Capital Market

Stock of securities financial intermediation, according to investment sector (Billions of pesos)
Sel. Serie II.2008 III.2008 IV.2008 I.2009 II.2009 III.2009 IV.2009 I.2010 II.2010 III.2010 IV.2010 I.2011 II.2011 III.2011 IV.2011 I.2012 II.2012 III.2012 IV.2012 I.2013 II.2013 III.2013 IV.2013 I.2014 II.2014 III.2014 IV.2014 I.2015 II.2015 III.2015 IV.2015 I.2016 II.2016 III.2016 IV.2016 I.2017 II.2017 III.2017 IV.2017 I.2018 II.2018 III.2018 IV.2018 I.2019 II.2019 III.2019 IV.2019 I.2020 II.2020 III.2020 IV.2020 I.2021 II.2021 III.2021 IV.2021 I.2022 II.2022 III.2022 IV.2022 I.2023 II.2023 III.2023 IV.2023 I.2024 II.2024 III.2024 IV.2024 I.2025
Central Bank bills 1,219 1,599 1,284 2,043 1,972 3,493 3,606 4,490 2,335 2,733 1,678 2,933 3,462 3,773 990 3,499 2,350 2,165 0 2,280 2,533 2,480 927 2,098 3,138 3,475 1,000 2,465 2,440 2,550 900 2,861 3,400 4,915 4,215 5,282 6,287 5,173 5,109 6,135 7,306 7,531 6,472 9,549 8,481 8,659 9,140 5,442 20,475 22,680 20,000 21,950 31,300 38,808 42,312 26,413 45,063 38,525 38,225 41,015 43,210 48,910 40,979 30,610 22,470 22,200 22,680 23,700
      Banks and Cooperatives 1,042 1,257 1,041 1,473 1,445 2,616 2,941 2,367 1,327 1,650 1,132 1,999 2,367 2,615 862 2,252 893 662 0 1,087 1,119 639 561 859 1,233 1,602 677 1,212 1,162 1,154 720 1,371 1,064 1,922 2,926 2,964 3,105 2,818 3,401 4,487 5,249 5,057 4,763 6,149 5,973 6,813 7,460 3,731 11,804 7,977 9,085 9,653 17,677 21,566 24,491 8,856 22,738 18,686 23,808 25,259 27,038 27,674 20,622 9,519 4,311 5,449 7,373 8,914
      Mutual and investment funds 131 290 213 463 352 809 512 1,846 653 563 239 561 456 392 72 279 244 208 0 396 322 175 210 274 565 683 219 516 460 222 149 574 391 338 227 560 598 281 211 797 566 989 612 1,823 1,126 456 617 809 4,390 9,541 7,148 7,850 8,082 11,930 12,816 12,060 12,660 12,078 10,267 11,212 11,825 16,316 16,195 16,990 14,666 12,249 12,302 11,599
      Other financial intermediaries 14 17 18 41 93 7 2 3 0 24 20 13 17 21 13 22 18 15 0 16 20 13 12 7 18 15 13 26 11 15 13 20 15 20 20 27 34 16 51 31 34 55 34 63 37 45 70 48 78 115 40 33 131 115 87 113 336 227 158 267 180 179 158 95 123 84 65 96
      Pension funds 4 29 3 2 17 9 33 43 55 5 13 91 175 139 3 5 2 42 0 154 375 325 72 646 494 388 85 498 412 69 0 404 726 1,038 606 653 748 688 867 281 196 605 482 374 194 342 500 411 2,730 3,752 2,955 3,127 3,210 2,262 1,409 2,527 2,107 1,790 2,271 1,968 1,832 1,899 1,869 2,050 1,386 1,357 1,024 1,507
      Insurance companies 1 0 1 19 12 9 3 0 12 5 0 1 1 1 0 1 1 2 0 11 5 5 13 12 11 12 3 5 3 10 8 17 23 21 21 17 15 12 17 50 37 40 25 58 15 48 54 16 59 12 38 96 67 126 156 264 178 160 67 169 337 283 222 164 126 83 57 68
      General Government 0 5 5 5 20 16 0 1 0 0 0 1 0 0 0 900 1,175 1,220 0 582 527 1,300 9 285 761 765 0 207 378 1,054 1 414 1,125 1,551 353 930 1,429 1,052 427 240 448 713 323 629 545 435 212 164 603 71 0 201 56 963 2,284 1,507 3,161 4,524 103 553 343 447 0 0 0 904 0 0
      Other resident sectors 27 2 2 39 32 26 116 230 287 484 274 268 446 604 40 21 10 17 0 34 165 23 50 16 56 9 3 2 14 27 8 60 57 25 61 132 358 305 135 250 775 51 214 451 429 520 228 263 811 1,212 734 815 2,078 1,846 1,070 918 3,375 962 1,023 720 1,280 1,768 1,700 1,792 1,857 2,076 1,860 1,516
      Foreign investors 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 20 2 162 0 0 0 0 0 0 175 0 0 0 168 508 100 527 866 375 344 214 0 0 0 0 0
Certificates of deposit 25,613 25,459 26,494 25,961 27,879 26,994 25,615 26,411 28,401 26,105 26,822 28,110 29,515 31,430 32,877 33,167 36,456 37,268 35,095 35,568 36,850 36,597 36,148 38,521 37,213 37,591 40,354 39,543 39,027 41,215 41,933 42,779 44,068 43,630 43,418 41,762 43,696 43,691 43,086 42,256 43,138 43,723 42,936 42,037 43,188 44,178 48,826 52,426 44,594 34,380 33,832 29,245 26,783 26,015 23,356 24,957 29,344 31,826 34,215 33,150 33,908 32,964 41,379 51,771 46,976 40,049 40,706 40,733
      Central Bank 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 176 209 117 46 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Banks and Cooperatives 4,430 4,589 5,139 3,558 4,570 4,552 5,525 5,881 6,754 6,072 7,469 6,935 7,444 7,288 8,350 7,299 7,596 7,852 8,091 8,217 7,886 8,148 8,703 7,775 7,155 7,572 7,170 8,187 7,750 7,669 8,124 7,682 8,287 8,300 9,672 8,708 9,326 8,943 9,278 9,090 7,987 7,667 7,528 7,608 6,460 6,536 7,397 7,457 5,187 3,296 3,110 2,463 2,279 3,864 4,130 3,657 5,338 5,508 6,733 6,203 5,820 5,466 13,764 23,425 14,605 5,466 4,644 4,167
      Mutual and investment funds 8,046 7,549 7,467 9,650 11,276 11,556 11,244 11,829 12,381 10,437 10,372 10,227 10,136 10,578 11,089 10,996 12,190 12,498 12,593 13,353 13,975 14,106 14,045 14,676 14,508 15,307 16,697 16,028 16,070 16,872 15,717 16,498 17,127 16,778 16,447 17,637 17,472 17,469 15,861 17,199 17,480 16,878 16,301 16,265 17,976 19,617 21,323 24,788 24,033 17,639 18,027 16,929 16,162 12,841 10,583 10,529 12,380 13,738 15,638 15,603 16,505 16,354 16,879 18,098 21,581 23,930 25,237 25,664
      Other financial intermediaries 1,315 1,366 1,564 1,486 1,591 869 957 962 983 1,068 1,041 1,166 1,279 1,414 1,892 1,553 928 807 862 720 574 604 839 674 718 614 697 829 714 713 744 632 598 539 554 544 584 623 630 495 575 578 557 468 401 318 459 409 387 367 390 371 291 248 397 376 429 512 462 518 492 410 594 547 389 358 278 201
      Pension funds 9,907 10,068 9,671 8,554 8,057 6,774 4,975 4,821 4,765 3,461 3,872 3,851 4,379 5,735 5,337 4,972 5,484 6,358 5,904 5,955 7,061 6,782 6,173 8,186 8,063 7,754 8,276 8,011 7,134 8,613 9,754 10,572 9,700 9,799 8,970 7,188 8,180 9,146 10,188 9,096 9,183 8,974 10,109 8,733 7,832 7,647 10,068 10,140 6,092 5,110 4,384 3,064 2,459 2,186 2,380 4,100 4,017 3,690 2,956 2,637 2,252 2,015 2,209 2,396 2,821 3,072 3,528 3,180
      Insurance companies 325 339 366 397 355 303 394 436 419 617 585 496 556 648 710 671 709 675 731 660 696 893 1,002 1,041 972 997 1,080 1,104 1,138 1,189 1,205 1,146 1,393 1,277 1,270 1,193 1,230 1,278 1,279 1,229 1,336 1,312 1,302 1,304 1,360 1,475 1,246 1,127 1,182 1,169 1,148 1,194 1,139 1,242 1,275 1,380 1,305 1,430 1,471 1,523 1,748 1,680 1,632 1,405 1,375 1,450 1,359 1,399
      General Government 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 584 282 678 668 246 104 1,521 744 823 337 692 1,284 209 375 1,588 974 619 1,123 815 156 1,273 126 113 864 52 13 408 220 362 43 168 33 0 0 0 400 0 0
      Other resident sectors 1,589 1,548 2,287 2,317 2,031 2,939 2,519 2,481 3,099 4,450 3,484 5,437 5,721 5,767 5,499 7,050 8,666 8,178 6,521 6,464 6,545 5,974 5,276 6,088 5,691 5,239 6,292 5,249 6,087 6,111 5,762 5,934 6,258 6,184 6,179 6,381 5,383 5,489 5,028 4,809 5,884 7,030 6,659 6,916 7,232 7,270 7,292 6,860 6,321 5,925 5,073 4,979 4,294 4,770 4,479 4,593 5,159 6,421 6,297 6,575 6,873 6,956 6,300 5,899 6,206 5,372 5,660 6,122
      Foreign investors 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 627 883 900 393 199 115 90 111 81 106 109 143 136 133 48 44 34 28 84 81 6 0 0 0 0 0 0 270 368 340 340 422 521 576 543 220 1 0 0 61 308 308 308 295 49 49 49 0 0 0 0 0 0
Commercial papers 421 462 501 561 598 606 503 462 458 336 307 300 315 320 267 267 255 180 208 212 157 154 177 176 176 138 184 209 186 182 137 116 194 251 279 276 274 218 228 327 378 406 449 459 399 371 373 295 150 269 460 425 321 205 275 194 366 303 408 430 470 441 511 558 688 854 1,059 931
      Banks and Cooperatives 4 3 4 3 1 93 93 95 93 15 16 14 15 19 17 15 12 5 4 2 3 14 11 11 9 8 5 4 11 9 5 6 8 10 10 12 8 6 7 4 4 2 12 14 10 11 10 0 38 50 221 162 40 4 3 0 0 0 2 2 8 9 10 17 19 15 10 11
      Mutual and investment funds 239 265 223 289 366 398 361 320 288 244 215 201 174 180 128 130 110 79 107 116 124 116 130 142 139 100 132 169 142 129 65 64 117 158 184 184 217 177 175 280 305 345 375 381 338 311 315 269 95 202 210 229 246 176 244 175 339 272 378 387 391 308 436 514 646 816 833 898
      Other financial intermediaries 14 17 27 26 19 3 4 3 4 5 4 1 1 2 2 3 4 3 1 1 0 0 1 1 3 2 1 2 3 9 8 6 7 12 18 15 1 6 7 1 4 1 1 1 8 4 6 1 0 4 6 9 10 11 12 6 5 6 5 5 5 7 8 5 4 6 3 2
      Pension funds 12 13 42 34 10 22 23 27 31 31 39 49 48 38 27 28 25 3 5 6 2 3 7 6 5 2 2 4 2 1 0 5 4 9 5 8 4 2 3 3 1 1 1 6 3 5 5 3 1 0 0 0 0 0 0 0 0 0 0 0 6 8 10 0 0 0 0 0
      Insurance companies 0 0 1 1 1 14 14 13 13 15 13 13 19 22 16 17 16 2 2 1 1 3 6 2 5 5 4 3 2 2 6 2 7 16 10 9 8 6 1 3 3 3 6 6 4 5 4 4 3 2 3 2 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      General Government 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other resident sectors 152 163 205 209 201 77 8 5 28 26 20 21 58 59 76 73 87 88 89 85 28 18 22 15 15 22 42 26 25 31 53 33 51 46 53 48 36 21 34 36 60 53 53 52 37 34 32 18 13 11 19 23 22 15 17 13 22 26 23 36 61 109 47 21 19 17 213 20
      Foreign investors 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0