In an exclusive interview with BusinessWorld, Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. said that “we’re fortunate that when this energy shock happened, we were also in a good position to weather that shock. So, the banks are in very good shape,” he said outside the events held at the International Monetary Fund and World Bank’s 2026 Spring Meetings in Washington, D.C. last week.
This comes as several banks in the Philippines have raised concerns about their capitalization amid the economic shocks resulting from the rising tensions from global conflict between the U.S. and Iran.
BSP Governor Remolona said Philippine banks’ capital stands at roughly about 16% relative to their assets. This figure exceeds the 10% international standard.
“Some banks, a few banks, are worried about their capital, but it’s not systemic,” he said.
The central bank chief also noted that Philippine banks have maintained a high level of liquidity, with about 180%. This is also above the 100% global benchmark.
