According to a survey on financial inclusion in the Philippines in 2021, respondents in Mindanao accounted for the highest share of respondents with a formal account from a financial provider accounting for 67 percent. Meanwhile, respondents in Visayas, National Capital Region (NCR), and South Luzon had a formal ownership rate of over 50 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 area
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BSP. (August 22, 2022). Share of Filipinos with a formal account from a financial provider in 2021, by area [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1050873/philippines-share-formal-account-ownership-from-financial-provider-by-area/
BSP. "Share of Filipinos with a formal account from a financial provider in 2021, by area." Chart. August 22, 2022. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1050873/philippines-share-formal-account-ownership-from-financial-provider-by-area/
BSP. (2022). Share of Filipinos with a formal account from a financial provider in 2021, by area. Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1050873/philippines-share-formal-account-ownership-from-financial-provider-by-area/
BSP. "Share of Filipinos with a Formal Account from a Financial Provider in 2021, by Area." Statista, Statista Inc., 22 Aug 2022, https://www.statista.com/statistics/1050873/philippines-share-formal-account-ownership-from-financial-provider-by-area/
BSP, Share of Filipinos with a formal account from a financial provider in 2021, by area Statista, https://www.statista.com/statistics/1050873/philippines-share-formal-account-ownership-from-financial-provider-by-area/ (last visited December 26, 2024)
Share of Filipinos with a formal account from a financial provider in 2021, by area [Graph], BSP, August 22, 2022. [Online]. Available: https://www.statista.com/statistics/1050873/philippines-share-formal-account-ownership-from-financial-provider-by-area/
