Universal and commercial banks (U/KBs) in the Philippines showed a dip in capital adequacy at the end of the fourth quarter of 2013 from a year earlier, but private analysts and the central bank said the sector remained well capitalized against risks.

In a statement on Wednesday, the Bangko Sentral ng Pilipinas (BSP) said the universal and commercial banking sector’s capital adequacy ratio (CAR) stood at 16.50 percent at the end of December 2013, down from 17.28 percent on a solo basis at end-2012. Consolidated with their subsidiary and quasi-banks, the ratio was down at 16.75 percent from 18.35 percent previously.

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