The Chamber of Thrift Banks (CTB), the leading organization representing the Philippines’ thrift banking sector, announced the continued robust growth, strengthened capital, and unwavering commitment of its members to supporting underserved markets, including small and medium enterprises (SMEs), housing, and consumer lending.
“We are pleased to report that the Chamber of Thrift Banks has continued to demonstrate remarkable growth and adaptability through the years,” stated CTB President Mary Jane A. Perreras. “From our origins in 1974 as a small industry group, the Chamber has evolved into a leading voice for thrift banks across the Philippines, representing their interests with strength and clarity.”
As of December 31, 2024, the thrift banking sector showcased impressive financial health, posting total assets of ₱1.10 trillion, marking a 6% increase from the previous year. Lending activities saw significant expansion, with core loan portfolios growing by 14.7% to ₱777.28 billion, underscoring the sector’s sustained commitment to financial inclusion. Public trust was further reflected in a 4.7% increase in deposit liabilities, reaching ₱826 billion. The sector also maintained a robust capital base of ₱174 billion, with a capital adequacy ratio of 17.88%, comfortably exceeding regulatory requirements. Despite external challenges, the non-performing loan ratio remained manageable at 6.67%, indicative of sound credit risk management.
CTB has actively shaped policies to foster operational sustainability and innovation within the sector. The Chamber played a pivotal role in the Bangko Sentral ng Pilipinas (BSP) Technical Working Group on the Standard Business Loan Application Form (SBLAF), an initiative that streamlined loan processing and offered regulatory incentives to early adopters. “Through our quarterly engagements with the BSP’s Bank Supervision Policy Committee, we continue to advocate for regulatory adjustments that reflect the realities of thrift banks, including the proposed lowering of the Minimum Liquidity Ratio from 20% to 16%,” Perreras added.
In line with its forward-looking vision, CTB continues to champion digital transformation, particularly assisting smaller banks with resource constraints. Many member banks have successfully upgraded their digital infrastructure, adopted stringent cybersecurity protocols, and launched digital literacy programs to safeguard consumers in an increasingly connected financial ecosystem. Collaborative efforts with fintech firms and low-code platform providers have also enabled thrift banks to efficiently roll out customized digital services.
“Looking ahead, we will remain steadfast in promoting sound risk management, operational excellence, and sustainable growth,” Perreras concluded. “Our goal is to strengthen the thrift banking sector’s contribution to inclusive economic development, ensuring our members remain key providers of financial access in communities across the country.”
In a testament to its commitment to sector-wide progress, CTB will host its 51st Annual Convention on July 15, 2025, at Dusit Thani Manila in Makati City. The event, themed “Thrift Banks 2025: Resilience in Hybrid Banking,” will convene industry leaders to explore strategies for growth and transformation. Ms. Chuchi G. Fonacier, Deputy Governor of the BSP, is slated to deliver the Keynote Address.
