Total resources of the Philippines’ financial system have grown 6.4 percent to P34.59 trillion as of end-July 2025 from P32.5 trillion a year earlier, boosted by increases in funds and assets held by banks and non-banks, the latest Bangko Sentral ng Pilipinas (BSP) data showed.
Banks controlled 82.7 percent of the total resources, accounting for P28.6 trillion, up 6.8 percent at the end of July from P26.8 trillion at end-July 2024.
Continued growth in deposits, capital and bonds enabled banks and non-bank financial institutions (NBFIs) to expand their loan and investment portfolios,
The 44 big banks, or the universal and commercial banks, accounted for 77 percent of the banking resources — equivalent to P26.66 trillion, up 6.2 percent from the previous year’s P25.1 trillion.
The 42 thrift banks, meanwhile, had total resources of P1.37 trillion during the period, up by 23.4 percent from P1.11 trillion in 2024. These savings banks represent about 4 percent of the total.
As of end-July, the 374 rural and cooperative banks contributed P424.9 billion to the banking sector’s resources, down 11.3 percent from P478.9 billion.
The six digital banks posted a 33.2 percent increase in total resources to P141.7 billion from P106.4 billion a year earlier.
The BSP has a lag period in reporting NBFIs’ resources, with the latest being as of end-March, at P5.99 trillion, up 5 percent from P5.7 trillion in the year-earlier period. There are 1,566 NBFIs without quasi-banking functions and only five with lending activities similar to banks.
The banking industry — the core of the financial system — has maintained its growth momentum after the 2020 Covid pandemic, the BSP said in a report released in June.
Banks’ strong balance sheets and profitable operations also reflected a resilient financial sector, with risk-based capital and liquidity ratios exceeding regulatory thresholds, the BSP added.
