• Total assets of the Philippine banking system rose by more than 10 percent to breach the P25-trillion level in the first quarter of the year, according to the Bangko Sentral ng Pilipinas (BSP).
  • Banks booked an aggregate 10.8 percent growth in assets to reach P25.65 trillion as of end-March from P23.15 trillion in the same period in 2023, based on preliminary data from the BSP.
  • These resources include funds and assets such as deposits, capital, bonds and debt securities.
  • The growth in resources was fueled by the 10.6 percent expansion in the assets of universal and commercial banks to P24.08 trillion in the first quarter from P21.76 trillion a year ago.