State-owned Development Bank of the Philippines’(DBP) net income surged to P1.61-billion in the first quarter of 2025, showing a hefty 82 percent increase from the P571-million recorded in the same period last year, as the Bank continued to ramp up lending activities to its priority sectors and key industries, a top official said.
DBP President and Chief Executive Officer Michael O. de Jesus said the Bank’s resurgent financial performance was driven largely by 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 benefitted from the stable macroeconomic environment brought about by the sound economic policies of President Ferdinand Marcos, Jr.,” de Jesus said.
DBP is the 10th largest bank in the country in terms of assets and provides credit support to four priority sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development. It has a branch network of 150 including 14 branch lite units that are located in underserved areas in the country.
De Jesus said DBP’s total assets breached the trillion-peso mark, hitting P1.04-trillion or a seven percent increase from the P977-billion posted in March 2024 while its net worth stood at P97-billion, up by 11 percent from the P87-billion during the same period last year.
He said total deposits grew to P821-billion, reflecting a nine percent year-on-year increase from the P756-billion recorded last year while loans to borrowers rose by two percent to P519-billion from P509-billion during the same period last year.
“About 60% 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.
De Jesus said DBP provided P96.7-billion in loans to projects for social infrastructure and community development, P47-billion for environment-related projects, and P25-billion for micro, small, and medium enterprises.
He said the Bank will continue to be aggressive in pushing for programs in support of the National Government’s economic agenda, especially those that promote infrastructure development, food sufficiency, and energy security, while ensuring that it remains responsive to the banking needs of its clients.
‘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.
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