DBP sustains loan portfolio growth

State-owned Development Bank of the Philippines (DBP) sustained the growth momentum of its loan portfolio, releasing a total of P374.85-billion in loans to borrowers for the first nine months of the year, which reflected a 13.91 percent increase from the P329.07-billion disbursed during the same period in 2019, a top official said.

DBP President and Chief Executive Officer Emmanuel Herbosa said a substantial part of the loan releases amounting to P175.72-billion went to the infrastructure and logistics sector; followed by loans to social services, P77.23-billion; environment projects, P43.12-billion; and micro, small, and medium enterprises, P26.48-billion.