DBP rolls out deposit campaign to widen funding base
State-run Development Bank of the Philippines (DBP) is seeking to attract more deposits to expand its funding base to various support lending activities.
The Development Bank of the Philippines (DBP) has announced a new deposit campaign aimed at broadening its funding sources to support various lending initiatives. In a recent announcement, DBP president and CEO Michael de Jesus revealed the launch of the "Save 2 Win" initiative, targeting both individual and institutional depositors.
De Jesus emphasized that every deposit with DBP will bolster the bank's ability to finance high-impact development projects that contribute to economic growth, job creation, and improved community well-being.
Since the start of the second quarter, DBP's deposit base has increased by 15.5 percent, reaching P413.41 billion, up from P357.91 billion the previous year. The campaign offers attractive prizes: up to P250,000 for individual depositors who meet the criteria, and gift certificates for institutional depositors. The primary goal of "Save 2 Win" is to promote greater financial inclusion, especially among the underbanked and unbanked sectors of the population.
De Jesus highlighted the campaign's broader mission, stating, "We aspire to inspire Filipinos to save, not only for personal financial objectives but also to contribute to nation-building and sustainable progress." Open to eligible depositors across all DBP branches nationwide, the "Save 2 Win" campaign will continue until December 31.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
