The total assets of the domestic banking system went up by 12.43 percent to P25.622 trillion as of end-May from P22.788 trillion same period in 2023, based on Bangko Sentral ng Pilipinas' (BSP) latest data.
Banking assets are boosted by deposits, loans and investments. Total assets refer to banks’ total resources and includes cash and due from banks, total loan portfolio, total investments, real and other properties acquired (ROPA), and other assets held by financial institutions.
Meanwhile, total liabilities which are financial and deposit liabilities, amounted to P22.503 trillion as of end-May, up by 12.81 percent from same time last year of P19.946 trillion.
These liabilities are banks’ financial obligations such as the sum of its financial liabilities held for trading; financial liabilities designated at fair value through profit or loss; deposit liabilities; due to other banks; bills payable; unsecured subordinated debt; bonds payable; redeemable preferred shares; derivatives with negative fair value held for hedging; finance lease payment payable; and other liabilities.
During the period, banks’ net loans inclusive of interbank loans receivable and reverse repurchase, totaled P13.419 trillion, higher by 10.39 percent compared to last year’s P12.155 trillion.
Net investments which are financial assets and equity investments, reached P7.471 trillion as of end-May, up by 11.34 percent versus same time in 2023 of P6.71 trillion.
Cash and due from banks or cash on hand and banks’ receivables among others, slightly rose to P2.691 trillion or up by 1.97 percent from P2.639 trillion after months of decline.
Banks’ net ROPA, on the other hand, increased by 5.21 percent to P106.189 billion from P100.926 billion last year.
By banking group, the 44 big banks or universal and commercial banks accounted for about 94 percent of total industry assets at P23.063 trillion while its total liabilities stood at P21.195 trillion.
The 42 thrift banks’ assets reached P1.033 trillion while its total liabilities amounted to P872.58 billion.
The six digital banks have total assets of P100.345 billion and liabilities of P87.307 billion.
Data for the 386 rural and cooperative banks have a lag period but as of end-March, the small banks’ sector have total assets of P425.427 billion and P348.368 billion in total liabilities.
At the end of the first quarter, the SM Group’s BDO Unibank Inc. remains the country’s biggest bank in terms of total assets at P4.375 trillion, according to BSP numbers.
The Ty family’s Metropolitan Bank and Trust Co. has displaced government-controlled Land Bank of the Philippines (Landbank) in the No. 2 spot with a higher total assets of P3.271 trillion as of end-March. Landbank, now in third spot, reported P3.268 trillion in total assets .
The Ayala-led Bank of the Philippine Islands has not moved as fourth biggest bank in terms of assets with P3.033 trillion while another Sy bank, China Banking Corp., is fifth biggest lender with P1.627 trillion.
The other banks in the top 10 in terms of asset size are the Yuchengcos’ Rizal Commercial Banking Corp. with P1.284 trillion; Lucio Tan Group’s Philippine National Bank with P1.193 trillion; Security Bank Corp. with P1.069 trillion; Aboitiz-led Union Bank of the Philippines with P983.205 billion; and state-owned Development Bank of the Philippines with P974.928 billion.