The Bangko Sentral ng Pilipinas (BSP) has affirmed the continued growth and resilience of the Philippine banking sector during the first half of 2025.
According to BSP’s “Report on the Philippine Financial System for the First Semester of 2025,” total bank assets reached ₱28.2 trillion as of June, marking a 7.7% increase compared to the same period last year.
This growth was driven by strong domestic deposits, supported by ample liquidity and capital buffers across financial institutions.
Asset quality remained sound, with loans and investments comprising the bulk of total assets.
The sector’s net income rose by 4.1% year-on-year, totaling ₱198.1 billion by mid-2025, reflecting prudent risk management and effective credit governance.
BSP Governor Eli Remolona Jr. emphasized that the banking system’s solid performance demonstrates its ability to seize opportunities, manage emerging risks, and promote inclusive and sustainable growth.
He added that BSP will continue to implement policies that strengthen the banking system to support economic expansion and meet the evolving needs of Filipinos.
The report also noted positive performance from foreign currency deposit units and trust entities.
Key initiatives included enhancements to the credit information system, improvements in anti-money laundering and counterterrorism financing frameworks, and the development of digital retirement savings accounts.
The establishment of the Financial Cyber Resilience Governing Council was also highlighted as part of BSP’s coordinated efforts with regulated institutions, other financial regulators, and industry associations.
These measures aim to further fortify the Philippine banking sector and ensure its long-term stability.