Philippines Banking & Financial Services Q2 2020

Philippines Banking & Financial Services Q2 2020

Key View:

Against the backdrop of a steady rebound in forecast economic growth and monetary policy loosening we continue tohold a positive view on the Filipino banking and financial services sector. While our forecasts have remained largely intact within theextension of our forecast period to 2024 in this update, with the exception of an upwards revision to banking sector assetgrowth and a downward revision to client loan growth, the risk factors have changed. The banking sector, within which penetrationremains low, faces a slight worsening of asset quality and a threat to profits within monetary loosening since our last update. Politicaland security environment headwinds remain an ongoing threat to all four sectors we track. However, both segments of theinsurance market and the expanding asset management industry are set to continue benefiting from rising household incomes andan expanding middle class. Furthermore, the country's underdeveloped but growing stock exchange market remains susceptible tothe slowdown and deteriorating business environment.


Key View
SWOT
Banking & Financial Services SWOT
Banking
Banking Snapshot
Philippine Banks’ Profitability To Remain Buoyant In 2020
Forecast Tables
Competitive Landscape
Regulatory Environment
Insurance
Insurance Snapshot
Competitive Landscape
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Regulatory Environment
Macroeconomic Overview
Philippine Growth Set To Achieve Lower-End Of 6-7.0% Target Range
Macroeconomic Forecasts
Household Income Forecasts
Philippines Demographic Outlook
Banking & Financial Services Methodology

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