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Philippines Banking & Financial Services Q4 2018

Philippines Banking & Financial Services Q4 2018

Key View:

Growth in the Philippine financial services' sector is expected to be far more subdued in USD terms than the growth rateswitnessed in 2016 and 2017, coming down to around 3% from higher rates of around 7% and 9% which were seen in theseprevious two years. This is largely because of the risks which are starting to mount in the Philippine economy which are detractingfrom the impressive growth trajectory which has been seen prior to 2018. Examples of risks mounting in the banking and financialservices' sectors include slowing loan growth – although FY2017 banking sector results overall were positive, generally indicatingstrong asset growth and few changes in the overall asset quality and profitability of the major Philippine banks – as interest ratehikes were implemented in both May and June 2018. Additionally, after peaking at historical levels in January 2018, thePhilippine Stock Exchange's benchmark Index has been extremely volatile, and plummeted to trading to below the 7,000-pointmark in June 2018. Overall this indicates the Philippine economy could be overheating and also demonstrates the emergence ofbroader trend of increasing investor fatigue with the Philippine business environment. These events therefore are creatingadditional difficulties for banking and financial services' sector growth over the course of this year.


Key View
SWOT
Banking
Banking Snapshot
Forecast Scenario
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
Economic Analysis
Macroeconomic Forecasts
Household Income Forecasts
Philippines Demographic Outlook
Banking & Financial Services Methodology

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