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DBP Income Surges to P1.6B in Q1
The Philippine Star
|June 11, 2025
State-run Development Bank of the Philippines (DBP) saw its bottom line surge by more than 80 percent, reaching P1.6 billion in the first quarter on improved lending activities.
In a statement, DBP said its net income soared by 82 percent to P1.61 billion from January to March compared to last year's P571 million.
DBP president and CEO Michael de Jesus said the increase was driven by higher interest income from its lending and investment portfolios.
Likewise, DBP posted a nine-percent improvement in total deposits to P821 billion while the bank's total loans reached P519 billion.
This story is from the June 11, 2025 edition of The Philippine Star.
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