DBP hits ₱1-trillion asset mark

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State-run Development Bank of the Philippines is now a trillion-peso bank on strong deposit levels posted in 2020.

DBP President and Chief Executive Officer Emmanuel Herbosa attributed this to the 47.6% increase in deposits amounting to ₱817.9 billion compared to the ₱554.18 billion in 2019.

"DBP’s latest milestone manifests the public's continued confidence in DBP as a strong, stable, and reliable financial institution," Herbosa was quoted as saying in a statement issued Thursday.

 

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