BSP: 'Too big to fail' banks stable amid pandemic

The Bangko Sentral ng Pilipinas (BSP) reported that domestic systematically important banks (D-SIBs) remain stable despite the ongoing pandemic, contributing to overall financial system stability.

BSP Governor Benjamin Diokno assured that D-SIBs are on solid footing with a capital adequacy ratio of 15.8% at end-2020, above the minimum requirement.

The BSP does not disclose which banks are considered D-SIBs but noted that their total assets and deposits grew year-on-year by 6.2% and 8.5%, respectively, aligning with the broader banking system's growth.