The banking sector in the Philippines is underdeveloped compared with that of many other ASEAN countries and the majority of Filipinos remained unbanked by the end of 2017. Despite this fact, there were a total of 390 banks in the Philippines. Apart from the banks, consumer and commercial credit in the Philippines is also supplied by other institutions such as non-stock savings and loans associations (“NSSLAs”), non-banking institutions with quasi-banking functions (“NBQBs”), as well as less organised credit providers including credit cooperatives and pawnshops. The largest banks in the Philippines are also the most tightly regulated by the BSP and consequently they are generally robust; capital adequacy in the universal and commercial banks was 15.0% in 2017, far in excess of the BSP’s minimum capital requirement of 10%.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS 

05 REGULATORY ENVIRONMENT 

06 OTHER FINANCIAL

INSTITUTIONS

07 RETAIL CHANNELS