Development Bank of the Philippines earns dual recognition for HR excellence and leadership
The Development Bank of the Philippines (DBP), a founding member of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), has received the prestigious Asia Best Employer Brand Award for its outstanding human resources practices and organizational culture.
In a related honor, DBP’s Senior Vice President and Head of Human Resources Management, Romeo Carandang, was named Chief Human Resources Officer of the Year by the Mumbai-based Employer Branding Institute. The awards ceremony took place in Singapore, gathering top HR leaders and institutions from across the region. DBP has been conferred the prestigious Asia Best Employer Brand Award for its exemplary human resources practices and organizational culture.
Building a Future-Ready, People-Centered Institution
DBP President and CEO Michael O. de Jesus emphasized that the accolades reflect the bank’s commitment to “progressive and people-centered policies for attracting, developing, and retaining talents”—a cornerstone of its development financing mandate.
The bank was cited explicitly for:
- Strategic employee engagement and organizational development initiatives that foster institutional agility
- Robust talent acquisition, development, and succession planning frameworks
- Continuous upskilling and competency enhancement across its workforce
These efforts position DBP as a future-ready institution, capable of navigating complex development challenges while nurturing a high-performing, mission-driven team.
Advancing Development Through Human Capital
As the 10th largest bank in the Philippines by assets, DBP plays a pivotal role in financing four key sectors:
- Infrastructure and logistics
- Micro, small, and medium enterprises (MSMEs)
- Environmental sustainability
- Social services and community development
The recognitions confirm that DBP’s people are its greatest asset—driving inclusive growth, institutional resilience, and public sector excellence. They also support broader national efforts to honor the contributions of government employees in improving service delivery and development impact.
The awards were judged by an international panel of senior professionals from across Asia, highlighting DBP’s leadership in employer branding and human capital strategy.