September 12, 2025 | 12:00am
MANILA, Philippines — Whole belongings of native banks went up by almost seven % to P27.74 trillion as of end-July from P25.93 trillion in the identical month a yr in the past, knowledge from the Bangko Sentral ng Pilipinas (BSP) confirmed.
Banks’ assets embrace funds and belongings reminiscent of deposits, capital, bonds and debt securities.
Belongings of common and industrial banks elevated by 6.5 % to P25.93 trillion from P24.35 trillion a yr in the past. Massive banks accounted for 93.5 % of the banking trade’s complete belongings as of end-July.
Sources of thrift banks grew by 22.9 % to P1.29 trillion within the first seven months from P1.05 trillion within the comparable interval final yr. Mid-sized banks coated 4.7 % of the general banking assets.
The newer digital banking group additionally posted double-digit progress of 32.5 % in belongings, reaching P135 billion as of end-July from P101.91 billion in the identical interval a yr in the past.
In the meantime, the BSP has but to replace its knowledge for rural and cooperative banks. The overall belongings of those smaller banks stood at P385.45 billion as of end-June, 12.2 % decrease than the P439.25 billion seen within the earlier yr.
As of September, the nation has 44 large banks, 42 thrift banks, 374 rural and cooperative banks in addition to six digital banks underneath the BSP’s supervision.
Sy-led BDO Unibank Inc. continues to be the primary financial institution with the biggest assets at P4.69 trillion, adopted by state-run Land Financial institution of the Philippines with P3.43 trillion and the Ayala Group’s Financial institution of the Philippine Islands with P3.27 trillion.
Different high lenders by way of asset measurement are Metropolitan Financial institution & Belief Co., China Banking Corp., Rizal Business Banking Corp., Safety Financial institution Corp., Philippine Nationwide Financial institution, Improvement Financial institution of the Philippines and Union Financial institution of the Philippines.
