MANILA, Philippines — DBP Leasing Corp. (DLC), a subsidiary of the state-owned Development Bank of the Philippines (DBP) was excluded from the list of government-owned and controlled corporations (GOCCs) proposed for abolition under House Bill (HB) 2867.

This was disclosed by DLC vice president Ronilo Bacolod after a meeting with Congressman Rufus Rodriguez at the House of Representatives in Quezon City.

Bacolod who is also head of the shipping operations, made a presentation of DLC’s accomplishments which include financial profitability, achievements in the implementation of the roll-on roll-off development routes, and business operations.

He thanked Congressman Rodriguez of DLC’s effort to remain truthful and credible in its advocacy towards “bridging islands, building communities” as proven in the number of vessels deployed in the Visayas region.

After justifying the existence of DLC, Congressman Rodriguez directed his chief of staff to delist DLC from the list of GOCCs proposed for abolition.

DLC vice president for corporate services Ricardo Romero pointed out the impact of DLC’s services in providing financial assistance through its lease or operating lease programs, a financial scheme that presents alternative to the traditional bank loans.

Romero said that this program is peculiar but popularly recognized by ship operators from the various regions of the country because it needs no collateral requirement.

DLC has expanded its leasing activity from lease financing of RoRo vessels to included real property, motor vehicles, industrial and mechanical equipment.