MANILA, Feb. 22 -- Finance Secretary Ralph G. Recto has said the Department of Finance (DOF) is exploring the amendments to the charters of the Land Bank of the Philippines (LandBank) and Development Bank of the Philippines (DBP) "to broaden capital market".

In a statement on Thursday, the finance department said Recto made the statement in his speech at a reception hosted by the Philippine Stock Exchange in its headquarters in Bonifacio Global City on Feb. 21, 2024.

"We are exploring the amendments to the charters of the Land Bank of the Philippines and the Development Bank of the Philippines, including their possible public listing, to broaden the local capital market," said Recto.

In a separate message to reporters, Recto said the D...