Banking sector assets rise to P27.3T
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)