PH financial sector resources rise to P32.3T as of end-June

Aug 15, 2024 12:32 am

THE total resources of the country's financial system grew by 10.5 percent to P32.33 trillion as of end-June from P29.25 trillion a year earlier, data from the Bangko Sentral ng Pilipinas (BSP) showed.

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

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