DBP boosts deposits to fund growth projects

The state-owned Development Bank of the Philippines (DBP) is stepping up efforts to generate more deposits to strengthen its funding base and expand financing for high-impact development projects, a top official said.

DBP President and Chief Executive Officer Michael O. de Jesus said the bank launched its “Save 2 Win” campaign to attract fresh deposits from individual and institutional clients.

“We believe every deposit entrusted to DBP will help strengthen its capacity to finance transformative projects that will support economic growth, create jobs, and improve the lives of communities across the country,” de Jesus said.

DBP is the country’s 10th largest bank, with total assets of ₱1.036 trillion. It provides financing support to four priority sectors: infrastructure and logistics; micro, small and medium enterprises; environment; and social services and community development.

De Jesus said the campaign is expected to further expand DBP’s deposit base, which rose 15.51 percent to ₱413.41 billion in the second quarter from ₱357.91 billion a year earlier.

Under the promotion, eligible individual depositors can win cash prizes of up to ₱250,000, while winning institutional depositors can receive gift certificates.

The campaign also aims to encourage saving and promote greater financial inclusion, particularly among underbanked and unbanked Filipinos.

“We hope to inspire more Filipinos to save not only for achieving their personal financial goals but also for contributing to nation-building and achieving sustainable progress,” de Jesus said.

The “Save 2 Win” promotion is open to eligible depositors at DBP branches nationwide until Dec. 31, 2026. Details of the promotion are available through the DBP website.