22	TOTAL RESOURCES OF THE PHILIPPINE FINANCIAL SYSTEM 1
		as of periods indicated
		in billion pesos
						2021		2022		2023	p,r		Feb
	Institutions												2023		2024	p
	T o t a l					26,357		28,864		31,054			28,583		30,869
	Banks					21,440		23,807		25,937			23,526		25,752
	Universal and Commercial Banks (U/KBs) 2					19,761		22,376		24,316			22,112		24,141
	Thrift Banks (TBs) 2					1,338		1,028		1,104			1,012		1,090
	Digital Banks (DGBs) 2,3					-		-		91			-		95
	Rural and Cooperative Banks (R/CBs) 2					341		403		426	a		403		426	a
	Non-Banks 4					4,917		5,057		5,117	a		5,057		5,117	a
	1	Exclude the Bangko Sentral ng Pilipinas (BSP)
	2	U/KBs, TBs, DGBs, and R/CBs data are based on the Financial Reporting Package (FRP); assets are reported gross of allowance
		for probable losses and depreciation.
	3	Cover consolidated data starting March 2023 onwards
	4	Include BSP-supervised Investment Houses, Financing Companies, Investment Companies, Securities Dealers/Brokers, Pawnshops,
		Lending Investors, Non-Stock Savings and Loan Associations (NSSLAs), Credit Card Companies, Government Non-bank Financial
		Institutions (i.e., Philippine Guarantee Corporation and Small Business Corporation), and Authorized Agent Banks (AAB)
		Forex Corporations, wherein assets are reported gross of allowance for probable losses and net of depreciation. Data on non-banks
		are based on Consolidated Statement of Condition (CSOC), except for NSSLAs which is based on FRP. Non-bank institutions also
		include Social Security System (SSS), Government Service Insurance System (GSIS), and private insurance companies
		(i.e., life insurance companies, non-life insurance companies, and professional reinsurers), wherein assets are reported
		net of allowance for probable losses and depreciation.
	-	Not available
	p	Preliminary
	r	Revised
	a	As of end-September 2023
	Details may not add up to total due to rounding.
	Sources:  BSP, Insurance Commission, GSIS and SSS