PH banks' assets up 10.8% to P25.65T

May 14, 2024 12:44 am

TOTAL assets of the Philippine banking sector rose to P25.65 trillion as of end-March, data from the Bangko Sentral ng Pilipinas showed, 10.8 percent higher than the year-earlier P23.15 trillion.

Bank assets primarily 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.

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