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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 and Chief Executive Officer Emmanuel G. Herbosa  “As the premiere infrastructure bank of the cou...

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 Marietta M. Fondevilla said the lower income was mainly caused by higher provisioning for credit lo...