State-owned Development Bank of the Philippines (DBP) boosted its net income in the first quarter of 2025 by 82 percent to P1.61 billion, driven by increased lending for infrastructure and logistics projects across Luzon and the Visayas.

DBP on Tuesday reported that the latest profit figure marked a significant jump from the P571 million recorded during the same period in 2024.

DBP President and Chief Executive Officer Michael de Jesus said loans for infrastructure and logistics stood at P314.7 billion, accounting for 60 percent of the bank’s loan portfolio in the first quarter.

"The amount went to the infrastructure and logistics sector with most of the projects located in the National Capital Region, Central Luzon, Davao, Eastern Visayas, and Central Visayas," he said.

In addition to infrastructure, DBP also supported social infrastructure and community development projects with P96.7 billion in loans. Environmental projects received P47 billion, while micro, small, and medium enterprises (MSMEs) obtained P25 billion in funding.

Total loans grew by 2 percent year-on-year to P519 billion from P509 billion. Meanwhile, total deposits rose by 9 percent to P821 billion, up from P756 billion last year.

Given these figures, DBP's total assets reached P1.04 trillion, rising by 7 percent from P977 billion year-on-year.

"We expect another banner year for the bank given the favorable economic landscape even as we pursue more programs and initiatives that would contribute positively towards the deep economic and social transformation as embodied in the Philippine Development Plan 2023 to 2028," De Jesus said.

DBP is the country’s 10th largest bank in terms of assets and provides financial support to critical sectors that generate employment and drive long-term economic growth.

The government bank operates through 150 branches, including 14 branch-lite units in underserved areas across the country.