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PH financial system resources hit P37.6T in May
Digital banks led growth at 45.4%, pushing total resources to P37.64T, already above prior full-year levels. BSP data released Monday showed bank resources rose 10.9%.
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The Philippine financial system's total resources reached P37.64 trillion in the first five months of the year, up 9.9% from P34.22 trillion a year earlier, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP). The figure excludes the central bank's own resources. The five-month tally already exceeded full-year totals in recent years: P37.13 trillion in 2025, P34.17 trillion in 2024, P31.52 trillion in 2023, and P29.04 trillion in 2022.
Banks held the bulk of the resources, with total bank resources rising 10.9% to P31.3 trillion from P28.23 trillion. Universal and commercial banks, the largest full-service lenders, accounted for P29.01 trillion, up 10.7% from P26.2 trillion. Thrift banks followed with P1.5 trillion, up 10.95%. Rural and cooperative banks expanded 8.06% to P587 billion.