Asset-side accounts have also increased, with Loans growing at an annual rate of 14.3% and another 10.6% for Financial Assets. BIS central bankers’ speeches  3  What is most impressive is that universal and commercial banks have continuously strengthened their balance sheet for possible exigencies.
The Capital Account of U/KBs has increased by around Php156 billion in the past 19 months, driven by improvements in Retained Earnings (Php94 billion) and Paid-In Capital (Php46 billion). To top it all, our U/KBs appear to be purposely leaning on the side of caution. The account “Cash and Due From Banks” has significantly increased.