The thrift banking industry recorded a 6 percent growth in total assets in 2024, reaching ₱1.10 trillion, signaling commercial momentum in promoting financial inclusion and economic resilience, according to the Chamber of Thrift Banks (CTB).
CTB president Mary Jane A. Perreras highlighted the sector’s expanding footprint in housing, MSME financing, and consumer lending, calling it “remarkable growth and adaptability.” Total loans surged 14.7 percent to ₱777.28 billion, while deposits rose 4.7 percent to ₱826 billion, reflecting strong demand and depositor trust. The industry’s capital base remained solid at ₱174 billion with a capital adequacy ratio of 17.88 percent, well above regulatory thresholds.
Despite external headwinds, thrift banks maintained credit discipline, keeping the non-performing loan ratio at a manageable 6.67 percent.
On the policy front, the CTB intensified its role in regulatory dialogue, notably co-developing the BSP’s Standard Business Loan Application Form (SBLAF) to ease MSME access to credit. The Chamber is also pushing for a recalibration of the minimum liquidity ratio—from 20 percent to 16 percent—to better align with thrift banks’ operational realities.
Digitally, the sector is investing heavily in fintech partnerships, cloud platforms, and cybersecurity, aiming to broaden access in underserved areas while improving digital financial literacy.
For 2025, the CTB projects continued sectoral growth with a strategic focus on inclusive development and hybrid banking models. This direction will be spotlighted at its 51st Annual Convention on July 15 in Makati, themed “Thrift Banks 2025: Resilience in Hybrid Banking,” with BSP deputy governor Chuchi G. Fonacier delivering the keynote.
