1 1 1 Second Semester 2016 !.1$%$VIV$ `:C%`V]Q` %1$%]`V]:`VR%]%`$%:J % Q%1VHQJ% ^H_5%9`HCV%%Q`%<V]%GC1H%9H %^<898_%?Q8% % ^!.V%?V1%DVJ `:C%E:J@%9H _5%<898%?Q8% %^!.`1 %E:J@%9H %Q`% _5%<898%?Q8% 5%:$%:IVJRVR%G7% <898%?Q8% %^9IVJRVR%<%`:C%E:J@%9H %Q`% _5%<898%?Q8% 5%:$%:IVJRVR%G7%<898%?Q8% % ^9IVJRVR%MQ`V1$J%E:J@%O:1_%:JR%<898%?Q8% %^MQ`V1$J%D%``VJH7%PV]Q$1 %9H %Q`% _5%<898%?Q8% % ^<V01$VR%?QJR1 QH@%1:01J$$%:JR%OQ:J$%9$$QH1:QJ%Q`% _5%<898%?Q8% %^E:`:J$:7%T1H`Q%E%$1JV$$% UJ V`]`1$V$%9H %Q`%_%:JR%<898%?Q8%%^9$`1R9$`:%<V`Q`I%9H %%Q`% _5%G7% .V%V HV%Q`%1%]V`01$Q`7% XQC1H7%PV0VCQ]IVJ 5%1%]V`01$1QJ%:JR%U6:I1J:QJ%1VH Q`5%E:J$@Q%1VJ `:C%J$%X1C1]1J:$8%%9%$7JQ]$1$%Q`% .V% `V]Q` %1$%:0:1C:GCV%QJC1JV%: %.]7LL1118G$]8$Q08].8 !!#%-$%(3.#04'1-07%0-*'!7%2#4#*-.+#,2 ii Table of Contents Page Number Glossary of Terms i Prologue v The Philippine Financial System: Sustaining the Growth Momentum 1 %%%%EQ6%9`HCV%?Q8%7% %<V]Q` %QJ% .V%]I]CVIVJ :QJ%Q`%<V]%GC1H%9H %?Q8% 5%% %%%%%%%%%%%%%%%%%%%%%!.V%>E:`:J$:7%T1H`Q%E%$1JV$$%UJ V`]`1$V$%9H %Q`%?% %%%%%%%%%%%%%%%%%%%%%% 2 %%%EQ6%9`HCV%?Q8%7%1%$ :1J1J$%M1J:JH1:C%O1J@:$V$%11 .%9$1:% %%%%%%%%%%%%%%%%%%%%%%^X.1C1]]1JV%E:J@$;%D`Q$$REQ`RV`%M1J:JH1:C%XQ$1QJ% %%%%%%%%%%%%%%%%%%%%%%:$%Q`%UJRR1V] VIGV`% _%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 4 %%%%EQ6%9`HCV%?Q8%7%1 `: V$1H%XQC1H7%<V`Q`I%9$VJR:%`Q`% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 6 The Banking Sector %!.V%X.1C1]]1JV%E:J@1J$%17$ VI 8 %%%%!`%$ %V]V`:QJ$ 19 %%%%!.V%MQ`V1$J%D%``VJH7%PV]Q$1 %J1 %17$ VI%%% % 22 !.V%MQ`V1$J%E:J@%E`:JH.V$%:JR%1%G$1R1:`1V$%% 25 The Non-Bank Financial Institutions %?QJRE:J@%M1J:JH1:C%]J$ %QJ$%11 .%b%:$1RE:J@1J$%M%JHQJ$%% % 30 ?QJR1 QH@%1:01J$$%:JR%OQ:J%9$$QH1:QJ$ 32 Appendices %%%%!:GCV$%% % % %%%%%% Schedules %%%%P1`VH Q`7%Q`%X.1C1]]1JV%E:J@$%:$%Q`%%PVHVIGV`% Supervision and Examination Sector iii iii iii Second Semester 2016 Glossary of Terms A. 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