DBP approves ₧1.35-B loan for Batangas hospital build

the development Bank of the Philippines (DBP) announced its approval of a P1.35-billion term loan for a hospital project in Batangas.

in a statement on thursday, the staterun bank said that the proceeds will be used to construct the 10-storey Level 2 hospital building of santo tomas doctors hospital and Medical Center inc. the project is set to have an initial capacity of 200 beds.

the DBP said the financing was approved under a program aimed at improving healthcare services in the country.

Earlier this month, the DBP extended a P450-million term loan to fund the medical facilities expansion spearheaded by the provincial government of Camarines norte.

a portion of the borrowings is allocated to build the new santa Elena district hospital’s 2-storey building with an initial capacity of 25 beds. the loan proceeds would also be used to build the new 3-storey Camarines norte Provincial hospital with an additional 50-bed capacity and the 2-storey Labo district hospital with 25-bed capacity. the rest is for acquisition of various hospital equipment and machinery.

the state-owned bank also recently inked an agreement with the local government of san Fernando, Pampanga and payments solutions providers i-pay MYEG Philippines inc. to streamline digital business payment processes of the city.

DBP President Emmanuel G. herbosa said the agreement is aimed at improving the automation of the business permits and licensing system of san Fernando while providing digital payment channels for the public.

DBP, under the partnership, is tasked to be the consolidator and settlement bank of all collections from the local government’s e-services systems, including the payment solution provider’s accredited electronic payment centers.

Tyrone Jasper C. Piad