The Philippine banking industry saw strong growth early in 2025, with total assets growing by 9.3% as of January, based on Bangko Sentral ng Pilipinas (BSP) data. Total assets grew to PHP 27.11 trillion from PHP 24.81 trillion in January last year. Michael Ricafort, Rizal Commercial Banking Corporation’s chief economist attributed the increase to the sustained profitability of Philippine banks. …