Development Bank of the Philippines (DBP) said Tuesday its net income surged 82 percent to P1.61 billion in the first quarter of 2025, on the back of increased lending to priority sectors and key industries.
DBP president and chief executive Michael de Jesus attributed the “resurgent financial performance” to significant increases in interest income from its lending and investment portfolio.
“DBP’s strong financial performance in the first quarter is reflective of the robust performance of the local banking industry that has greatly benefited from the stable macroeconomic environment brought about by the sound economic policies of President Ferdinand Marcos Jr.,” de Jesus said in a statement.
DBP, the Philippines’ 10th largest bank by assets, provides credit support to four priority sectors: infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development. It has 150 branches, including 14 “branch lite units” in underserved areas.
The bank’s total assets surpassed the P1 trillion mark, reaching P1.04 trillion, a 7-percent increase from P977 billion in March 2024. Its net worth rose 11 percent to P97 billion from P87 billion in the same period last year.
Total deposits grew 9 percent year-on-year to P821 billion from P756 billion, while loans to borrowers increased 2 percent to P519 billion from P509 billion.
“About 60 percent of DBP’s total loans, or P314.7 billion, went to the infrastructure and logistics sector with most of the projects located in the National Capital Region, Central Luzon, Davao, Eastern Visayas, and Central Visayas,” de Jesus said.
He said the DBP provided P96.7 billion in loans for social infrastructure and community development projects, P47 billion for environment-related projects, and P25 billion for micro, small, and medium enterprises.
De Jesus said the bank would continue to aggressively pursue programs supporting the National Government’s economic agenda, especially those promoting infrastructure development, food sufficiency, and energy security, while remaining responsive to its clients’ banking needs.
“We expect another banner year for the bank given the favorable economic landscape even as we pursue more programs and initiatives that would contribute positively towards the deep economic and social transformation as embodied in the Philippine Development Plan, 2023 to 2028,” he said.
