Exposure to bad debts is minimal, with the non-performing loans (NPL) ratio staying at a mere 1/6  BIS central bankers' speeches  1.7 percent in August 2019. Total assets of the banking sector continue to grow, rising by 9.0 percent to ₱17.4 trillion year-on-year as of end-August 2019.
Topping all these is a demographic advantage, with the median age of the population at 24 years old. In an ageing world, the Philippines’ young, educated, and vibrant workforce is helping propel robust, sustainable, and more inclusive economic growth for the country.