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DBP needs longer dividend relief to recover MIC capital
December 2, 2025
|Manila Bulletin
State-run Development Bank of the Philippines (DBP) will continue to seek regulatory and dividend relief for several more years as it aims to recover the capital it infused into the Maharlika Investment Corp. (MIC).
DBP President and Chief Executive Officer Michael O. de Jesus told reporters last week that the bank, which has enjoyed dividend relief for over six years, plans to seek yearly dividend relief for another five to seven years.
The plan will be evaluated annually, according to De Jesus.
“For the dividend relief, my answer is five to seven years. As for the regulatory relief, let's see — hopefully in about two years, we may no longer need it,” he said.
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