The third quarter of 2025 saw a seismic upheaval in Philippine government, as government officials, lawmakers, and contractors were investigated on accusations of corruption related to flood control projects. Weakened confidence in the country’s institutions affected markets, and BusinessWorld’s Quarterly Banking Report for the third quarter of 2025 examines how such governance failures and controversies weighed on the banking sector, slowing asset and loan growth among universal and commercial banks. The report gathers the responses from regulatory and industry bodies, including renewed pushes to amend bank secrecy laws, improve mandated credit implementation, and strengthen transparency and efficiency across the financial system. Also featured are developments in consumer protection initiatives, the rise of digital remittances, and analysts’ outlook for local financial markets and bank stocks in the coming quarter.