s latest quarterly banking report showed the combined assets of 45 universal and commercial banks jumped by 9.4% to P22.51 trillion in the October-to-December period, from P20.56 trillion in the same three months last year.
The fourth quarter also saw nonperforming loans drop by 9.45% year on year to P336.54 billion from P371.65 billion in the fourth quarter of 2021. The big banks’ nonperforming asset ratio — the share of NPLs and foreclosed properties to total assets — stood at 0.99% as of the quarter ending December. This was the lowest NPA ratio since 0.91% in the first quarter of 2020, when the coronavirus pandemic began.
Big banks’ median capital adequacy ratio — the ability to absorb losses from risk-weighted assets — stood at 17.97%, lower than the 19.60% in the third quarter and 21.30% year on year. This was still above the minimum of 10% set by the Bangko Sentral ng Pilipinas as well as the international minimum standard of 8% under the Basel III framework.
BDO Unibank, Inc. remained the largest bank in terms of assets with P4.01 trillion as of the fourth quarter. State-owned Land Bank of the Philippines came in at second with P3.16 trillion, while Metropolitan Bank & Trust Co. ranked third with P2.92 trillion.
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