Banks controlled 82.7 percent of the total resources, accounting for P28.6 trillion, up 6.8 percent at the end of July from P26.8 trillion at end-July 2024. The 42 thrift banks, meanwhile, had total resources of P1.37 trillion during the period, up by 23.4 percent from P1.11 trillion in 2024. The six digital banks posted a 33.2 percent increase in total resources to P141.7 billion from P106.4 billion a year earlier. The BSP has a lag period in reporting NBFIs’ resources, with the latest being as of end-March, at P5.99 trillion, up 5 percent from P5.7 trillion in the year-earlier period. Banks’ strong balance sheets and profitable operations also reflected a resilient financial sector, with risk-based capital and liquidity ratios exceeding regulatory thresholds, the BSP added.