English: The Bangko Sentral ng Pilipinas (BSP) 2019 Financial Inclusion Survey showed that only 28.6% of the respondents 15 years old and above have a formal account which includes bank, e-money, cooperative and microfinance institutions accounts, and only 12.2% of these respondents have bank accounts. The same survey showed that 71% have difficulty in opening an account due to documentary requirements and 58% do not have the requirements for their loan applications in a formal financial institution.
Filipino: Batay sa Bangko Sentral ng Pilipinas (BSP) 2019 Financial Inclusion Survey, 28.6% lamang ng mga respondents na may edad labing lima pataas ang mayroong formal account kabilang ang bangko, e-money, cooperative at microfinance institutions accounts, at 12.2% lamang sa kanila ang mayroong bank accounts. Ayon pa sa naturang survey, 71% ang nahihirapang magbukas ng account dahil sa documentary requirements at 58% ang walang requirement para sa kanilang loan applications sa isang formal financial institution.