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And what are the largest banks in each category based on total assets.
According to most recent data, more than 70 percent of the population of the Philippines remains unbanked—or those that do not yet have an account with a bank or formal financial institution. In the Philippines, banks are classified into three main categories: rural ...
It’s a long-term investment for the Filipino youth.
Financial literacy has been a topic of concern in the Philippines for quite some time, a fact that the Bangko Sentral ng Pilipinas (BSP) is well aware of. In 2015, a World Bank study reported that Filipino adults could only correctly answer ...
But a majority of them still have a negative sentiment about their current economic situations.
The consumer confidence index, which the Bangko Sentral ng Pilipinas (BSP) uses to measure Filipinos’ current sentiments about their households, stood at -0.5 for the first quarter of 2019.While the negative index means that more consumers are pessimistic rather than optimistic about ...
President Duterte made a surprise appointment of the former Budget Chief who’s facing corruption allegations.
The Bangko Sentral ng Pilipinas (BSP) has a new chief.Moving from the Department of Budget (DBM), now-former Secretary Benjamin E. Diokno has assumed the top position at the Bangko Sentral ng Pilipinas (BSP) starting today, March 5.Diokno replaced the late BSP Governor ...
The Philippines still has a low savings rate.
The average bank balance of most Filipinos is less than P5,000.The Bangko Sentral ng Pilipinas (BSP)'s latest report (2017) on the State of Financial Inclusion shows 62 percent of all deposit account holders in the country only keep P5,000 and below in ...
The Confidence Index also saw its biggest quarter-on-quarter drop since the survey started.
The consumer confidence index, which measures Filipinos’ sentiment regarding their households’ financial and economic status, stood at -22.5 percent for the fourth quarter of 2018, according to the Bangko Sentral ng Pilipinas (BSP).This is much lower than the -7.1 percent index recorded ...
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