• The total assets of the domestic banking system rose to a new high of P25.146 trillion in 2023, an increase of 9.1 percent from P23.047 trillion in 2022, based on Bangko Sentral ng Pilipinas (BSP) data.
  • Banks’ assets are funded by deposits, loans and investments which when managed well translates to stable earnings, healthy capital and ample liquidity.
  • Meanwhile, banks’ liabilities which are its financial and deposit liabilities, went up by 8.55 percent in 2023 to P22.08 trillion versus P20.341 trillion in 2022.
  • As of end-December last year, banks’ net loans inclusive of interbank loans receivable and reverse repurchase, totaled P13.384 trillion, up by 9.72 percent from P12.198 trillion of the previous year. The net loans contribute significantly to total assets after investments and cash and due from banks.