The global economy is dependent on nature and the biosphere. Recent studies claim that the planet faces massive losses in nature and biodiversity. Such a significant loss creates risks to economies and financial systems. The Philippines is a biologically rich country that ranks high among biodiversity hotspots and is a global conservation area. This paper explores the extent to which Philippine banks are potentially exposed to risks from biodiversity loss through their lending portfolio and its impact on bank solvency using a stylized credit stress- testing exercise. Initial and preliminary results reveal that the potential direct impact of biodiversity loss on bank solvency appears to be modest. Crucially, the findings underscore the need to estimate the indirect dependencies on ecosystem services and the impact of biodiversity loss on credit and, consequently, bank solvency.