As of end-2020, the Philippine banking system (PBS) has exhibited sustained growth in assets, adequate liquidity buffers, strong capital position, and ample loan loss reserves. The assets of the banking system managed to grow from 2019 by 6.1 percent to P19.4 trillion as of end-2020. The growth was mainly driven by higher deposits, which rose by 8.9 percent in 2020.
Mark Carney: Opening Statement for Appearance before the Standing Senate Committee on Banking, Trade and Commerce Opening Statement by Mr Mark Carney, Governor of the Bank of Canada, to the Standing Senate Committee on Banking, Trade and Commerce, Ottawa, Ontario, 22 June 2011. *  *  *  Good afternoon, Mr. Chairman and committee members.