Bank deposits rose 12 percent to P9.64 trillion as of end-June from P8.59 trillion a year ago, data from Bangko Sentral ng Pilipinas show.
Peso accounts reached P8 trillion, up from P7.15 trillion a year earlier, while foreign currency-denominated accounts rose to P1.63 trillion from P1.43 trillion.
Deposit size of P5,000 and below accounted for P23.109 billion, while P5,000 to P10,000 deposits represented P23.615 billion.
Deposit accounts of P10,000 to P15,000 totaled P26.773 billion; P15,000 to P40,000 (P99.082 billion); P40,000 to P60,000 (P85.284 billion); P60,000 to P80,000 (P63.348 billion); P80,000 to P100,000 (P58.271 billion); P100,000 to P150,000 (P144.417 billion); and P150,000 to P200,000 (P111.099 billion).
Data showed that deposit accounts of P200,000 to P250,000 totaled P114.419 billion; P250,000 to P300,000 (P92.575 billion); P300,000 to P400,000 (P178.535 billion); P400,000 to P500,000 (P191.265 billion); P500,000 to P750,000 (P328.847 billion); P750,000 to P1 million (P240.226 billion); P1 million to P1.5 million (P410.998 billion); P1.5 million to P2 million (P249.288 billion); and deposits over P2 million (P7.196 trillion).
Bangko Sentral said the banking system remained strong, marked by improvements in deposits, loans and resources.
Total resources of the financial system as of end-June 2016 hit P15.834 trillion. Of this amount, universal and commercial banks accounted for P11.568 trillion. There were 41 universal and commercial banks in the system.
Total resources of thrift banks stood at P1.065 trillion. Resources of rural banks remained unchanged at P220 billion.
Non-bank financial institutions had total resources of P2.979 trillion as of end-June. Non-bank financial institutions include investment houses, finance companies, investment companies, securities dealers and brokers, pawnshops, lending investors, non-stock savings and loan associations, venture capital corporations and credit card companies which are under the supervision of Bangko Sentral.
Also included are private and government insurance companies, such as the Social Security System and Government Service Insurance System.
Total resources of the banking system grew 7.6 percent to P12.4 trillion as of end-December 2015 from P11.5 trillion a year ago. As a percent of gross domestic product, total resources stood at 93.4 percent.
Banks also remained well capitalized amid tighter capital requirements. The industry’s capitalization was predominantly composed of common equity Tier 1, the highest quality among instruments eligible as bank capital.
The capital adequacy ratio of universal and commercial banks reached 16.4 percent on a consolidated basis, higher than those of Malaysia (16.1 percent) and South Korea (13.9 percent), but lower compared than those of Indonesia (20.6 percent) and Thailand (17.4 percent).