DBP net income surges 82% in Q1 on strong lending

DBP net income surges 82% in Q1 on strong lending

State-run Development Bank of the Philippines (DBP) reported that its net income surged to ₱1.61-billion in the first quarter of the year, an 82 percent increase from a year earlier due to intensified lending activities in its priority sectors and key industries.In a statement, DBP President and Chief Executive Officer Michael O. de Jesus. De Jesus noted that the significant increase in interest income from bank’s lending and investment portfoli…

Understanding Net Income: The Bottom Line of Company Earnings

Highlights Net income represents a company’s total earnings after all expenses. It accounts for costs, depreciation, interest, taxes, and other business expenses. Serves as a key indicator of a company’s profitability and financial health.   Net income is one of the most important financial metrics used to evaluate the profitability of a company. It reflects the total earnings a business generates after deducting all relevant expenses associate…