DBP president and chief executive Michael de Jesus said the increase was fueled by a hike in foreign currency profits on its foreign books and non-recurring gains from the disposal of real and other properties acquired. READ MORE:
DBP president and chief executive Michael de Jesus said the increase was fueled by a hike in foreign currency profits on its foreign books and non-recurring gains from the disposal of real and other properties acquired.
DBP is the eighth largest bank in the country in terms of assets and remains a relevant and reliable partner of the government in serving the financing needs of strategic and critical economic sectors, particularly infrastructure and logistics, micro, small and medium enterprises, social services and the environment.He said loans for infrastructure and logistics accounted for the bulk of outstanding exposure at P281.
DBP said that from January to June this year, it provided P35.38 billion in loans for the agriculture sector, P79.93-billion for other developmental loans such as financial and insurance activities, including manufacturing, wholesale and retail trade and food services, P54.43-billion for environment-related projects and P30.23-billion to support micro, small and medium enterprises.
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DBP’s first-half income jumped 60% to P4.42 billionDBP president and chief executive Michael de Jesus said the increase was fueled by a hike in foreign currency profits on its foreign books and non-recurring gains from the disposal of real and other properties acquired. READ MORE:
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