The total domestic deposit liabilities of the Philippine banking industry reached P12.674 trillion as of end-March, up from a year earlier but down from the quarter ago, the Philippine Deposit Insurance Corp. (PDIC) reported on Monday.

In a report, the state-run deposit insurer said deposit liabilities posted an increase of P729.7 billion, or 6.1 percent from the P11.945 trillion a year ago.

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