The state-owned Development Bank of the Philippines (DBP) has been recognized by an international publication for its role in upgrading and modernizing the country’s primary international gateway, a top official said.
DBP President and Chief Executive Officer Michael O. de Jesus said the bank received the “Best Syndicated Loan Deal of the Year 2024” award from Alpha Southeast Asia in its 18th Annual Best Deal and Solution Awards. The recognition was for DBP’s participation in the PHP52-billion syndicated senior project finance term loan facility for the Ninoy Aquino International Airport (NAIA) Public-Private Partnership (PPP) project, which was awarded to the San Miguel-led New NAIA Infra Corp.
“DBP’s active involvement in this critical infrastructure project reflects its commitment to promoting an accessible, efficient, and seamless air transportation service for the public, aligned with President Marcos Jr.’s infrastructure development plan,” de Jesus said.
DBP is the country’s 10th largest bank in terms of assets and provides credit support to four priority sectors: infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development.
Alpha Southeast Asia is an institutional investment and transactional banking magazine that provides a platform for banks and financial institutions in Southeast Asia to showcase their services, products, and achievements. The 2024 awards evaluated financial institutions based on credentials, track record, performance, and growth.
De Jesus said DBP contributed PHP2.53 billion to the loan facility, which funded capital expenditures for the NAIA rehabilitation project as well as related transaction costs, fees, and expenses.
He added that DBP’s participation underscores the bank’s strong support for President Marcos Jr.’s goal of revitalizing the country’s main gateway and improving the public transportation system through strategic infrastructure investments.
“This award also highlights the positive impact of public-private partnerships in addressing the infrastructure financing gap and sustaining the country’s economic growth,” de Jesus said.
