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Banking in the Philippines - statistics & facts

The Philippines' banks are classified into three types: universal and commercial banking, rural and cooperative banking, and thrift banking. Of these segments, universal and commercial banks that accepted domestic deposits and offered checking account services had dominated the Philippines' banking industry, with its total deposits valued at approximately 12 trillion Philippine pesos.

Universal and commercial banking leading the banking sector in the Philippines

The main services of commercial banks in the Philippines are accepting deposits and offer checking account services, universal banking on the other hand provides all kinds of services of commercial banking and exercise the powers of an investment house and invest in non-allied enterprises. In the Philippines, these kinds of banks are the largest group of financial institutions and the most popular among customers with different financial needs because of its wide array of financial services.

As of October 2020, the value of loans granted by universal and commercial banks in the Philippines amounted to nearly 9.7 trillion Philippine pesos. Of these loans, approximately 364 billion Philippine pesos have been granted for motor vehicle loans for household consumption and approximately 1.6 trillion Philippine pesos worth of loans granted for production of real estate businesses in the country.

Importance of staying afloat for the banks in the Philippines

While granting loans for customers seeking financial help for a business venture or providing loans for household consumption have been increasing, a sound and healthy banking sector is essential to sustain this growing pattern. Bank loans that have nonperforming loans are generally considered bad debts and can affect a bank’s cash flows. A low ratio of nonperforming loans to total gross loans meant a healthy banking sector. As of 2019, the ratio of bank nonperforming loans to total gross loans in the Philippines was almost two percent and has significantly decreased over the past years.

Key figures

The most important key figures provide you with a compact summary of the topic of "Banking in the Philippines" and take you straight to the corresponding statistics.

Financial health and soundness of banks in the Philippines

Demographics of banking customers in the Philippines

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Banking in the Philippines".

Banking in the Philippines

Dossier on the topic

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Banking in the Philippines - statistics & facts

The Philippines' banks are classified into three types: universal and commercial banking, rural and cooperative banking, and thrift banking. Of these segments, universal and commercial banks that accepted domestic deposits and offered checking account services had dominated the Philippines' banking industry, with its total deposits valued at approximately 12 trillion Philippine pesos.

Universal and commercial banking leading the banking sector in the Philippines

The main services of commercial banks in the Philippines are accepting deposits and offer checking account services, universal banking on the other hand provides all kinds of services of commercial banking and exercise the powers of an investment house and invest in non-allied enterprises. In the Philippines, these kinds of banks are the largest group of financial institutions and the most popular among customers with different financial needs because of its wide array of financial services.

As of October 2020, the value of loans granted by universal and commercial banks in the Philippines amounted to nearly 9.7 trillion Philippine pesos. Of these loans, approximately 364 billion Philippine pesos have been granted for motor vehicle loans for household consumption and approximately 1.6 trillion Philippine pesos worth of loans granted for production of real estate businesses in the country.

Importance of staying afloat for the banks in the Philippines

While granting loans for customers seeking financial help for a business venture or providing loans for household consumption have been increasing, a sound and healthy banking sector is essential to sustain this growing pattern. Bank loans that have nonperforming loans are generally considered bad debts and can affect a bank’s cash flows. A low ratio of nonperforming loans to total gross loans meant a healthy banking sector. As of 2019, the ratio of bank nonperforming loans to total gross loans in the Philippines was almost two percent and has significantly decreased over the past years.

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