Executive Order No. 8 (2022) — the various programs of the DBP aim to address gaps in the agricultural sector and increase the resilience of the agricultural value chain in the pursuit of national food security, as well as to provide credit support for infrastructure and logistics facilities, micro, small and medium enterprises, environment and social services and community development to drive immediate economic growth and recovery;

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Executive Order No. 8 (2022)

the various programs of the DBP aim to address gaps in the agricultural sector and increase the resilience of the agricultural value chain in the pursuit of national food security, as well as to provide credit support for infrastructure and logistics facilities, micro, small and medium enterprises, environment and social services and community development to drive immediate economic growth and recovery;

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Section 1 · Adjustment of Dividend Rate Section 2 · Coverage Section 3 · Effectivity

Section 1

Adjustment of Dividend Rate

Section 1.

Adjustment of Dividend Rate. Pursuant to Section 5 of RA No. 7656, the percentage of net eamings to be declared and remitted by the DBP to the National Government for CY 2021 is adjusted from fifty percent (50%) of its annual net eamings to 0%.

Section 2

Coverage

Section 2.

Coverage . The adjusted dividend rate set forth in Section 1 of this Order is applicable only to the DBP for CY 2021.

Section 3

Effectivity

Section 3.

Effectivity. This Order shall take effect immediately.

DONE, in the City of Manila, this 9th day of December, in the year of our Lord, Two Thousand and Twenty-Two.

By the President:

LUCAS P. BERSAMIN Executive Secretary