Development Bank of the Philippines (DBP) President and Chief Executive Officer Emmanuel G. Herbosa (second foreground from left), together with Caloocan City Mayor Oscar G. Malapitan (third from left), lead the blessing and rededication of DBP Caloocan located at the new Caloocan Commercial Complex along 8th Street, 8th Avenue, Caloocan City.
Joining them in the ceremony held on December 16, 2019 were (foreground left) LGU Caloocan Legal Department Head Atty. Francis Carlos D. Taparan and Caloocan City Vice Mayor Luis Macario E. Asistio (foreground right). Also in the photo are (background, from left) DBP Caloocan Head Lea R. Remolano-Santos; DBP Senior Vice President Madeleine F. Aldana and DBP Executive Vice President Fe Susan Z. Prado.
DBP Caloocan is one of the 137 branches and branch-lite units of the bank across the country. The branch is the major depository bank of the Caloocan City government, servicing the payroll of its employees including some 2,500 contractual workers, as well as managing the disbursement of the augmentation allowance of some 8000 public school teachers of the city. It processes and disburses the salary loans of some 600 to 700 regular city employees.
