DBP approves P250M loan to Pasig Doctors Medical Center

The Development Bank of the Philippines (DBP) has granted a P250-million loan to Pasig Doctors Medical Center, Inc. (PDMCI) for the construction of a hospital building and purchase of medical equipment.

In a statement Tuesday, DBP said the loan would be primarily used for the construction of a 99- bed, Level 3 hospital building in Manggahan, Pasig City.

The DBP loan to PDMCI is funded under the Sustainable Health Care Investment (SHCI) program.

Funded by the Asian Development Bank, SHCI is a $50 million credit facility which finances projects to help achieve health-related Millennium Development Goals of the Philippines.

SHCI aims to upgrade local government health services, promote more efficient health delivery systems through public-private partnership (PPP) and innovative strategies, improve access to small-scale providers, and enhance institutional capacity for health sector lending.

SHCI also extends credit for health care investment projects that promote availability, accessibility, and affordability of health care services to people belonging to the lowest income group.

Anthony Robles, DBP executive vice president and branch banking sector head, said the initiative will translate to efficient and affordable health care services that will more adequately respond to the needs particularly of the residents of Pasig City and nearby communities.

He said the project is also in line with the government’s program in promoting wellness and medical tourism in the country.

PDMCI chairman Danilo Constantino II thanked the DBP for the speedy processing of the loan. — KBK, GMA News