Philippine financial system resources reach record ₱38.56 trillion
Bank resources rose 12.5 per cent from a year earlier, while digital banks recorded the fastest growth among banking groups.
Resources across the Philippine financial system reached a record ₱38.56 trillion in August, according to Bangko Sentral ng Pilipinas (BSP) data. The figure increased 11.1 per cent from ₱34.69 trillion a year earlier and 1.2 per cent from July’s ₱38.09 trillion.
Banks held ₱32.17 trillion, up 12.5 per cent from ₱28.59 trillion a year earlier. Financial system resources cover assets such as loans, investments, cash and other holdings belonging to banks and non-bank institutions.
Universal and commercial banks accounted for more than 92 per cent of banking resources. Their holdings increased 11.8 per cent to ₱29.78 trillion from ₱26.63 trillion. Thrift banks also recorded growth of 11.8 per cent, reaching ₱1.54 trillion compared with ₱1.38 trillion a year earlier.
Digital banks led banking groups in growth, with resources rising 51.1 per cent to ₱225.2 billion from ₱149 billion. Rural and cooperative banks recorded a 46.8 per cent increase, with holdings reaching ₱623.9 billion from ₱424.9 billion.
Non-bank institutions held ₱6.39 trillion, although their 2026 figures were available only through end-March. This group includes financing and investment companies, securities dealers, pawnshops, credit card companies, government non-bank institutions and private insurers.
At the end of 2025, the system held ₱37.13 trillion in resources. Banks accounted for ₱30.79 trillion of that amount, while non-bank institutions held ₱6.34 trillion.
