(Seated from left) DBP Senior Assistant Vice President Ma. Ofelia Tesorio, DBP Executive Vice President Paul Lazaro, BBMPC Board Chairman Bonifacio Bermoy, BoholGovernor Arthur Yap and BCMPC Board Chairman Melchor Daniel. DBP President and Chief Executive Officer Emmanuel Herbosa said the P200-million and P9.3-million granted to the Bohol Bayanihan Multi-Purpose Cooperative (BBMPC) and the Bohol Community Multi-Purpose Cooperative (BCMPC), respectively, would be used primarily for working capital as well as processing, storage and other logistical requirements. DBP is the fifth largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development. DBP's financing assistance to DA-accredited farmers cooperatives forms an integral component of the National Government's Expanded Rice Credit Assistance.

Source: Manila Times May 16, 2022 17:11 UTC