State-owned Development Bank of the Philippines (DBP) has partnered with the Philippine Institute of Volcanology and Seismology (PHIVOLCS) to integrate geohazard information into the bank’s risk management and lending operations.
Under the agreement, DBP will gain access to GeoRiskPH, PHIVOLCS’ science-based hazard information platform, to support evidence-based credit evaluations and data-driven business decisions.
“We view this partnership with PHIVOLCS as a tangible manifestation of how government agencies can strengthen their collaboration and leverage shared expertise in advancing a safer, more resilient, and sustainable Philippines,” DBP President and Chief Executive Officer Michael O. de Jesus said in a statement released Friday.
The partnership will allow DBP to use GeoRiskPH and its HazardHunterPH Pro application to assess the potential impact of natural hazards on loan collaterals, investments, acquired assets, branch locations, and other bank facilities.
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