The Development Bank of the Philippines (DBP), a state-owned bank, has announced an aggressive deposit generation campaign to widen its funding base and support its lending activities, according to a top official.
DBP President and Chief Executive Officer Michael de Jesus said the bank aims to increase its deposit base to fund various lending programs, particularly for infrastructure and other development projects. The campaign is part of DBP's strategy to reduce reliance on borrowings and strengthen its financial position.
As of the end of 2025, DBP's total deposits stood at approximately 1.2 trillion pesos, up from 1.1 trillion pesos in the previous year, according to the bank's latest financial report. The bank plans to grow this further through new deposit products and enhanced customer service.
The move comes as the Philippine government continues to push for infrastructure development, with DBP playing a key role in financing public-private partnership projects. The bank's lending portfolio has grown by 15% year-on-year, driven by demand from the energy, transportation, and water sectors.
DBP's deposit campaign is expected to help the bank meet its target of increasing its loan book by 20% in 2026, while maintaining a healthy capital adequacy ratio above the regulatory minimum.
