DBP net income climbs 17% in first quarter

May 27, 2023 12:24 am

THE net income of the Development Bank of the Philippines (DBP) increased 17 percent to P1.23 billion in the first quarter of 2023, up from P1.05 billion in the same period last year.

Michael de Jesus, DBP president and chief executive officer, stated that larger interest income from expanded lending activities to vital sectors of the Philippine economy as a result of increasing business activity propelled the bank's double-digit revenue growth.

Development Bank of the Philippines

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