Philippines Banking Sector Report 2023-2024

The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), regulates banks, other financial institutions with quasi-banking functions, and businesses involved in exchanging currencies. Deposit-taking and investment institutions under BSP supervision are banks, non-banks with quasi-banking functions, and non-stock savings and loan associations. Other financial institutions the central bank regulates are remittance agents, money changers, pawnshops, dealers of foreign exchange, money service businesses, issuers of e-money, as well as virtual asset providers. Banks in the country are categorised along several tiers, universal banks, commercial banks, thrift banks, rural and cooperative banks, and digital banks. Non-banks with quasi-banking functions are institutions involved in borrowing funds collateralised by debt instruments that are not deposits. Non-stock savings and loan associations (NSSLAs) are institutions that aggregate member deposits to use as funds financing personal their loans.

This report provides a complete and detailed analysis of the "Banking" sector for Philippines. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking" sector in Philippines
• Crystallise the forces both driving and restraining this sector in Philippines
• Ascertain Philippines’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Philippines.
• Build a clear picture of trends, output and consumption for specific sub-sectors