Financial sector resources up in Feb

Apr 17, 2024 12:50 am

THE total resources of the country's financial system grew by 8.0 percent to P30.87 trillion as of end-February from P28.58 trillion a year earlier, Bangko Sentral ng Pilipinas (BSP) data showed.

Total financial resources are classified according to types of banks — universal/commercial, thrift, rural and nonbank financial intermediaries — and includes assets before provisions for anticipated losses, bond discounts or premiums, and market gains or losses.

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