(**Agency**) State-owned Development Bank of the Philippines (DBP) led a syndicate of banks in providing P5-billion funding support to partially finance completion of the Makati Life Nurture Medical Center, formerly the Ospital ng Makati 2 project, which would be situated at the heart of the country’s premiere business district, a top official said.

DBP President and Chief Executive Officer Emmanuel G. Herbosa said that the facility was arranged by GIV Capital and co-arranged by DBP and Land Bank of the Philippines. Union Bank of the Philippines participated as co-lender.

‘’This project will help address the growing needs of the country’s health infrastructure landscape,’’ Herbosa said. “It also responds to the pressing need to develop an efficient, effective and responsive health system that delivers affordable and quality care.’’

DBP is the fifth 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; the environment; and social services and community development. The DBP Board of Directors approved the credit assistance in 2021.