THE Development Bank of the Philippines (DBP) announced it is undertaking an aggressive deposit generation campaign to widen its funding base to support its various lending activities.
DBP President and CEO Michael O. de Jesus announced that the state-owned lender has launched a ‘Save 2 Win’ promotion to generate fresh deposits from both individual and institutional depositors to expand in financing activities geared towards high-impact developmental projects.
According to De Jesus, the campaign is expected to widen DBP’s deposit base, which grew by 15.51 percent to P413.41 billion in the second quarter of the year from P357.91 billion for the same period last year.
He added that the campaign offers cash prizes of up to P250,000 to winning individual depositors and gift certificates to winning institutional depositors, which also aims to promote greater financial inclusion, especially among underbanked and unbanked segments of the population.
‘We believe every deposit entrusted to DBP will help strengthen its capacity to finance transformative projects that will support economic growth, create jobs, and improve the lives of communities across the country,’ de Jesus was quoted in a statement as saying.
‘We hope to inspire more Filipinos to save not only for achieving their personal financial goals but also for contributing to nation-building and achieving sustainable progress,’ he added.
The ‘Save 2 Win’ promo is open to eligible depositors in all DBP branches nationwide and will run until December 31, 2026. Mechanics of the promotion can be accessed through the DBP website, read the lender’s statement.