Universal and commercial banks (U/KBs) maintained its strong capitalization in the first quarter of the year, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

BSP data showed that U/KBs recorded a capital adequacy ratio (CAR) of 17.75 percent at end-March. It said that when consolidated with their subsidiary banks and quasi-banks, U/KBs registered a CAR of 18.89 percent during the period.

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