The Chamber of Thrift Banks (CTB) on Tuesday reported strong financial performance for the thrift banking sector in 2024, underscoring its expanding role in inclusive finance and SME support. As of year-end, total assets reached ₱1.10 trillion, marking a 6 percent increase year-on-year.
Loan disbursements surged 14.7 percent to ₱777.28 billion, reflecting the sector’s sustained focus on lending to underserved markets, including small and medium enterprises (SMEs), housing, and consumer borrowers. Deposit liabilities also climbed 4.7 percent to ₱826 billion, demonstrating continued depositor confidence.
The sector maintained a solid capital position, with total capital at ₱174 billion and a capital adequacy ratio (CAR) of 17.88 percent, well above regulatory thresholds. The non-performing loan (NPL) ratio stood at 6.67 percent, indicating sound credit management despite macroeconomic headwinds.
CTB president Mary Jane A. Perreras emphasized the Chamber’s continued advocacy for operational reforms, including participation in the Bangko Sentral ng Pilipinas’ Standard Business Loan Application Form (SBLAF) initiative, aimed at streamlining SME loan processing and improving regulatory efficiency.
Digital transformation remains a priority, with many member banks enhancing digital platforms, cybersecurity protocols, and consumer protection through partnerships with fintech and low-code providers.
In line with its long-term vision for financial inclusion and growth, CTB will hold its 51st Annual Convention on 15 July 2025, at Dusit Thani Manila. With the theme “Thrift Banks 2025: Resilience in Hybrid Banking,” the event will feature BSP deputy governor Chuchi G. Fonacier as keynote speaker.
