Financial account ownership among Filipinos at 50% — BSP
Resumen detallado
HALF of Filipino adults had formal financial accounts in 2025, with gains recorded among the youth and women, a Bangko Sentral ng Pilipinas (BSP) survey showed. According to the…
HALF of Filipino adults had formal financial accounts in 2025, with gains recorded among the youth and women, a Bangko Sentral ng Pilipinas (BSP) survey showed.
According to the BSP’s 2025 Consumer Finance and Inclusion Survey (CFIS) released this week, 50% of Filipino adults owned bank, e-wallet, and other types of transaction accounts in 2025, down from 56% in 2021.
“This was partly driven by a decrease in transaction accounts linked to loans, particularly from microfinance institutions and cooperatives. This trend was consistent with the lower incidence of borrowing from these institutions,” the central bank said.
Adults with accounts with microfinance institutions and cooperatives went down to 5% and 2% last year, respectively, from 9% and 5% in 2021, the data showed.
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