Financial system resources hit P35.8 T

The total resources of the country's financial system rose to P35.76 trillion as of end-November last year, reflecting sustained deposit growth, steady credit demand and continued confidence in the banking system.

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Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed that banks and non-bank financial institutions booked a 7.1-percent growth in assets from P33.38 trillion in the same period in 2024.

Financial system resources cover funds and balance sheet items such as deposits, capital, loans, bonds, equities and other debt securities held by banks and BSP-supervised non-bank institutions.

These resources are often used as a broad gauge of liquidity, savings behavior and the overall depth of the financial system.

Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., said the sustained expansion reflects confidence in the financial system.