DBP partners with top conglomerate for intensified support to poultry contract growers
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 G. Herbosa said the Bank has agreed to provide credit assistance to

By Staff Writer

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 G. Herbosa said the Bank has agreed to provide credit assistance to qualified poultry contract growers of the Charoen Pokphand Foods Philippines Corporation (CPFPC) after signing a Memorandum of Agreement (MOA) with the company.
“DBP is keen on funding more local poultry contract growers in line with its commitment to promote homegrown agricultural enterprises, and consequently spur economic activities in the countryside and buttress the National Government’s food security efforts,” Herbosa said.
DBP is the sixth largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; environment; social services and community development.
CPFPC is a corporation engaged in the production, processing, and marketing of poultry products in partnership with integrated partners. It is a subsidiary of the Charoen Pokphand Group, an agro-industrial and food conglomerate based in Thailand and one of the largest producers of poultry and pork in the world.
Under the MOA, CPFPC will endorse its existing and potential contract growers to DBP for possible funding support while DBP will evaluate and approve loan applications of qualified poultry contract growers for farm acquisition, development, rehabilitation and other pre-operating expenses.
DBP Senior Vice President for Lending Program Management Carolyn I. Olfindo said the bank has also re-opened its Broiler Contract Growing Program (BCGP) for new accounts with contract growing agreements with a DBP-partner integrator as well as existing accounts of good standing with proposed additional loans for expansion.
Olfindo said the DBP BCGP is designed to encourage contract growers to expand their businesses by financing poultry broiler contract growing projects through shortened loan processing.
“Moving forward, DBP will continue to assist contract growers to help boost agricultural productivity towards a stable and reliable food supply in the country,” she stressed.
As of March 31, 2022, DBP has 125 approved accounts under the BGCP with a total loan amount of P8.12-billion.
Article Information
Comments (0)
LEAVE A REPLY
No comments yet
Be the first to share your thoughts!
Related Articles

PH financial system remains resilient in second half of 2025 – BSP
The Philippine financial system sustained its resilience in the second semester of 2025, supported by sound balance sheet growth, stable funding conditions, and robust capital and liquidity buffers, according to the Bangko Sentral ng Pilipinas (BSP). The Philippine banking system accounted for 83.2 percent of total financial system resources as of end-December 2025. Total assets


