Formal account ownership rate Philippines 2021, by age

Published by Statista Research Department, Sep 6, 2022
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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Source

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Release date

August 2022

Region

Philippines

Survey time period

January 13 to February 9, 2022

Number of respondents

1,200 respondents

Age group

15 years old and above

Special properties

among female and male users and non-users of financial products and services

Method of interview

Computer-assisted personal interviews (CAPI)

Supplementary notes

Citation formats
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Overview

5

Key indicators

6

Universal banks

5

Rural and cooperative banks

5

Thrift banks

5

Online banking and e-money

5

Leading banks

6

Financial inclusion

6

Further related statistics

12

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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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