Number of commercial bank branches Philippines 2012-2021

In 2021, the number of commercial bank branches in the Philippines decreased by 0.2 branches per 100,000 adults (-2.18 percent) compared to 2020. Nevertheless, the last two years recorded a significantly higher number of commercial bank branches than the preceding years.
The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products such as certificates of deposits and saving accounts to individuals and small businesses. A bank branch is a physical location of a banking corporation.

Find more statistics on other topics about the Philippines with key insights such as market capitalization of listed domestic companies as a share of GDP, broad money as a percentage of GDP, and deposit interest rate.