TOTAL assets of the Philippine banking sector amounted to P27.26 trillion as of end-May, up 6.4 percent from the year-earlier P25.62 trillion, according to data from the Bangko Sentral ng Pilipinas (BSP).
Bank assets consist of deposits, loans and investments, including cash, amounts due from other banks, interbank loans receivable (IBL) and reverse repurchase (RRP) arrangements, adjusted for allowances for credit losses.
Aggregate loan portfolio, inclusive of IBL and RRP, was P15.1 trillion, 12.7 percent higher than the P13.4 trillion in May 2024.
Net investments, including financial assets and equity investments in subsidiaries, rose by 6.5 percent to P7.9 trillion from P7.5 trillion.
However, cash and amounts due from banks dropped by 26.4 percent to P1.98 trillion from P2.69 trillion.
On the other hand, the value of net real and other properties acquired grew by 11.9 percent to P121.06 billion from P108.19 billion, while other assets totaled P2.08 trillion for the period, 7.6 percent more than the P1.9 trillion a year earlier.
The banking system’s total liabilities, meanwhile, increased by 5.7 percent to P23.79 trillion from P22.51 trillion.
