{"id":10567,"date":"2014-05-17T14:03:00","date_gmt":"2014-05-17T06:03:00","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=10567"},"modified":"2014-05-17T14:03:00","modified_gmt":"2014-05-17T06:03:00","slug":"phl-financial-institutions-resources-rise-to-php-12-83t-in-end-q1-14","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/05\/17\/phl-financial-institutions-resources-rise-to-php-12-83t-in-end-q1-14\/","title":{"rendered":"PHL financial institutions\u2019 resources rise to PHP 12.83T in end Q1 \u201814"},"content":{"rendered":"
\"Bangko<\/a>
Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo<\/figcaption><\/figure>\n

MANILA — The high liquidity situation in the Philippines is proven by, among others, the increase in financial system\u2019s total resources.<\/p>\n

Bangko Sentral ng Pilipinas (BSP) data show that at the end of the first quarter of 2014, total resources of banks and non-bank financial institutions reached P12.83 trillion.<\/p>\n

This is slightly higher than the end-February 2014\u2019s P12.79 trillion and year-ago\u2019s P10.8 trillion.<\/p>\n

These resources are boosted by the sustained rise of deposits, among others, which in turn are being used by the banks for lending activities.<\/p>\n

Of the total, banks continue to hold the biggest share of the funds after it reached P10.45 trillion, higher than the P10.42 trillion in end-February and the P8.42 trillion in end-March 2013.<\/p>\n

But non-bank entities like pawnshops are not left behind because of their rising client base.<\/p>\n

As of end-March this year non-banks financial institutions\u2019 total resources reached P2.37 trillion, higher than year-ago\u2019s P2.34 trillion.<\/p>\n

Among the banks, universal and commercial banks (U\/KBs) posted the highest share at P9.42 trillion, which is understandably so because they have the largest number of branches nationwide.<\/p>\n

U\/KBs\u2019 total resources as of end-March this year is higher compared to the P9.4 trillion at the end of the first two months this year and the P8.23 trillion same period last year.<\/p>\n

Banks in the next tier, which are the thrift banks (TBs), also posted an increase in resources after the amount reached P830 billion as of end-March this year.<\/p>\n

This is higher than the P824.3 billion as of last February and the P676.4 billion same period last year.<\/p>\n

On the other hand, total resources of rural banks is steady at P202 billion from the end-February 2014 level but is higher year-ago\u2019s P192.6 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — The high liquidity situation in the Philippines is proven by, among others, the increase in financial system\u2019s total …<\/p>\n","protected":false},"author":44,"featured_media":10675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,95],"tags":[1216],"class_list":["post-10567","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ph","tag-bangko-sentral-ng-pilipinas","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/10567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=10567"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/10567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10675"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=10567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=10567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=10567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}