Philippine banks' deposits to grow 13% in 2018

The deposit base is growting at a five-year CAGR of 14.3%.

Deposit growth remains substantial with 14.2% growth at end-June 2017. According to Maybank Kim Eng, the Philippine banking industry’s deposit base is expanding at a five-year CAGR of 14.3%, with low-cost funds rising faster at 15.5% vs high-cost deposits at 11.6%. This mix reversed in 2013 when the BSP disallowed some trust accounts in the Special Deposit Account (SDA) facility, resulting in a massive shift to banks’ deposits, particularly in time deposits.

"This was repeated in 2Q17 as the BSP disallowed participation of trust entities in its deposit facilities. These should normalise eventually as the drive to boost CASA deposits will continue through additional branches and new digital channels. We estimate deposits to grow 13% in 2018F," added Maybank Kim Eng.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.