For instance, the CAR of stand-alone thrift banks was at 19.7 percent as of June 20165 In terms of profitability, industry figures were also better. Net income for 2016 reached P13.9 billion, higher by 17.8 percent than in 2015. Return on Equity (ROE) improved to 10.5 percent.
The Role of Thrift Banks in Countryside Development 1/4  BIS central bankers' speeches  In other words, ladies and gentlemen, the thrift banking industry is well-placed to support countryside development moving forward as reflected in your convention theme “Maximizing Opportunities in Countryside Development.” That you have aligned your program with the Government’s 10-point socio-economic agenda of promoting countryside development is both commendable and timely.