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News and Events

How Much Money Does the Typical Filipino Keep in His Bank Account?

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 ...

by Pauline Macaraeg for  | February 10, 2019 10:00:00
News and Events

How Much is the Typical Filipino Depositor's Bank Balance?

Almost two-thirds of families with bank accounts keep a deposit of only Php10,000 or less

If the average balance in your deposit account is only Php5,000 or less, you’re actually in good company. Almost half of the country’s households with bank accounts have only that much in deposits, according to the Bangko Sentral ng Pilipinas (BSP)’s latest ...

by Entrepreneur Staff  | May 29, 2017 10:00:00