Philippines: Financial Sector Assessment Program-Technical Note on Risk Assessment of Banks, Non-Financial Corporates, and Macro-Financial Linkages

June 7, 2022

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Philippines: Financial Sector Assessment Program-Technical Note on Risk Assessment of Banks, Non-Financial Corporates, and Macro-Financial Linkages, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

The Philippines is a dynamic economy with a relatively smaller financial system than other Asian emerging market economies, dominated by banks. The total assets of the system amount to 126 percent of GDP. However, bank credit is just over 50 percent of GDP and mostly goes to nonfinancial corporates (NFCs). Banks are also tightly interlinked with NFCs through conglomerate ownerships. Access to finance for individuals is significantly lower than comparator systems, with only a third of adults having formal accounts. Non-bank financial institutions and capital markets—especially bond markets—are substantially less developed than banks. The Fintech ecosystem is nascent.

Subject: Asset and liability management, Credit, Financial institutions, Financial sector policy and analysis, International organization, Liquidity, Loans, Monetary policy, Money, Nonperforming loans, Stress testing

Keywords: A. liquidity risk profile, Bank solvency stress test Results, Bank-NFC liquidity linkage, Credit, Global, IMF-World Bank Financial Sector Assessment Program, Liquidity, Loans, Nonperforming loans, Southeast Asia, Stress testing, UKB liquidity stress test Results

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/155
Stock No:

1PHLEA2022002
ISBN:

9798400210181
ISSN:

1934-7685

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