CLARK FREEPORT— The relocation of the Development Bank of the Philippines’ Clark branch signals growing confidence in the continued expansion of the Clark Freeport Zone, Clark Development Corp. president and CEO Atty. Agnes VST Devanadera said during the branch’s inauguration on June 18.
Now located at the ground floor of the Our Lady of Mt. Carmel Medical Center-Clark along Ninoy Aquino Avenue, the branch positions DBP to continue serving the growing financial requirements of businesses, investors, workers, and communities in the rapidly developing freeport.
Speaking before DBP officials, government partners, and business stakeholders, Devanadera highlighted the state-owned bank’s longstanding role in supporting development initiatives and economic growth across the country.
She noted that Clark now hosts more than 1,200 locators and over 150,000 workers, underscoring the expanding opportunities for financial institutions supporting investments in the Freeport.
“This is the kind of economic activity that DBP can look forward to. This is the kind of development and nation-building that we can really consider to be in partnership with,” Devanadera said.
She also cited DBP’s support for major national infrastructure projects, including facilities in New Clark City, as an example of the bank’s continuing role in creating opportunities and enabling progress.
CDC chairperson Atty. Edgardo Pamintuan echoed the importance of development financing in transforming communities, recalling how support from DBP helped Angeles City recover and rebuild following the devastation brought by the 1991 Mt. Pinatubo eruption and subsequent lahar flows.
“We built possibilities. Lahat ng imposible, puwede. Bagsak na nga tayo, e ‘di tatayo tayo,” Pamintuan said as he recounted Angeles City’s recovery efforts during his time as mayor.
He also acknowledged DBP’s assistance in financing critical local development projects that contributed to the growth of Metro Clark.
DBP chairperson Philip Lo and president and CEO Michael De Jesus welcomed guests to the inauguration and reaffirmed the bank’s commitment to supporting development initiatives and economic growth in Central Luzon.
The inauguration marks another milestone in the longstanding partnership between DBP and CDC, both of which share a commitment to advancing inclusive growth, infrastructure development, and nation-building.
As Clark continues its transformation into a global model of sustainable investment, the presence of development-oriented financial institutions such as DBP is expected to further support investment generation and economic activity in the freeport. CDC-PR
