Number of banks Philippines 2018-2023, by type

Published by
Christy Balita,
Oct 9, 2024

In 2023, there were over 30,000 financial institutions in the Philippines, 13,000 of which were banks. Across different bank types, the majority were universal and commercial banks, amounting to about 7,200. Meanwhile, there were six digital banks since 2022. 

Number of banks in the Philippines from 2018 to 2023, by type

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Release date

September 2024

Region

Philippines

Survey time period

2018 to 2023

Supplementary notes

Figures for 2020 came from earlier reporting.

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Statistics on " Banking industry in the Philippines "

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Other statistics that may interest you Banking industry in the Philippines

Overview

4

Key indicators

6

Banking system

6

Universal and commercial banks

5

Rural and cooperative banks

5

Thrift banks

5

Digital banking

6

Leading banks

5

Financial inclusion

6

Further related statistics

20

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Topics

Banking in the PhilippinesInsurance industry in the PhilippinesCoronavirus (COVID-19) pandemic in the PhilippinesE-commerce in the PhilippinesMobile internet & apps in the Philippines
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