Philippines · Financial institution
Development Bank of the Philippines
Legal name in the LEI recordDEV. BANK OF THE PHILS.
Development Bank of the Philippines (DBP) is a government-owned development bank with its head office in Makati City. It operates under the 1986 Revised Charter (Executive Order No. 81), as amended by Republic Act No. 8523 in 1998. It traces its origins to the Rehabilitation Finance Corporation, which was created in 1947 and reorganised as DBP in 1958. It was granted an expanded banking licence and universal banking status in 1995. It finances infrastructure, small businesses, social services and environmental projects. In September 2023 it contributed PHP 25 billion to the seed capital of Maharlika Investment Corporation.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- DBPHPHMMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under DBPHPHMM directly.
- Swift GPI
- Member, not yet live
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1992-11-05
- Last updated
- 2026-08-14
Overview
Researched 29 Sep 2026 · Sources
Total assets
Not published
Employees
Not published
Ownership
State-owned
Republic of the Philippines (National Government)
Institution type
Development bank
Trades as DBP
- Standing
- The bank remains active under its own charter. In February 2024 the Department of Finance announced that the proposed merger with Land Bank of the Philippines would not go ahead.
- Ownership
- The bank is a chartered government-owned and controlled corporation (GOCC) owned by the Philippine National Government, with the Department of Finance as its supervising agency.
- Direct parent
- Republic of the Philippines (National Government), Philippines
- Head office
- DBP Building, Sen. Gil J. Puyat Avenue corner Makati Avenue, 1200 Makati City, Philippines
- Former name
- Rehabilitation Finance Corporation
Business lines
According to the bank, its lending focuses on four priority sectors: infrastructure and logistics, small businesses, the environment and social services.
Online
- Websites & references
- dbp.ph ↗ did not load when checked
Wikipedia ↗ - Official social accounts
- None found
Sources · 12 pages consulted
- icrs.gcg.gov.ph/profiles/dbp/
- dbp.ph/about-dbp/board-of-directors-management/
- dbp.ph/wp-content/uploads/2019/11/SSI-for-Treasury-Fund-Transfer-and-Commercial-payments.pdf
- dbp.ph/wp-content/uploads/2018/11/SSI-Remittance-Commercial-Payments-and-Treasury-Settlements-re
- tribune.net.ph/2026/09/15/dbp-steps-up-deposit-drive-to-expand-lending-capacity
- newsinfo.inquirer.net/2259853/ex-dbp-chair-philip-lo-named-presidential-adviser-for-visayas
- manilatimes.net/2026/07/11/regions/philip-lo-assumes-role-as-presidential-assistant-for-the-visayas/23824
- business.inquirer.net/525022/biz-buzz-dbp-cha-cha-vetoed
- dof.gov.ph/dof-set-to-steer-dbp-towards-greater-financial-stability-as-chair-of-the-board-boost-stre
- bworldonline.com/banking-finance/2025/12/02/715763/dbp-to-ask-for-dividend-regulatory-relief-as-it-seeks-t
- cbonds.com/company/16265/
- en.wikipedia.org/wiki/Development_Bank_of_the_Philippines
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Michael O. de Jesus President and Chief Executive Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Philippines
- Bangko Sentral ng Pilipinas Central bankPrudential supervisorAML supervisor
- Philippines
- Governance Commission for GOCCs Other
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The President of the Philippines appointed chairman Philip G. Lo as Presidential Assistant for the Visayas. He left the bank's board chair.
newsinfo.inquirer.net ↗ -
Other
According to press reports, the President vetoed a new DBP charter that would have made the finance secretary ex-officio chair.
business.inquirer.net ↗ -
Merger / acquisition
The Finance Secretary announced that the government had dropped the proposed merger of DBP with Land Bank of the Philippines.
en.wikipedia.org ↗ -
Other
The bank contributed PHP 25 billion to Maharlika Investment Corporation's seed capital and later sought regulatory relief from the Bangko Sentral ng Pilipinas.
bworldonline.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- DBPHPHMMXXX
- How the BIC breaks down
- DBPHBank
- PHCountry · Philippines
- MMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300FQFLY6N6DXP164
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Philippines · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- DBP HEAD OFFICE, DBP BUILDING CORNER GIL PUYAT AND MAKATI AVENUE MAKATI CITY 1200 PHILIPPINES
- Operational address
- DBP HEAD OFFICE, DBP BUILDING CORNER GIL PUYAT AND MAKATI AVENUE MAKATI CITY 1200 MAKATI CITY PHILIPPINES
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>DBPHPHMMXXX</BICFI>
<LEI>549300FQFLY6N6DXP164</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>DBPHPHMMXXX</BICFI>
<LEI>549300FQFLY6N6DXP164</LEI>
<Nm>DEVELOPMENT BANK OF THE PHILIPPINES</Nm>
<PstlAdr>
<TwnNm>MAKATI</TwnNm>
<Ctry>PH</Ctry>
<AdrLine>DBP HEAD OFFICE, DBP BUILDING CORNER GIL PUYAT AND MAKATI AVENUE</AdrLine>
<AdrLine>MAKATI CITY 1200</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Correspondent banking
The bank publishes 11 accounts at other banks, across 4 regions.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
11 accounts at other banks, in 9 currencies, as the bank publishes them: dbp.ph ↗ dated Nov 2019
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| AUD | Australia and New Zealand Banking Group Limited, Melbourne Australia | ANZBAU3M | 170621AUD00001 | commercial payments, FX, money market | Matches the Swift directory |
| CAD | The Bank of Montreal, (International Branch) Toronto CA Canada | BOFMCAT2 | 31441039682 | commercial payments, FX, money market | Matches the Swift directory |
| AED | MashreqBank PSC, Dubai, AE United Arab Emirates | BOMLAEAD | 019030000110 | commercial payments | Matches the Swift directory |
| EUR | ING Bank N.V. / SA Belgium | BBRUBEBB010 | 301-0104886-13 (IBAN BE08301010488613) | commercial payments | Matches the Swift directory |
| GBP | Standard Chartered Bank U.K. United Kingdom | SCBLGB2L | — | — | Matches the Swift directory |
| NZD | ANZ National Bank Limited, Wellington New Zealand | ANZBNZ22 | 170621NZD00001 | commercial payments, FX, money market | Matches the Swift directory |
| PHP | Bangko Sentral ng Pilipinas, Manila Philippines | PHCBPHMM | 220010-010200-050010 | commercial payments, FX, money market | Matches the Swift directory |
| SGD | United Overseas Bank Limited, Singapore Singapore | UOVBSGSG | 3013990466 | commercial payments | Matches the Swift directory |
| USD | Industrial and Commercial Bank of China, Macau Macao SAR China | ICBKMOMX | 0119100000000021180 | commercial payments, FX, money market | Matches the Swift directory |
| USD | JPMorgan Chase Bank National Association, New York United States | CHASUS33 | 544771807 | commercial payments, FX, money market | Matches the Swift directory |
| USD | JPMorgan Chase Bank National Association, New York United States | CHASUS33 | 811164961 | commercial payments, FX, money market | Matches the Swift directory |
This is the bank's standard settlement instructions (SSI) PDF for treasury, fund transfer and commercial payments. It marks each account for CP (commercial payments), FX or MM (money market). The PDF on dbp.ph could not be fetched. The rows below come from the indexed text of the document, so the list may be incomplete. The GBP account number was not visible. The document is dated 2019 by its upload path, so it may be stale. An older April 2018 SSI PDF also lists a Westpac AUD account; it was not extracted because the 2019 list supersedes it. A current inward-remittance page (Correspondent Banks/Instructions for Inward Remittance) also exists but could not be fetched. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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