DBP H1 net income jumps 60% to P4.42B

by The Manila Times

Aug 16, 2023 12:08 am

STATE-OWNED Development Bank of the Philippines (DBP)'s net income for the first six months of 2023 rose 60 percent to hit P4.42 billion.

DBP President and Chief Executive Officer Michael de Jesus said the increase was fueled largely by a hike in foreign currency profits on its foreign books and nonrecurring gains from the disposal of real and other properties acquired.

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