(Journal Online) State-owned Development Bank of the Philippines (DBP) is set to launch the fourth batch of scholars under its flagship corporate social responsibility (CSR) initiative, the DBP Resources for Inclusive and Sustainable Education (RISE) scholarship program, a top official said.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said that under the DBP RISE, 510 deserving students from underprivileged Filipino families will be able to pursue tertiary education in 10 DBP-accredited partner Higher Educational Institutions (HEI).
“The 4th year of implementation of DBP RISE serves as a renewal of commitment of DBP with the education sector as it continues to evolve and adapt to the challenges posed by the pandemic and a changing socio-economic environment,” Herbosa said.
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; environment; social services and community development.
The DBP RISE is the bank’s primary CSR program on education that grants financial assistance to scholars enrolled in engineering, architecture, real estate management, accountancy, education, sciences, agriculture and forestry, allied medical courses, maritime, hospitality, information technology and technical vocational courses. It was launched in 2018 and has a total funding of P500-million spread over five years… Read More
