The Chamber of Thrift Banks (CTB), representing the country’s thrift banking industry, reaffirmed the sector’s resilience and vital role in promoting financial inclusion as it reported robust growth in assets, capital strength, and lending performance.
CTB President Mary Jane A. Perreras emphasized the sector’s continued adaptability during her remarks ahead of the organization’s upcoming annual convention.
“From our modest beginnings in 1974, the Chamber has grown into a powerful advocate for thrift banks nationwide,” said Perreras. “We’ve remained steadfast in advancing financial services for underserved markets, particularly small and medium enterprises (SMEs), housing, and consumer lending.”
As of end-2024, total assets of thrift banks stood at ₱1.10 trillion, a 6% increase from the previous year. Lending activities surged 14.7% to ₱777.28 billion, reflecting the sector’s deepening commitment to financial access. Deposit liabilities also climbed to ₱826 billion, up by 4.7%, signaling sustained public confidence.
The sector’s capital remained solid at ₱174 billion, with a capital adequacy ratio of 17.88%, significantly above regulatory minimums. Meanwhile, the non-performing loan ratio remained manageable at 6.67%, indicating prudent risk practices amid a challenging economic landscape.
CTB has played an active policy-shaping role, especially in efforts to simplify and enhance loan processes. The group was instrumental in the Bangko Sentral ng Pilipinas (BSP)’s initiative to develop the Standard Business Loan Application Form (SBLAF), which offers regulatory perks such as reduced supervisory fees for early adopters.
In addition, CTB is advocating for a more flexible regulatory environment, including a proposed reduction of the Minimum Liquidity Ratio from 20% to 16%—a move aimed at helping thrift banks operate more efficiently without compromising stability.
Digital transformation also remains a top priority. Many member banks have upgraded their systems, adopted cybersecurity safeguards, and launched digital literacy programs to support safer banking experiences. Partnerships with fintechs and low-code platform providers are also helping smaller banks roll out tailored digital products quickly and affordably.
“Moving forward, we are focused on strengthening our operational foundation, managing risks wisely, and pursuing long-term, inclusive growth,” said Perreras. “Our mission is to ensure thrift banks continue to play a central role in expanding access to finance in communities across the country.”
The CTB will host its 51st Annual Convention on July 15, 2025, at Dusit Thani Manila in Makati City. Themed “Thrift Banks 2025: Resilience in Hybrid Banking,” the event will gather industry leaders to explore strategies for transformation and sustained growth in an increasingly digital financial landscape. Bangko Sentral ng Pilipinas Deputy Governor Chuchi G. Fonacier will deliver the keynote address.
