Rise in Bank Account Ownership Among Youth and Women
Bank account ownership rose among young adults and women in the Philippines in 2025, a Bangko Sentral ng Pilipinas (BSP) survey says.
From 2021, a 27% increase in account ownership in young adults aged 15 to 19, while a 20% increase was noted among Filipino women.
Financial accounts include bank, e-wallet, and other types of transaction accounts, according to the 2025 Consumer Finance and Inclusion Survey (CFIS).
Technology Boosts Banking Decisions
The figures suggest that given the savviness in technology and information availability, Filipino youth are making more informed financial decisions.
On the other hand, the CFIS recorded that account ownership among adults has decreased 6% in 2025 from 2021. At the same time, a notable decrease was recorded for borrowing rates of Filipino adults, from 45% in 2021 to 25% in 2025.
The decline was driven by adult-owned accounts that are linked to loans and microfinancing institutions.
