In 2023, there were over ****** financial institutions in the Philippines, ****** of which were banks. Across different bank types, the majority were universal and commercial banks, amounting to about *****. Meanwhile, there were six digital banks since 2022.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
PSA (Philippines). (September 13, 2024). Number of banks in the Philippines from 2018 to 2023, by type [Graph]. In Statista. Retrieved July 01, 2025, from https://www.statista.com/statistics/1194941/philippines-number-of-banks-by-type/
PSA (Philippines). "Number of banks in the Philippines from 2018 to 2023, by type." Chart. September 13, 2024. Statista. Accessed July 01, 2025. https://www.statista.com/statistics/1194941/philippines-number-of-banks-by-type/
PSA (Philippines). (2024). Number of banks in the Philippines from 2018 to 2023, by type. Statista. Statista Inc.. Accessed: July 01, 2025. https://www.statista.com/statistics/1194941/philippines-number-of-banks-by-type/
PSA (Philippines). "Number of Banks in The Philippines from 2018 to 2023, by Type." Statista, Statista Inc., 13 Sep 2024, https://www.statista.com/statistics/1194941/philippines-number-of-banks-by-type/
PSA (Philippines), Number of banks in the Philippines from 2018 to 2023, by type Statista, https://www.statista.com/statistics/1194941/philippines-number-of-banks-by-type/ (last visited July 01, 2025)
Number of banks in the Philippines from 2018 to 2023, by type [Graph], PSA (Philippines), September 13, 2024. [Online]. Available: https://www.statista.com/statistics/1194941/philippines-number-of-banks-by-type/