22 TOTAL RESOURCES OF THE PHILIPPINE FINANCIAL SYSTEM 1            
as of periods indicated
in billion pesos
                                 
2018 2019 2020 Sep
Institutions 2020 2021 p
                         
T o t a l 21,093 22,960 24,320 23,477 25,033
     
  Banks 17,259 18,712 20,028 19,264 20,687
    Universal and Commercial Banks 2 15,692 17,216 18,527 17,786 19,091
    Thrift Banks 2 1,293 1,204 1,192 1,177 1,272
    Rural Banks 2 274 291 308 301 324 a
  Non-Banks 3 3,835 4,249 4,293 4,213 4,346 a
                                 
1 Excludes the Bangko Sentral ng Pilipinas;  amount includes allowance for probable losses.
2 Data prior to 2008 were based on the Consolidated Statement of Condition (CSOC), assets were adjusted gross of probable 
losses and net of amortization and depreciation. Data from March 2008 onwards are based on the Standardized Report Forms,
a unified framework for reporting monetary and financial statistics to the IMF wherein assets are reported gross of amortization,
depreciation and allowance for probable losses.
3 Based on the CSOC. Includes Investment Houses, Finance Companies, Investment Companies, Securities Dealers/Brokers,  
   Pawnshops, Lending Investors, Non Stocks Savings and Loan Associations, Credit Card Companies  (which are under BSP
supervision), SSS, GSIS and private insurance companies. 
p   Preliminary
a   As of end-June 2021
Note: Details may not add up to total due to rounding.
Source:  Bangko  Sentral ng  Pilipinas