Summary
Banks in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Filipino banking industry recorded assets of $476.6 billion in 2024, representing a compound annual growth rate (CAGR) of 6.2% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $265.1 billion, equivalent to 55.6% of the industry's overall value.
- The Filipino banking industry grew by 5.9% in 2024, primarily driven by the rise in consumer credit, as individuals increasingly relied on loans for housing, education, and personal consumption. The growth in consumer credit expanded banks’ loan portfolios and strengthened their overall asset base. According to the Bangko Sentral ng Pilipinas, consumer credit in the Philippines rose by 29.3% in Q4 2024 compared to Q4 2023, contributing significantly to the increase in total commercial bank assets.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the banks market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Philippines
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines banks market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Philippines banks market by value in 2024?
- What will be the size of the Philippines banks market in 2029?
- What factors are affecting the strength of competition in the Philippines banks market?
- How has the market performed over the last five years?
- Who are the top competitors in Philippines's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Bank of the Philippine Islands
8.2. BDO Unibank Inc
8.3. Land Bank of the Philippines
8.4. Metropolitan Bank & Trust Company
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Philippines banks industry value: $ billion, 2019-24
Table 2: Philippines banks industry category segmentation: % share, by value, 2019-24
Table 3: Philippines banks industry category segmentation: $ billion, 2019-24
Table 4: Philippines banks industry geography segmentation: $ billion, 2024
Table 5: Philippines banks industry value forecast: $ billion, 2024-29
Table 6: Philippines banks industry share: % share, by value, 2024
Table 7: Bank of the Philippine Islands: Key Facts
Table 8: Bank of the Philippine Islands: Annual Financial Ratios
Table 9: Bank of the Philippine Islands: Key Employees
Table 10: Bank of the Philippine Islands: Key Employees Continued
Table 11: BDO Unibank Inc: Key Facts
Table 12: BDO Unibank Inc: Annual Financial Ratios
Table 13: BDO Unibank Inc: Key Employees
Table 14: BDO Unibank Inc: Key Employees Continued
Table 15: Land Bank of the Philippines: Key Facts
Table 16: Land Bank of the Philippines: Key Employees
Table 17: Metropolitan Bank & Trust Company: Key Facts
Table 18: Metropolitan Bank & Trust Company: Annual Financial Ratios
Table 19: Metropolitan Bank & Trust Company: Key Employees
Table 20: Metropolitan Bank & Trust Company: Key Employees Continued
Table 21: Philippines Size of Population (Million), 2020-24
Table 22: Philippines Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 23: Philippines GDP (Current Prices, $ Billion), 2020-24
Table 24: Philippines Inflation, 2020-24
Table 25: Philippines Consumer Price Index (Absolute), 2020-24
Table 26: Philippines Exchange Rate, 2019-24
List of Figures
Figure 1: Philippines banks industry value: $ billion, 2019-24
Figure 2: Philippines banks industry category segmentation: $ billion, 2019-24
Figure 3: Philippines banks industry geography segmentation: % share, by value, 2024
Figure 4: Philippines banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Philippines, 2024
Figure 6: Drivers of buyer power in the banks industry in Philippines, 2024
Figure 7: Drivers of supplier power in the banks industry in Philippines, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Philippines, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Philippines, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Philippines, 2024
Figure 11: Philippines banks industry share: % share, by value, 2024
