BANKS

BANK
- a depository financial
institution that accepts
deposits and from the public
and creates credits where
lending activities can be
performed through capital
markets
 BANKS
are institutions authorized to operate and
regulated by the BSP under the General
Banking Law of 2000.

 Commercial banks
 Universal banks
 Thrift banks
 Rural and Cooperative banks
 Islamic Bank
 Banks are the most
important segment of the
financial services sector and
the primary source of credit
for the domestic economy as
they extend loans to
borrowers, transfer funds, and
manage funds for investment
purposes.
 Security Bank
Metrobank
 The banking sector will
continue to have a stable
outlook on the Philippine
banking system driven by the
macro conditions which
continue to be robust.

Simon Chen, Moody’s VP – Senior Analyst

Stable Philippine Banking Sector Seen Benefiting from
High Interest Rates (Philstar.com)
 Loan growth continues to be
strong. Data from the BSP
showed that the banking
system booked loan expansion
to by 16.4% to 8.9 trillion
pesos.
Simon Chen, Moody’s VP – Senior Analyst
Stable Philippine Banking Sector Seen Benefiting from
High Interest Rates (Philstar.com)
 However, due to
unavoidable circumstances, bad
loans rise at Philippine banks
despite the industry’s rising total
lending portfolio.

Bad Loans Rise at Philippine’s big banks in October

(Rappler.com)
 These loans are seen as risky
assets due to higher risk of default.
Nevertheless, the rate of bad loans
remains manageable across financial
and insurance activities.

Bad Loans Rise at Philippine’s big banks in October

(Rappler.com)
 The BSP and commercial
banks are exploring ways to
use blockchain technology to
fast-track payment and
remittance services.

Philippine banking Industry Explores Blockchain Use

(bworldonline.com)
 BSP Governor Nestor A. Espenilla, Jr. said
that the central bank has been particularly
upbeat about migrating to digital transactions
to efficiently formalize financial channels
enabling better risk management as it would
improve access while also trimming
transaction costs.

Philippine banking Industry Explores Blockchain Use

(bworldonline.com)