PH financial sector's total resources up 8.8% in November

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00:00As of November last year, the Philippine financial sector's resources grew by 8.8 percent,

00:06reaching Php 33.7 trillion, up from Php 30.39 trillion in November 2023.

00:14Preliminary data released by the Banko Sentral ng Pilipinas, or BSP, showed the total resources

00:20of banks and non-bank financial institutions.

00:24Banks had Php 27.55 trillion in resources, with universal and commercial banks accounting

00:31for Php 25.78 trillion.

00:33Thrift banks had Php 1.14 trillion, while digital banks had Php 119.5 billion, and rural

00:42banks had Php 498.3 billion.

00:46Non-bank financial institutions also increased their resources to Php 5.52 trillion, from

00:51Php 5.24 trillion.

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