State-owned Development Bank of the Philippines’ (DBP) net income surged to P7.1-billion in 2024—its highest in the past 10 years—representing a 20% increase from 2023 as the Bank ramped up its lending activities to key sectors in support of the Marcos, Jr. Administration’s socio-economic agenda, a top official said.
Tag: DBP President and Chief Executive Officer Michael O. de Jesus
DBP Wins International Award On Sustainability
State-owned Development Bank of the Philippines (DBP) has garnered an international award from a regional research organization for its pioneering sustainability initiatives in the country, a top official said.
DBP feted by international body for renewable energy facility
State-owned Development Bank of the Philippines (DBP) has been recognized by an international body of development financing institutions for its pioneering financing facility that focuses on the development and growth of the renewable energy sector, a top official said.
DBP OKs P4-B loan for Cabuyao infra build-up
State-owned Development Bank of the Philippines (DBP) has granted a P4-billion credit assistance to the city government of Cabuyao to finance key public infrastructure projects in the first-class component city of Laguna, a top official said.
DBP to bankroll P3-B Mandaue government center
State-owned Development Bank of the Philippines (DBP) has granted a P3-billion loan to the local government unit (LGU) of Mandaue City for the construction of […]
DBP eyes pact with CL state firms, LGUs
State-owned Development Bank of the Philippines (DBP) is actively engaging several state corporations based in Central Luzon in a bid to expand its services to […]
DBP Opens New Office of Lipa Lending Center in Lipa City
State-owned Development Bank of the Philippines (DBP) has opened the new lending offices of DBP Lipa Lending Center and DBP South Luzon Lending Group in […]
DBP eyes renewed push for amendments in corporate charter
State-owned Development Bank of the Philippines (DBP) is working closely with the Department of Finance (DOF), state regulators and legislators in introducing reforms in its […]
DBP eyes broader role in big-ticket infra projects with bond proceeds
State-owned Development Bank of the Philippines (DBP) has expressed renewed interest in providing financing to critical public infrastructure projects as it seeks optimal mobilization of […]
DBP bankrolls modern farm project in Nueva Ecija
State-owned Development Bank of the Philippines (DBP) has extended a P116-million term loan for the construction of a swine bio-secured farm project in Nueva Ecija […]
DBP lends P2-B for infra and climate change projects in Palawan
State-owned Development Bank of the Philippines (DBP) has extended a P2-billion loan to the Provincial Government of Palawan to support vital public infrastructure projects including […]
DBP Bags Five Awards for Investment Deals
State-owned Development Bank of the Philippines (DBP) has won five awards from an association of investment houses for its laudable contributions in advancing the development […]
