DBP grants P8.5B for rehabilitation, recovery

STATE-owned Development Bank of the Philippines (DBP) has authorized P8.5 billion in funding support for the rehabilitation operations of both public and private institutions that have been negatively affected by the present public health crisis, according to a top official.

DBP President and Chief Executive Officer Emmanuel Herbosa said in a statement on Friday that the bank's Rehabilitation Support Program on Severe Events (Response) and its subprogram DBP Response to Accelerate Micro-Small and Medium Enterprises (MSME) Recovery helped 90 businesses in the first half of the year.