STATE-OWNED Development Bank of the Philippines (DBP) was honored by one of the country’s leading market development firms citing the bank’s strong contribution to local capital market development, a top official said.
DBP president and chief executive officer Emmanuel G. Herbosa said the bank was one of the awardees of the Philippine Dealing System for placing fourth among the Top 5 Corporate Issue Managers/Arrangers for Bank Category during the 2019 Philippine Dealing System (PDS) Annual Awards in Makati on March 14.
“We are honored by the recognition from the Philippine Dealing System Holdings Corporation and their operating subsidiaries. This award only proves the bank’s impact not only to our clients but also in the market place,” Herbosa said.
DBP was recognized as one of the most active companies for 2018 by PDS, which tracks the volume of listed corporate securities where the bank acted as lead manager or arranger. This is DBP’s first time to receive an award from the PDS.
Philippine Dealing System Holdings Group provides vital financial market infrastructure to operate trading platforms, manages sound settlement highways, and renders essential securities services in the Philippines
DBP is the eighth largest bank in the country in terms of assets and has been designated as the country’s infrastructure bank by the National Government. It provides loans to strategic sectors such as infrastructure and logistics, small and medium enterprises, social services and community development, and the environment.
The PDS Annual Awards is an annual ceremony that recognizes market stakeholders that exhibit outstanding performance, leadership and innovation in the Foreign Exchange, Depository, Settlement and Custody, and Fixed Income categories.
“Rest assured that with this award, DBP shall continue to be actively involved in the growth and advancement of the country’s capital market,” Herbosa said.