DBP intensifies funding support to poultry contract growers

by The Manila Times

Jul 31, 2022 12:25 am

STATE-OWNED Development Bank of the Philippines (DBP) is looking to strengthen its lending support to poultry contract growers through its partnership with the local subsidiary of an international agro-industrial and food conglomerate, a top official said.

DBP President and Chief Executive Officer Emmanuel Herbosa said the bank has agreed to provide credit assistance to qualified poultry contract growers of the Charoen Pokphand Foods Philippines Corp. (CPFPC) after signing a memorandum of agreement (MoA) with the company.

Present during the signing of the memorandum of agreement are (from left) CPF Philippines Vice President Phaisarn Rewriab; CPF Philippines Chief Finance Officer Supakitti Bunvet; CPF Philippines President Udomsak Aksornphakdee; DBP Senior Vice President Carolyn Olfindo; and DBP Assistant Vice President Rallen Verdadero. CONTRIBUTED PHOTO

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