Manila Times Business
Banking sector assets hit P30T
ASSETS of the Philippine banking sector as of end-April totaled P30.12 trillion, up by 11.9 percent from P26.9 trillion last year, according to data from the Bangko Sentral ng Pilipinas (BSP). Bank assets 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. Though total assets month on month were lower than March’s P30.33 trillion, the
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