The Market Monitor Minding the Nation's Business
The Development Bank of the Philippines (DBP) posted a net income of P1.61 billion in the first quarter of 2025, marking an impressive 82% jump from the P571 million it recorded during the same period last year. The surge came as the state-owned bank ramped up its lending efforts to key sectors and industries, according to a top executive.
DBP President and CEO Michael O. de Jesus attributed the strong showing to increased interest income from both lending operations and the bank’s 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.
Ranked as the 10th largest bank in the Philippines by assets, DBP focuses its financing support on infrastructure and logistics, micro, small and medium enterprises (MSMEs), environmental projects, and social services. Its extensive branch network includes 150 branches and 14 branch lite units, many of which are located in underserved communities.
DBP’s total assets crossed the trillion-peso threshold, reaching P1.04 trillion by the end of March 2025—a 7% increase from P977 billion the year before. Its net worth also rose 11% to P97 billion, compared to P87 billion during the same period last year.
The bank’s deposit base expanded to P821 billion, up 9% year-on-year from P756 billion, while loans to borrowers increased by 2% to P519 billion from P509 billion.
“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.
He also noted that the bank disbursed P96.7 billion for social infrastructure and community development, P47 billion for environment-focused projects, and P25 billion for MSMEs.
Looking ahead, de Jesus reaffirmed the bank’s commitment to supporting the National Government’s economic priorities.
“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.