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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.
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El gobierno de Bangsamoro adquiere acciones en DBP para Al-Amanah, promueve la inclusión financiera en la región.