Bank assets as a share of GDP reached 86.2 % in 2017 in Philippines, according to the National Central Bank. This is 2.29 % more than in the previous year.
Historically, bank assets as a share of GDP in Philippines reached an all time high of 86.2 % in 2017 and an all time low of 14.9 % in 1961. When compared to Philippines's main peers, bank assets as a share of GDP in China amounted to 320 % and 53.9 % in Indonesia in 2017.
Philippines has been ranked 62nd within the group of 113 countries we follow in terms of bank assets as a share of GDP, 2 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.