PH banking system resilient vs pandemic

Philippine banking system is resilient against the impact of the global pandemic due to past reforms.

As of February, total banking assets accounted for 81.7% of financial system resources, with a non-performing loan ratio of 2.1%. Deposits remain the main funding source at 85.2% share.

Capital adequacy ratios for universal and commercial banks are higher than BSP's minimum threshold and Bank of International Settlements' requirement.

The banking sector's overall loan quality is satisfactory, with total portfolio growing by 10.2% year-on-year.