DBP surpasses financial targets in 2024-Department of Finance

  • DBP surpasses financial targets in 2024-Department of Finance
  • DBP surpasses financial targets in 2024-Department of Finance
  • DBP surpasses financial targets in 2024-Department of Finance
  • What changes are being made to the DBP's charter?
  • The Department of Finance (DOF) has already submitted proposed changes in the DBP’s charter, as well as that of the Land Bank of the Philippines. Among key amendments to the DBP’s charter is the increase in its authorized capital stock to P300 billion, an over 700-percent increase from the current level of P35 billion.
  • Will DBP return to debt market?
  • DBP president and CEO Michael de Jesus said the bank would return to the debt market toward the end of the year as part of its fundraising activities. MANILA, Philippines — State-run Development Bank of the Philippines plans to raise over P30 billion from a bond issuance in the fourth quarter of the year.
  • How much money will DBP raise from a bond issuance?
  • MANILA, Philippines — State-run Development Bank of the Philippines plans to raise over P30 billion from a bond issuance in the fourth quarter of the year. DBP president and CEO Michael de Jesus said the bank would return to the debt market toward the end of the year as part of its fundraising activities.
  • How did the Development Bank of the Philippines perform in 2019?
  • The Development Bank of the Philippines (DBP) has surpassed all its financial targets in 2019, with total assets growing 14 percent to P762.27 billion and gross income rising 26 percent to P32.87 billion, a report to Finance Secretary Carlos Dominguez III has shown.
  • Will DBP be listed on the Philippine Stock Exchange?
  • Amending DBP’s charter would also allow the bank to be listed on the Philippine Stock Exchange as early as next year. DBP’s charter was last amended in 1998, which raised the bank’s authorized capital stock to P35 billion from P5 billion. DBP is the eighth largest bank in the country in terms of assets.
  • How did DBP's capital grow last year?
  • DBP president-CEO Emmanuel Herbosa said in his report that last year, the Bank’s capital expanded 16.57 percent to P60.29 billion, which was at a faster pace than the average growth rate of 11.04 percent over the 2016-2018 period.

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