Total resources of the Philippine financial system reached a record P37.31 trillion as of end-April, according to a report by Philstar Biz.
The record figure was driven by sustained growth in bank assets and the continued expansion of digital lenders. The Bangko Sentral ng Pilipinas reported that banks accounted for the bulk of the resources, while non-bank financial institutions also contributed to the increase.
The milestone underscores the resilience and deepening of the Philippine financial sector, even as economic headwinds persist. Analysts expect further growth as digital banking adoption rises and more Filipinos gain access to formal financial services.