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Phi bank assets hit P25.6 T
The Philippine Star
|May 14, 2024
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.
Dit verhaal komt uit de May 14, 2024-editie van The Philippine Star.
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