According to a survey on financial inclusion in the Philippines in 2021, respondents between the age of 30 and 39 had the highest formal account ownership rate at 65 percent. Respondents aged 20 to 29 and 40 to 49 years also had an ownership rate of over 60 percent. Overall, around 56 percent of the total population in the Philippines currently have an account held in formal institutions such as banks, e-money issuers, cooperatives, and microfinance institutions.
Share of Filipinos with a formal account from a financial provider in 2021, by age group
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BSP. (August 22, 2022). Share of Filipinos with a formal account from a financial provider in 2021, by age group [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1050793/philippines-share-formal-account-ownership-from-financial-provider-by-age-group/
BSP. "Share of Filipinos with a formal account from a financial provider in 2021, by age group." Chart. August 22, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1050793/philippines-share-formal-account-ownership-from-financial-provider-by-age-group/
BSP. (2022). Share of Filipinos with a formal account from a financial provider in 2021, by age group. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1050793/philippines-share-formal-account-ownership-from-financial-provider-by-age-group/
BSP. "Share of Filipinos with a Formal Account from a Financial Provider in 2021, by Age Group." Statista, Statista Inc., 22 Aug 2022, https://www.statista.com/statistics/1050793/philippines-share-formal-account-ownership-from-financial-provider-by-age-group/
BSP, Share of Filipinos with a formal account from a financial provider in 2021, by age group Statista, https://www.statista.com/statistics/1050793/philippines-share-formal-account-ownership-from-financial-provider-by-age-group/ (last visited December 22, 2024)
Share of Filipinos with a formal account from a financial provider in 2021, by age group [Graph], BSP, August 22, 2022. [Online]. Available: https://www.statista.com/statistics/1050793/philippines-share-formal-account-ownership-from-financial-provider-by-age-group/
