The Chamber of Thrift Banks (CTB), the umbrella organization of the country’s thrift banks, has reaffirmed the resilience and critical role of the Philippine thrift banking sector, highlighting robust asset growth, strengthened capital, and continued support for underserved markets such as small and medium enterprises (SMEs), housing, and consumer lending.
“We are pleased to report that the Chamber of Thrift Banks has continued to demonstrate remarkable growth and adaptability through the years,” said CTB President Mary Jane A. Perreras. “From our origins in 1974 as a small industry group, the Chamber has evolved into a leading voice for thrift banks across the Philippines, representing their interests with strength and clarity.”
As of December 31, 2024, the thrift banking sector posted total assets of ?1.10 trillion, up 6% from the previous year. Lending activities grew significantly, with core loan portfolios expanding by 14.7% to ?777.28 billion, underscoring the sector’s sustained commitment to financial inclusion. Deposit liabilities increased by 4.7% to ?826 billion, reflecting continued public trust.
The sector also maintained a healthy capital base of ?174 billion, with a capital adequacy ratio of 17.88%, well above regulatory requirements. The non-performing loan ratio stood at a manageable 6.67%, demonstrating sound credit risk management despite external challenges.
CTB has remained active in shaping policies to support operational sustainability and innovation. The Chamber played a key role in the Bangko Sentral ng Pilipinas (BSP) Technical Working Group on the Standard Business Loan Application Form (SBLAF). This initiative streamlined loan processing and provided regulatory incentives, such as reduced supervisory fees, to early adopters.
“Through our quarterly engagements with the BSP’s Bank Supervision Policy Committee, we continue to advocate for regulatory adjustments that reflect the realities of thrift banks, including the proposed lowering of the Minimum Liquidity Ratio from 20% to 16%,” Perreras noted.
CTB continues to champion digital transformation, particularly for smaller banks that face resource constraints. Many members have successfully upgraded their digital infrastructure, adopted cybersecurity protocols, and offered digital literacy programs to protect consumers in an increasingly connected financial ecosystem. Collaborative efforts with fintech firms and low-code platform providers have also enabled thrift banks to roll out customized digital services more efficiently.
“Looking ahead, we will remain steadfast in promoting sound risk management, operational excellence, and sustainable growth,” Perreras said. “Our goal is to strengthen the thrift banking sector’s contribution to inclusive economic development, ensuring our members remain key providers of financial access in communities across the country.”
In line with its commitment to sector-wide progress, CTB will be convening its 51st Annual Convention on July 15, 2025, at Dusit Thani Manila in Makati City. With the theme “Thrift Banks 2025: Resilience in Hybrid Banking,” the event will bring together leaders from across the industry to explore strategies for growth and transformation.
Ms. Chuchi G. Fonacier, Deputy Governor of the BSP, will deliver the Keynote Address at the convention.
