00:00The Banko Sentra ng Pilipinas or BSP's Philippine Financial System report for the second half of 2023
00:07highlights its resilience amid macroeconomic uncertainties.
00:11The banking sector saw a 9.2% increase in total assets reaching P25.2 trillion
00:18with robust balance sheets and profitable operations reported.
00:23Capital and liquidity buffers remain sufficient,
00:26exceeding regulatory requirements and international thresholds indicating stability
00:31and support for the country's economic recovery and development.
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