Development Bank of the Philippines

Also known as DBP

The Development Bank of the Philippines (DBP) is a state-owned financial institution focused on funding projects aligned with national development goals, including infrastructure and social programs. DBP recently raised P8.25 billion from its bond offering to support economic expansion, particularly in underserved areas. The bank also reported an 82% growth in net income for the first quarter of 2025, reflecting increased lending activities and interest income.

This is an AI-generated summary based on recent coverage.
Last updated at July 31, 2025.

Recent stories about DBP

DBP raises P8.25B from oversubscribed bond offering

State-owned Development Bank of the Philippines (DBP) successfully raised P8.25 billion from its latest dual local bond offering on Thursday, marking the seventh drawdown under its expanded P150-billion bond program.
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LTFRB meets GFIs to aid jeepney loan woes

The Land Transportation Franchising and Regulatory Board (LTFRB) is set to meet with government financing institutions to assist operators of modernized jeepneys struggling with their loan obligations under the Public Transport Modernization Program.
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Marcos accepts resignations, retains key figures in admin shake-up

President Ferdinand Marcos Jr. has accepted the courtesy resignations of several government officials while retaining key figures as part of his ongoing evaluation process.
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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.
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Gil Buenaventura, RCBC's former president, dies

Veteran banker Gil Buenaventura passed away on Monday, April 21, according to an announcement by Rizal Commercial Banking Corp. (RCBC).
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Gloria Diaz reveals 28-yr relationship, rules out marriage

Former Miss Universe Gloria Diaz, 73, revealed during an interview at the press conference of her horror movie 'Untold' on March 31 that she has been in a relationship with Michael O. De Jesus, President and CEO of the Development Bank of the Philippines, for 28 years.
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DTI launches ₱500M e-wallet loan for micro-enterprises

The Department of Trade and Industry (DTI) plans to launch a loan program for micro-entrepreneurs through e-wallet platforms like GCash and Maya, aiming to support small businesses such as sari-sari stores and wet markets.
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Accountant files graft complaints against Roxas City officials over P402M unauthorized time deposits

On Tuesday, March 11, accountant Carmen Andrade filed graft complaints with the Office of the Ombudsman-Iloilo against Roxas City Mayor Ronnie Dadivas, City Treasurer Mimi Riano, and City Accountant Teresita Bidiones over unauthorized time deposits totaling P402 million.
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DBP reports 20% net income growth, highest in 10 years

State-owned lender Development Bank of the Philippines (DBP) reported a net income growth of 20% in 2024, reaching its highest level in ten years at P7.1 billion.
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SC schedules oral arguments on GAA and Maharlika Fund constitutionality

The Supreme Court (SC) has scheduled oral arguments for April to address petitions challenging the constitutionality of the 2025 General Appropriations Act and the Maharlika Investment Fund Act.
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