THE Bangko Sentral ng Pilipinas marks its 30th year with a banking system that is sound, stable and liquid.

By the end of 2022, the Philippine banking system's assets stood at P23,047.7 billion, up by 10.7 percent year-on-year. Over the same period, gross total loan portfolio grew by 10.8 percent to P12,625.1 billion. The Philippine banking system also remained well capitalized and managed to keep its exposure to bad debts low. As of end-2022, capital adequacy ratio on solo and consolidated bases stood at 15.7 percent and 16.3 percent, higher than the 10-percent minimum requirement of the BSP and the 8.0 percent prescribed by the Bank for International Settlements. The non-performing loans ratio settled at 3.2 percent in December 2022 compared with 4.0 percent in the same period of the previous year.