Bangsamoro government to buy DBP shares in Islamic bank

Quick Summary:

THE Bangsamoro Government is set to acquire the shares of state-run Development Bank of the Philippines (DBP) in Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), according to the Department of Finance (DOF).

The Intergovernmental Fiscal Policy Board (IFPB) co-chaired by Finance Secretary Ralph G.

Currently, the DBP owns 99.9 percent of AIIBP’s capital stock when the Al-Amanah bank became its subsidiary in 2008.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Islamic Al-amanah Aaiibp Shares Bank Philippines Bangsamoro Transfer Finance Government Development

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 16:04:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22433947

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