MANILA, Philippines — Philippine banks’ total assets crossed the P31-trillion mark in June to reach a new record high, demonstrating the resilience of the industry despite lingering risks from the Middle East conflict.
Total assets of local lenders grew by 10.4 percent from a year earlier to P31.13 trillion, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.
READ: PH bank assets near P30.5T on loan growth
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The figure includes cash and due from banks, loans, investments, real and other properties acquired and other assets.FEATURED STORIES
