The Philippine thrift banking sector revealed strong performance indicators as it reported total assets reaching $19.5 billion (PHP1.1 trillion) by the end of 2024, marking a 6% increase from the previous year. The data, released by the Chamber of Thrift Banks (CTB) in July 2025, spotlighted significant growth in lending activities, with core loan portfolios expanding by an impressive 14.7% to $13.8 billion (PHP777.28 billion).
Meanwhile, deposit liabilities in the sector also saw an upswing of 4.7%, reaching $14.67 billion (PHP826 billion). This growth reflects a resilient demand for thrift banking services, even as the economy faces various challenges. The sector’s capital base remains robust at $3.08 billion (PHP174 billion), boasting a capital adequacy ratio of 17.88%, comfortably above the regulatory benchmarks.
“We are pleased to report that the Chamber of Thrift Banks has continued to demonstrate remarkable growth and adaptability through the years,” stated CTB President Mary Jane Perreras. Under her leadership, the CTB is advocating for crucial regulatory adjustments, including a proposed reduction of the Minimum Liquidity Ratio from 20% to 16%, to better align with the realities of thrift banks.
Perreras noted that many member banks have successfully enhanced their digital infrastructure and adopted advanced cybersecurity protocols. “In today’s interconnected financial landscape, offering digital literacy programs is essential to protecting consumers,” she asserted. Collaborations with fintech firms and low-code platform providers have allowed thrift banks to introduce customized digital services with greater efficiency—a move that has infused new energy into traditional banking practices.
As the sector looks to the future, the CTB remains focused on promoting sound risk management, operational excellence, and sustainable growth. “Our goal is to strengthen the thrift banking sector’s contribution to inclusive economic development, ensuring our members remain key providers of financial access in communities across the country,” Perreras emphasized, hinting at a vision where thrift banks not only survive but thrive in the evolving market landscape.
What growth rate did Philippine thrift banks achieve in lending activities?
Philippine thrift banks recorded a significant growth rate of 14.7% in core loan portfolios, totaling $13.8 billion (PHP777.28 billion).
What initiatives is the CTB pursuing for regulatory changes?
The Chamber of Thrift Banks is advocating for a reduction in the Minimum Liquidity Ratio from 20% to 16% to better reflect the operational realities of thrift banks.
How are thrift banks enhancing their services in the digital age?
Many member banks are upgrading their digital infrastructure, adopting cybersecurity measures, and collaborating with fintech firms to offer customized digital services, thus improving consumer protection and service efficiency.
