The Development Bank of the Philippines (DBP) has extended P6.13-billion in loans to firms affected by the coronavirus disease 2019 (Covid-19) pandemic and earmarked P27.13 million interest subsidies to local government units (LGUs).
DBP President and Chief Executive Officer Emmanuel Herbosa, in a presentation of DBP’s 2021 plans to Finance Secretary Carlos Dominguez 3rd, said the loans under the bank’s Rehabilitation Support Program on Severe Events program were approved for 25 private and public institutions to help sustain their operations during the Covid-19 pandemic.
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