THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
DOWNLOAD
View all Reports
Metrobank.com.ph How To Sign Up
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph How To Sign Up
Access Exclusive Content Login to Wealth Manager
Search
THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports
BusinessWorld 3 MIN READ

Philippine banks’ assets rise to PHP 25.93 trillion at end-July

September 12, 2024By BusinessWorld
Related Articles
Dollar reserves slip below USD100B anew July 10, 2023 BSP sees July inflation at 4%-4.8% August 1, 2024 Bank margins may narrow August 22, 2023

The Philippine banking industry’s assets jumped by 12.24% year on year as of end-July, Bangko Sentral ng Pilipinas (BSP) data showed.

Lenders’ combined assets increased to P25.93 trillion at end-July from P23.10 trillion a year prior, according to preliminary BSP data posted on its website.

However, this inched down by 0.998% from the P26.19 trillion recorded as of end-June.

Banks’ assets are mainly supported by deposits, loans, and investments. These include cash and due from banks as well as interbank loans receivable (IBL) and reverse repurchase (RRP), net of allowances for credit losses.

“The latest increase in banks’ total assets could be largely attributed to the faster, double-digit growth in banks loans, continued growth in bank deposits, and earnings growth that also added to banks’ capitalization,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Broken down, the banking sector’s total loan portfolio inclusive of IBL and RRP climbed by 10.95% to PHP 13.73 trillion as of end-July from PHP 12.37 trillion in the previous year.

Net investments, or financial assets and equity investments in subsidiaries, increased by 12.53% to PHP 7.69 trillion from PHP 6.83 trillion a year ago.

Meanwhile, cash and due from banks stood at PHP 2.46 trillion as of end-July, inching down by 0.99% from PHP 2.48 trillion a year earlier.

Net real and other properties acquired increased by 4.04% to PHP 110.11 billion from PHP 105.83 billion a year ago.

Banks’ other assets surged by 48.74% to PHP 1.95 trillion from PHP 1.31 trillion a year earlier.

On the other hand, the total liabilities of the banking system rose by 12.53% to PHP 22.71 trillion at end-July from PHP 20.18 trillion in the comparable year-ago period.

This was mainly driven by the 9.43% increase in deposit liabilities to PHP 19.27 trillion from PHP 17.61 trillion a year prior.

The Philippine banking system’s combined net income stood at PHP 190.26 billion in the first half, rising by 4.1% from PHP 182.76 billion a year prior, latest data from the central bank showed.

Mr. Ricafort said banks could see faster asset growth moving forward as the BSP is expected to cut benchmark interest rates further, which could boost lending, trading gains and other investment income.

The Monetary Board last month cut benchmark interest rates for the first time in almost four years amid an improving inflation and economic outlook, with its governor signaling at least one more reduction before the end of the year.

The Monetary Board on Aug. 15 reduced its policy rate by 25 basis points (bps) to 6.25% from a 17-year high of 6.5%.

BSP Governor Eli M. Remolona, Jr. said they could cut rates by another 25 bps within the year. The Monetary Board’s last two policy-setting meetings this year are on Oct. 17 and Dec. 19. — A.M.C. Sy

This article originally appeared on bworldonline.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Access this content:

If you are an existing investor, log in first to your Metrobank Wealth Manager account. ​

If you wish to start your wealth journey with us, click the “How To Sign Up” button. ​

Login HOW TO SIGN UP