MANILA, Philippines – State-owned Development Bank of the Philippines (DBP) posted a net income of PHP 1.61 billion in the first quarter of 2025, a surge of 82 percent from the previous PHP 571 million recorded in the same period last year, a top official said.
According to DBP President and Chief Executive Officer Michael O. de Jesus, 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.
He also revealed that DBP’s total assets breached the trillion-peso mark, hitting PHP 1.04 trillion or a seven percent increase from the PHP 977 billion posted in March 2024, while its net worth stood at PHP 97 billion, up by 11 percent from the PHP 87 billion during the same period last year.
De Jesus highlighted the nine percent year-on-year increase of the bank’s total deposits, as reflected by the PHP821 billion in total deposits, compared to the PHp756 billion recorded last year, while loans to borrowers rose by two percent to PHP 519 billion from the PHP 509 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 stated.
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 DBP 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 favourable 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,” de Jesus mentioned.
As the country’s 10th largest bank in terms of assets, DBP stated that it 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, DBP said.
