PH banks’ assets grew 7.7% to P28.2T in H1 2025 —BSP

The Bangko Sentral ng Pillipinas (BSP) on Friday said the Philippine banking sector continued its growth momentum in the first half of 2025.

In a news release, the BSP, citing its “Report on the Philippine Financial System for the First Semester of 2025,” said Philippine banks posted P28.2 trillion in assets as of end-June 2025, up 7.7% year-on-year.

The central bank said growth was driven by stable domestic deposits and supported by strong liquidity and capital buffers.  

Asset quality remained satisfactory, with loans and investments comprising the bulk of total assets, according to the BSP.

Moreover, banks’ profits rose 4.1% to P198.1 billion in the first six months of the year, “reflecting prudent risk management and sound credit governance.”

“The banking system’s solid performance underscores its strength in seizing opportunities, navigating emerging risks, driving innovation, and championing inclusive and sustainable growth,” said BSP Governor Eli Remolona Jr.

“In line with this, the BSP will continue pursuing policies that further strengthen the banking system,” the central bank chief said.

“This supports an environment that helps banks to continue growing, supporting economic activity, and responding to the evolving needs of Filipinos,” according to Remolona. —LDF, GMA Integrated News