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Keisha Ta-Asan - The Philippine Star
February 18, 2026 | 12:00am
BSP data showed that the assets of banks and non-bank financial institutions rose from P34.17 trillion in the same period a year ago. These resources refer to funds and assets such as deposits, capital, bonds and other debt securities held by BSP-supervised entities – from banks to pawnshops.
Philstar.com / Irra Lising
MANILA, Philippines — The total resources of the country’s financial system expanded by 8.1 percent to P36.93 trillion as of end-2025, driven mainly by sustained growth in bank assets, according to the Bangko Sentral ng Pilipinas.
BSP data showed that the assets of banks and non-bank financial institutions rose from P34.17 trillion in the same period a year ago. These resources refer to funds and assets such as deposits, capital, bonds and other debt securities held by BSP-supervised entities – from banks to pawnshops.
Last year’s growth was largely fueled by the 8.7-percent expansion in the assets of the banking industry, which rose to P30.71 trillion from P28.26 trillion a year earlier. Banks accounted for 83.2 percent of the financial system’s total resources.
Universal and commercial banks continued to dominate the sector, cornering 93 percent of the banking industry’s total resources, which reached P28.57 trillion as of end-December 2025. This was 8.1 percent higher than the P26.44 trillion recorded in the comparable 2024 period.
Similarly, assets of thrift banks surged by 24.8 percent to P1.46 trillion from P1.17 trillion previously, giving mid-sized lenders a 4.8-percent share of overall banking resources.
The digital banking segment also posted robust double-digit growth of 42 percent, with assets climbing to P172.5 billion from P121.5 billion a year ago.
The six digital banks authorized by the BSP are Maya Bank, Overseas Filipino Bank, Tonik Digital Bank, GoTyme Bank, UNO Digital Bank and UnionDigital Bank.
On the other hand, the assets of rural and cooperative banks decreased by four percent to P505.9 billion as of end-September last year from P527.1 billion a year ago, covering 1.6 percent of the industry’s total resources.
Non-banks likewise saw their resources grow by 5.2 percent to P6.23 trillion from P5.92 trillion a year ago. Non-bank institutions include BSP-supervised investment houses, financing and investment companies, securities dealers and brokers, pawnshops and lending investors.
The data on rural and cooperative banks as well as non-bank financial institutions are reported on a quarterly basis and are therefore available only up to end-September 2025, or one quarter behind the year-end banking data.
