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
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
BSP. (August 22, 2022). Share of Filipinos with a formal account from a financial provider in 2021, by area [Graph]. In Statista. Retrieved November 24, 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 November 24, 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: November 24, 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 November 24, 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/
