LEYTE, PHILIPPINES – Despite extensive damages sustained due to Typhoon Yolanda, state-owned Development Bank of the Philippines (DBP) has re-opened its branch in Tacloban City. This follows the resumption of operations of its ATM machines last week.
“We are proud to announce the resumption of our banking operations in Tacloban City. We hope that the restoration of our branch operations will help in bringing back normalcy in the area, especially in business transactions. We realize this will be a long process, and we in DBP remain committed to helping the local communities get back on their feet,” DBP president & chief executive officer Gil A. Buenaventura said.
The branch, located at the corner of Zamora and Paterno streets in downtown Tacloban City, serves about 12,000 clients, most of whom are government employees, public school teachers, and local businessmen. DBP Tacloban now accepts over-the-counter transactions such as deposits, withdrawals and check encashment. Banking hours are initially set from 9 a.m. to 1p.m.
DBP also offers immediate assistance to affected local government units and business enterprises through its National Rehabilitation Fund for Calamity Stricken Areas. With an additional outlay of P10-billion, the facility supports the rehabilitation of projects that will speed up the development of communities affected by typhoon Yolanda.
Under the Fund, funds may be allocated to rehabilitate DBP-financed projects adversely affected by calamities, as well as existing viable non-DBP financed projects that will speed up the development of communities and regions adversely affected by calamities.
