BSP Vows to Deepen Financial Inclusion in the PH
Manila: The Bangko Sentral ng Pilipinas (BSP) said it remains committed to deepening financial inclusion to ensure that more Filipinos will be onboarded to the formal financial system. The BSP made the statement late Wednesday after the release of a World Bank report showing a slight decline in financial account ownership. According to Philippines News Agency, in its Global Findex 2025 report, the World Bank said that 50.2 percent of Filipinos 15 years old and above owned an account in banks and other microfinance institutions. This was slightly lower than the 51.4 percent reported in 2021. The BSP commented that