Story perspectives

Philippine Financial Sector Eyes P37 Trillion Amid Scandal

2/17/2026

Summary

Story summary

Nearly P37 trillion in total resources in 2025, driven by low rates boosting loan demand.
Excluding the central bank, local financial sector assets grew 8% to P36.9 trillion, with banks accounting for 83% of assets.
In 2026, growth is expected to be steady, focused on targeted lending in infrastructure and consumption.
Jonathan Ravelas noted a shift toward disciplined, higher-quality growth, while the sector faces a corruption scandal that undermines confidence.

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Story summary

Nearly P37 trillion in total resources in 2025, driven by low rates boosting loan demand.
Excluding the central bank, local financial sector assets grew 8% to P36.9 trillion, with banks accounting for 83% of assets.
In 2026, growth is expected to be steady, focused on targeted lending in infrastructure and consumption.
Jonathan Ravelas noted a shift toward disciplined, higher-quality growth, while the sector faces a corruption scandal that undermines confidence.