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The growths of the assets, loans and deposits relative to the economy have been on a general uptrend over the years. Bank assets-to-GDP ratio rose to 108.5 percent in end-December 2020 from 84.6 percent at end-December 2014. Loans-to-GDP similarly rose to 60.6 percent as of end-December 2020 from 44.2 percent as of end-December 2014. Meanwhile, bank deposits-to-GDP similarly rose to 83.0 percent from 64.5 percent over the same period. Based on end-September 2021 data, total loan portfolio, net of allowance for credit losses, comprised the largest share of the Philippine banking system’s total assets at 52.5 percent or 10,550.2 billion pesos followed by financial assets other than loans, net and cash and due from banks with 27.3 percent share or 5,476.5 billion pesos and 16.3 percent share 3,281.6 billion pesos, respectively. Meanwhile, other assets had 3.8 percent share or 771.5 billion pesos. In terms of bank funding, this was primarily sourced from deposits activities. Deposits were mostly peso-denominated and sourced from resident individuals and private corporations. Savings deposits had the biggest share of total deposits at 49.2 percent, followed by demand and NOW accounts at 29.0 percent share and time certificates of deposit at 20.6 percent share. LTNCDs had a minimal share at 1.3 percent. Other sources of funding such as bonds payable 651.9 billion pesos and bills payable 373.7 billion pesos remained relatively small when compared to total bank's funding as of end-September 2021.