Financial account ownership in the Philippines has seen significant growth, particularly among women and younger generations, according to the latest survey from the Bangko Sentral ng Pilipinas (BSP). The 2025 Consumer Finance and Inclusion Survey reveals a notable shift toward greater financial inclusion across the country.
Ownership among Filipinos aged 15 to 19 jumped to 34% in 2025, up from 27% in 2021. This category includes traditional bank accounts, e-wallets, and other transaction accounts, highlighting how digital solutions are reaching younger demographics.
Women have also made substantial gains in financial access. Bank account ownership among women increased to 25% from 20% in 2021, now surpassing men, whose share declined to 22% from 26%. This reversal marks a significant milestone in gender parity within the financial sector.
"The survey indicates a positive trend toward regulated financial channels, with fewer adults reporting borrowing overall—25% in 2025 compared to 45% in 2021," the BSP noted.
The source of loans has shifted notably toward formal institutions. Sixteen percent of adults now borrow from regulated lenders like banks, while only 10% rely on informal sources. This represents a complete reversal from the pattern observed in 2021.
Financial literacy has also improved nationwide. Seventy-four percent of Filipinos correctly answered at least half of the survey's financial knowledge questions, up from 69% four years earlier. This progress suggests that educational initiatives are having a measurable impact.
These findings underscore the Philippines' ongoing efforts to expand financial access and literacy, particularly among traditionally underserved groups. The BSP continues to monitor these trends as digital banking and e-wallet usage become increasingly integrated into everyday life.