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Published December 20, 2020, 6:30 AM The Development Bank of the Philippines (DBP)’s loan portfolio grew 13.91 per cent to P374.85-billion for the first nine months of the year, with the bulk, or P175.72-billion, going to the infrastructure and logistics sector, announced DBP President and Chief Executive Officer Emmanuel G. Herbosa. Social services followed, with P77.23-billion; environment projects, P43.12-billion; and micro, small, and medium enterprises, P26.48-billion.    DBP President...

December 18, 2020 | 5:21 pm Font Size AAA The Development Bank of the Philippines (DBP) saw its net profit drop by almost a third in the nine months to September, amid heightened loan loss provisions during the pandemic. The state-lender’s net profit stood at P3.24 billion as of September, declining by 26.69% from the P4.42 billion logged in the same period of 2019, it said in a statement on Friday. DBP Executive Vice President for Corporate Services and Concurrent Head of Operations...