Major PH banks remain strong — BSP

Major lenders or the so-called domestic systemically important banks remain strong and stable amid the lingering COVID-19 pandemic as they continue to post growth and remain well-capitalized, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday.

D-SIBs are banks whose distress or disorderly failure would cause significant disruptions to the wider financial system and economy. “D-SIBs remain on solid footing amid the heath crisis. We see this contributing to the overall soundness of the domestic financial system and the country’s financial stability,” Diokno said in an online briefing.

He said the assets and deposits of D-SIBs grew year-on-year by 6.2 percent and 8.5 percent, respectively, based on preliminary end-March 2021 data. This was in line with the 5.6-percent asset growth and 7.8-percent deposit growth posted by the banking system.

The capital buffers of D-SIBs continued to be well above regulatory minimum and were higher compared to levels a year ago, the BSP said. The capital adequacy ratio of D-SIBs rose to 15.8 percent at end-2020 from its year ago level of 15.3 percent.

Topics: Bangko Sentral ng Pilipinas , BSP Governor Benjamin Diokno , domestic systemically important banks , D-SIBs
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