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Media Statement on the Proposed DBP-LBP Merger

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There is no formal decision on the merger of the Development Bank of the Philippines (DBP) and Landbank of the Philippines (LBP).

DBP believes that any merger would require an act of Congress as both institutions were created by enabling laws.

The DBP echoes and shares the sentiments of President Ferdinand Marcos, Jr. on the need to conduct a thorough and meticulous legal study on the proposed merger of DBP and LBP which he firmly declared during a meeting with all stakeholders in Malacañang today, March 28, 2023.

DBP is committed to fulfilling its mandate of being a catalyst for national development by serving the financing needs of strategic and critical economic sectors, particularly infrastructure and logistics, micro, small and medium enterprises, social services, and the environment.

We assure the general public that the entire Board of Directors, Management Team and the rest of the public servants of DBP remain steadfast in serving the banking needs of our clients. And we shall continue to do so with the same passion, dedication, and commitment as we have done for the past 76 years.

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