Financial sector in the country is growing rapidly. New technology and players are entering and disrupting the market. The sector recorded 9.1% growth in 2016, spurred by banks and non-banking financial institutions.
Banks are listed as the most important segment. According to the central bank, the combined assets of banks in the country accounted for 81.4% of total financial assets as of 2017. However, the Philippines has significantly lagged behind other comparable ASEAN member-states in terms of access to banking services.
Market Research Philippines will help you navigate the fast-growing financial industry in the Philippines. We provide advisory services in the areas of retail and corporate banking, treasury, wealth and risk management, as well as digital banking.Our expert consultants understand the future challenges in the market and will support you by providing deep industry insights to achieve constant growth.