DBP reports P1.6B net income, 82% growth

State-owned Development Bank of the Philippines (DBP) reported a significant increase in net income to P1.608 billion for the first quarter of 2025, marking an 82% growth from the same period last year.

The bank attributed its earnings growth to increased lending activities and interest income from its portfolio, with loans rising to P519 billion from P509 billion a year ago.

DBP's total assets surpassed one trillion pesos, reaching P1.04 trillion, a 7% increase from the previous year.

Loans to infrastructure and logistics sectors accounted for about 60% of DBP’s total loans, totaling P314.7 billion, with significant allocations in key regions like National Capital Region, Central Luzon, Davao, Eastern Visayas, and Central Visayas.

The bank also provided substantial funding for social infrastructure, community development, environmental projects, and micro, small, and medium enterprises.

DBP president Michael de Jesus expressed optimism for another successful year, citing the favorable economic landscape under President Ferdinand Marcos Jr.'s policies.

With a branch network of 150 locations, including 14 branch lite units in underserved areas, DBP continues to support key sectors of the Philippine economy.