DBP launches ‘Unlad Pinoy Awards’

The Development Bank of the Philippines (DBP) has launched the Outstanding DBP Entrepreneurs and Most Environmentally-Responsive Corporation(s) in line with its mandate to support the growth and development of entrepreneurship in the country.

DBP president and chief executive officer Simon R. Paterno said that "Unlad Pinoy Awards," is being undertaken in recognition of the bank’s retail borrowers. These particular borrowers should have made a positive impact on their communities and have contributed significantly to the upliftment of the standard of living of workers in the area despite the difficult economic scenario last year.

Paterno in a statement said that this would be the first time that DBP will be giving awards to its most environment-friendly corporations consistent with its ISO-14001 certification early last year.

Eligible for nomination are entrepreneurs and corporations whose projects were directly financed under the bank‚s retail lending facilities. These must have been operating successfully for at least two years, with up-to-date accounts at the time of nomination, and should not have been restructured.

Nominees for the outstanding entrepreneur category will be subject to screening and evaluation based on social significance, rate of growth and project management.

On the other hand, qualified nominees for the environmentally-responsive corporations must have undertaken initiatives in minimizing or eradicating environmental risks and/or in promoting environmental due diligence and management in its operations; and must be well managed and up-to-date in payment of account.

A branch screening committee for finalists from the DBP branches and regional management offices (RMOs) will conduct screening and evaluation of qualified projects/entrepreneurs and corporations. And a Metro Manila screening committee for finalists from among the nominees of the DBP’s corporate banking sector (CBS) and development banking sector (DBS). The bank’s management committee will render the final decision.