 Fax: (083) 228-3667
J. Rosales Ave., Butuan City (082) 226-4094 E-mail: marbel@dbp.ph Ipil Branch
Tel.: (085) 815-3827
(085) 815-2209 Fax: (082) 227-2891 Cor. Sucgang Avenue
342-6358 E-mail: rmc-sem@dbp.ph Polomolok Branch & Gethsemane St.
Fax: (085) 815-3826 National Highway cor. Ipil, Zamboanga Sibugay
E-mail: butuan@dbp.ph Davao Branch Juan Bayan, Brgy. Tel.: (062) 333-2227
DBP Bldg., C. M. Recto Ave. Magsaysay Polomolok, (062) 333-2420
Claver Branch Davao City South Cotabato Tel.: (083) Fax: (062) 333-2279
Clarin St., Brgy. Tayaga Tel.: (082) 222-8326 225-3131 E-mail: ipil@dbp.ph
Claver, Surigao del (082) 227-6277 (083) 225-3132
Norte Tel.: (02) 359- (082) 222-3480 (083) 553-1566 Jolo Branch
9531 (082) 227-9681 Fax: (083) 553-1567 Gen. Arrola St.
(02) 359-9746 (082) 227-7285 E-mail: polomolok@dbp.ph cor. Buyon St.
E-mail: claver@dbp.ph Fax: (082) 221-2572 Jolo, Sulu
E-mail: davao@dbp.ph Tacurong Branch Tel.: (085) 341-8911
Dinagat Islands Branch National Highway Fax: (02) 818-9511 loc 1982
G/F, Benglen Ecleo Building Digos Branch cor. Del Corro E-mail: jolo@dbp.ph
P-7 Poblacion, San Jose Quezon Ave., Digos City Sts. Tacurong
Dinagat Islands Tel.: (082) 553-2933 City Pagadian Branch
Tel.: 0917-5714229 Fax: (082) 553-3943 Tel.: (064) 200-3485 Rizal Avenue
(02) 359-9541 E-mail: digos@dbp.ph Fax: (064) 200-3060 Balangasan District
E-mail: sanjosedinagatisland@dbp.ph E-mail: tacurong@dbp.ph Pagadian City
Kidapawan Branch Tel.: (062)214-1448
Mangagoy Branch Quezon Blvd. Fax.: (062) 214-1450
Saren Bldg., Espiritu St. Kidapawan City, Cotabato WESTERN MINDANAO E-mail: pagadian@dbp.ph
Mangagoy, Bislig City Tel.: (064) 288-1450 GROUP
Tel.: (086) 853-5044 (064) 288-1372 Don P. Lorenzo St. Zamboanga Branch
Fax: (086) 853-2245 Fax: (064) 288-1581 (Port Area), Zamboanga DBP Bldg. Don Pablo Lorenzo St.
E-mail: mangagoy@dbp.ph E-mail: kidapawan@dbp.ph City Tel.: (062) 992-7365 (Port Area), Zamboanga City
(062) 991-1316 Tel.: (062) 991-1331
San Francisco Branch Mati Branch (062) 992-5819 Fax: (062) 991-1331
Orange St. cor. Rotunda Limatoc cor. Santiago Sts. Fax: (062) 991-0359 (062) 991-2617
San Francisco, Agusan del Mati City, Davao Oriental E-mail: rmc-wm@dbp.ph E-mail: zamboanga@dbp.ph
Sur Tel.: (085) 839-0439 Tel.: (087) 811-3145
343-8274 (087) 388-3489 Basilan Branch Zamboecozone Branch
Fax: (085) 839-0439 loc. 111 (087) 811-0413 J.S Alano St. Zamboanga City
E-mail: sanfrancisco@dbp.ph Fax: (087) 388-3911 Isabela City Special Economic Zone
E-mail: mati@dbp.ph Basilan Sitio San Ramon
Siargao Branch Tel.: (062) 200-3584 Talisayan, Zamboanga City
Sto. Niño cor. Mabini Sta. Cruz, Davao Del Sur Fax: (062) 200-3585 Tel.: (062) 983-0413
Sts. Brgy. Nueve, Dapa Branch E-mail: basilan@dbp.ph (062) 983-0414
Siargao Island, Surigao del Sta. Cruz Public Market E-mail: zamboecozone@dbp.ph
Norte Tel.: (02) 359-9612 National Highway
(02) 359-9548 Sta. Cruz, Davao Del Sur
Tel: (082) 286-1925
E-mail: siargao@dbp.ph (082) 286-1916
Surigao Branch E-mail: stacruzdavao@dbp.ph
Narciso St., Surigao City

Tel.: (086) 826-0289
(086) 826-1309
Tagum Branch
Apokon Road, Tagum City
DEVELOPMENT
231-7351
Fax: (086) 826-1118
Davao del Norte
Tel.: (084) 216-7096
LENDING NETWORK
E-mail: surigao@dbp.ph (082) 216-7097
Fax: (084) 655-9287
E-mail: tagum@dbp.ph Fax: (083)
E-mail: 552-4514
gensan@dbp.ph NORTH & CENTRAL
Tandag Branch LENDING GROUP (MALOLOS)
Purok Napo Paseo del Congreso, Brgy. Catmon City of
Brgy. Bagong Lungsod SOUTHERN MINDANAO Malolos, Bulacan ncllg@dbp.ph
Tandag City GROUP (044) 796-0325
Tel.: (086) 211-5801 Roxas Ave., General Santos City
(086) 211-5802 South Cotabato Bulacan Lending Center
(086) 211-5804 Tel.: (083) 552-2328 (Malolos)
Fax: (086) 211-5803 (083) 552-4514 [Balanga, Subic, Clark, Tarlac, Malolos,
E-mail: tandag@dbp.ph (083) 301-1688 San-Fernando Pampanga, Valenzuela,
Fax: (083) 301-1688 Guagua]
Trento Branch (083) 301-6110 Paseo del Congreso, Brgy. Catmon, City of
National Highway E-mail: rmc-sm@dbp.ph Malolos, Bulacan
Purok 4, Poblacion bulacanlendingcenter@dbp.ph (044) 796-
Trento, Agusan del Sur Cotabato Branch 0325
Tel.: (085) 255-2057 Don Rufino Alonzo St.
E-mail: trento@dbp.ph Cotabato City Benguet Lending Center
Tel.: (064) 421-2367 (Baguio)
(064) 421-2368 [Baguio, Dagupan,
Fax: (064) 421-8216 San Fernando La Union, Naguillan
E-mail: cotabato@dbp.ph Ext. Office] Session Road cor.
Perfecto St.
General Santos Branch Baguio City 2600
Roxas Avenue benguetlendingcenter@dbp.ph
General Santos City
Tel.: (083) 554-7821
(083) 552-2084
(083) 301-2962
(083) 552-2961
Ilocos Bangui, [Tuguegarao, Nueva Ecija Lending
Norte Cabugao Aparri, Lal-lo, Center (Cabanatuan)
Lending Ext. Office] Tabuk, Ilagan, [Cabanatuan, Baler, Palayan]
Center A.G. Tupaz Avenue Santiago, Burgos Avenue cor.
(Laoag) Laoag City, Ilocos Cabarruiguis, Gabaldon St., Cabanatuan City,
[L Norte 2900 Solano] Nueva Ecija 3100
ao ilocoslendingcenter@d DBP Building, Burgos SM Kristine Joy M. Yambao
ag bp.ph St. cor. Arellano St. 0917-523-5806
, Centro, Tuguegarao kjmyambao@dbp.ph
Vi Cagayan City, Cagayan 3500 nuevaecijalendingcenter@dbp.ph*
None (temporarily via
ga Lending Center cagayanlendingcenter@
n, (Tuguegarao) dbp.ph (078) 323-1482
92 D B P. S T R O N G A N D B R I L L I A N T @ 7 0
Cabanatuan Branch 1643)
Strong and Brilliant Strong and Brilliant DBP Senior Officers Audited Financial DBP Subsidiaries DBP Products DBP Expanded
Customer Concern Corporate Citizenship Statements and Services Network for Growth
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Republic of The Philippines Commission On Audit Corporate Government Sector Cluster 1 - Banking and Credit

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Republic of The Philippines Commission On Audit Corporate Government Sector Cluster 1 - Banking and Credit

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Strong and Brilliant

REPUBLIC OF THE PHILIPPINES

INDEPENDENT AUDITOR’S REPORT

The Board of Directors

Basis for Qualified Opinion

2017 ANNUAL REPOR T 1

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Strong and Brilliant Customer Concern Brilliant Corporate Citizenship

STATEMENT OF FINANCIAL POSITION

Cash and other cash items 7 5,235,397 3,662,019 5,224,876 3,648,329

Deposits liabilities 23 412,676,037 356,419,509 412,363,755 356,242,441

Bonds Payable 25 14,948,201 14,876,888 14,948,201 14,876,888

Capital Stock 31 17,500,000 17,500,000 17,500,000 17,500,000

Total Equity 48,015,758 44,825,087 48,084,843 44,889,880

Total Liabilities and Equity 594,237,194 537,987,744 592,355,104 536,282,969

See accompanying Notes to Financial Statements

STATEMENT OF PROFIT OR LOSS

Net interest income 12,997,207 11,548,447 12,921,526 11,488,201

Provision for impairment 19 505,315 778,026 497,059 757,511

Profit before tax 6,919,951 5,780,041 6,892,334 5,728,821

Profit for the year P 5,493,040 P 4,480,066 P 5,489,304 P 4,436,471

STATEMENT OF PROFIT OR LOSS

Profit for the Year P 5,493,040 P 4,480,066 P 5,489,304 P 4,436,471

Other comprehensive income/(loss)

Items that may be reclassified subsequently to profit or loss:

Net unrealized gains on securities 33 460,807 (381,455) 460,838 (381,454)

460,807 (381,455) 460,838 (381,454)

See accompanying Notes to financial statements.

STATEMENT OF CASH FLOWS

CASH FLOWS FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

EFFECTS OF EXCHANGE RATE CHANGES ON CASH

See accompanying Notes to financial statements.

Transaction with owner

Transaction with owner

DBP Data Center, Inc. (DCI) has supported DBP’s

Profit and Loss Summary (in million pesos)

Year-End 2017 Year-End

Revenue 147.67 227.27 252.85 (79.60) (35) (105.18) (42)

2017 ANNUAL REPOR T 83

subscribed and paid for an additional Php35-million

Al-Amanah Islamic Investment Bank of the Philippines

Net Loss (59.09) (104.82) (45.73) 56%

Loans and Financing, gross 211.29 Deposits

DBP PRODUCTS AND SERVICES

b. DBP Credit Surety Fund Credit Facility

NETWORK Jo-Cel Building, 29 San Roque St.

Dagupan Branch E-mail: batangas@dbp.ph

Tel.: (032) 251-2241 Fax: (033) 336-7567

Bayugan Extension Office

Narciso St., Surigao City

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