The domestic claims, or assets, of other financial corporations (OFCs) in the Philippines grew marginally by 0.1 percent in the second quarter of 2025 compared with the previous quarter, reaching ₱10.7 trillion, according to the Bangko Sentral ng Pilipinas (BSP). Year-on-year, the sector’s assets expanded by 16.7 percent.
The BSP said the modest quarterly increase was mainly due to higher investments in equity shares of nonfinancial corporations, increased holdings of government securities, and more loans extended to households. However, this growth was partly offset by a decline in the sector’s bank-issued debt securities holdings.
The BSP keeps a keen eye on OFCs as the entities move funds, manage risks and complement the banks’ services even as they themselves do not accept deposits.
On the liabilities side, OFCs’ total obligations rose to ₱11.4 trillion, driven by more issued shares of stock and higher insurance technical reserves. Their net foreign assets also climbed to ₱0.7 trillion, reflecting greater claims on nonresidents.
The BSP noted that monitoring OFC data helps provide a more complete view of the country’s financial system, supporting its monetary and financial stability goals. The OFC sector includes insurance companies, pension funds, investment funds, financial auxiliaries, and other nonbank financial intermediaries.
