Bangsamoro government acquires shares in DBP for Al-Amanah, promotes financial inclusion in the region.
The Bangsamoro government aims to acquire shares of the Development Bank of the Philippines in the Al-Amanah Islamic Investment Bank. This move, approved by the Intergovernmental Fiscal Policy Board, will reduce the required minimum capitalization for establishing a universal bank and promote financial inclusion in the Bangsamoro Autonomous Region. The acquisition is expected to enhance socio-economic development and support vital infrastructure and social projects in the region.
September 09, 2024
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