Retained earnings boosted the industry’s overall capital position as the capital adequacy ratio (CAR) stood at 16.7 percent as of end-2017. This is higher than the BSP standard and the global norm. This is evidence of the industry’s commitment to build adequate buffers for risk-taking. Net Income of P17.9 billion in 2017 yielded 12.7 percent return to shareholders.
This came about from the steady growth in net interest income (NII) and more cost-efficient operations. These performance results should encourage the industry to stay on its healthy course. Fostering stronger partnership for sustainable growth At this juncture, I would like to express gratitude to CTB for its exemplary dedication and commitment in supporting BSP’s mandate and advocacies.