Development Bank of the Philippines, also known as DBP, has almost 140 branches as of this writing. With assets close to P670-billion in 2018, It is considered the eight-largest bank in the Philippines in terms of assets. It has the distinct honor of being considered the second-largest state-owned bank. Insomuch, it is one of the largest government-owned corporations in the Philippines. This bank goes all the way back to the Philippines Commonwealth Era to manage several government trusts funds. Today it is considered a universal bank.