Philippines financial system resources hit P37 trillion

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May 24, 2026 | 12:00am

MANILA, Philippines — The total resources of the Philippine financial system expanded by 8.6 percent to P37 trillion as of end-March, 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.

Banks continued to dominate, with total resources climbing by 9.2 percent to P31.10 trillion as of end-March from P28.49 trillion a year earlier.

Banks accounted for 83.1 percent of the financial system’s total resources.

Broken down, universal and commercial banks held the lion’s share at 92.8 percent of the banking industry’s total resources, which reached P28.87 trillion as of end-March.

This was 8.4 percent higher than the P26.63 trillion recorded in the comparable 2025 period.

Similarly, assets of thrift banks surged by 25.2 percent to P1.48 trillion from P1.18 trillion previously, giving mid-sized lenders a 4.8-percent share of overall banking resources.

The digital banking segment also posted a nearly 45 percent increase, with total resources climbing to P188.7 billion from P130.3 billion a year earlier.

Meanwhile, rural and cooperative banks saw resources stand at P560 billion as of end-December.

On the other hand, non-bank financial institutions recorded total resources of P6.35 trillion as of end-December.

These institutions include investment houses, financing and investment companies, securities dealers and brokers, pawnshops and lending investors.