THE Philippine banking sector’s assets totaled P25.48 trillion as of the end of April, data from the Bangko Sentral ng Pilipinas (BSP) showed, up nearly 12 percent from the year-earlier P22.76 trillion but slightly lower, or a little over half a percent, than the previous month’s P25.65 trillion.
Bank assets primarily consist of deposits, loans and investments, including cash, amounts due from other banks, interbank loans receivable (IBL), and reverse repurchase (RRP) arrangements, adjusted for allowances for credit losses.
Read More: PH banking industry assets at P25.48T in April – BSP data
