Philippine bank assets near P30 trillion, driven by lending surge

MANILA, Philippines — Philippine banks’ total assets climbed to nearly P30 trillion in 2025, lifted by robust loan growth and a turn to higher-yielding investments amid lower rates. Total resources of local lenders grew by 9 percent from a year earlier to P29.8 trillion, latest data from the Bangko Sentral ng Pilipinas (BSP) showed. The