In our view, there are four Rs that define our banking community today: robust, resilient, responsive and responsible. For instance, the three major international credit rating agencies that gave the Philippines investment grade status this year, acknowledged our sound and stable banking industry as a contributing factor.
They view the Philippine banking system as well capitalized, profitable, and liquid, with deposit-funded balance sheets and sound loss-absorption capacities. In fact, the Philippines is the only country whose banking sector is on positive outlook at Moody’s; it raised the outlook to positive in December 2012.