Philippines Financial Sector Assessment Program Update : Access to Finance

World Bank

Philippines Financial Sector Assessment Program Update : Access to Finance

2011

World Bank

This technical note on access to finance addresses six questions: 1) what is the access to and use of financial services in the Philippines, how does it vary, and how does it compare to other countries? 2) What financial services are available to different market segments? 3) How do different categories of financial institutions contribute to outreach, and what is their potential to expand outreach? 4) How does the regulatory environment support access to finance? 5) What financial infrastructure is available to make credit decisions? 6) What are the results of government policies or programs to promote access to financial services? The note concludes with recommendations to improve access to finance. An estimated 30 percent of Filipinos use formal financial services. This is lower than the East Asia region average. Access to finance has improved since the 2002 Financial Sector Assessment Program (FSAP). The provision of financial services to low-income individuals has expanded. The Philippines has received international recognition for its favorable regulatory policies to promote pioneering use of mobile payments technology and its microfinance regulatory framework.

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Mots clés AGROVOC

accounting agrarian reform agricultural credit agricultural sector bank deposits bank loans banks capacity building capital market cash flow commercial banks consumer protection cooperative banks cooperatives credit cooperatives employment expenditure farmers government intervention households housing income tax indebtedness interest rates international bank land registration legislation merchants microfinance outreach profitability remittances repayment retirement risk management small enterprises small farmers social welfare taxation transaction costs transport urbanization working capital

Informations bibliographiques

Editeur

Washington, DC

D'autres materias

Savings accounts; Financial infrastructure; Credit allocations; Moneylenders; Regulatory policies; Return on assets; Deposit mobilization; Bank loan; Financial ratios; Credit decisions; Banking services; Money laundering; Credit guarantee; Credit information; Family income; Loan amount; Formal banking; Receipts; Policy environment; Deposit accounts; Financial service providers; Expenditures; Reserve requirements; Consolidation; Bank branch; Financial service; Bankers association; Financial sector assessment; Provision of credit; Operating expenses; Credit products; International finance; Technical support; Face value; Private lenders; Creditors; Financial access; Deposits; Guarantee schemes; Credits; Banking industry; Loan portfolio; Private funding; Financial transactions; Smallholder; Business development; Rural bank; Financial education; Finances; Formal financial sector; Source of credit; Consumer finance; Line of credit; Mfi; Business plan; Rural banks; Cooperative bank; Bank accounts; Bank branches; Financial agencies; Government policies; Banking sector; Credit bureau; Atm penetration; Credit information system; High interest rates; Access to finance; Land bank; Collateral requirements; International accounting standards; Bank offices; Government securities; Commercial bank; Depositors; Government financial institutions; Cooperative development; Financial literacy; Money lenders; Universal bank; Financial institution; Formal financial institution; Sources of finance; Debit cards; Securities; Documentation requirements; Access to banking services; Payment history; Balance sheet; Subsidiaries; Credit provision; Subsidiary; Lending decisions; Financial products; Borrower; Credit history; Consumer credit; Full disclosure; Accessible banking; Bank credit; Micro finance; Account maintenance; Financial system; Business development services; Earning power; Access to banking; Registration processes; Access to financial services; Factoring; Bank lending; Remittance; Microfinance loans; Credit decision; Accreditation; Pawn; Pawnshops; Information on credit; Tax returns; Mfis; Credit scoring; Credit bureaus; Microinsurance; Deposit insurance; Credit allocation; Interest rate; Pawn shops; Family incomes; Acceptable collateral; Demand for credit; Cost of credit; Debit card; Finance companies; Loan processing; Credit cards; Interest payments; Electronic banking; Information system; Micro finance institutions; Loanable funds; Loan; Bank deposit; Savings mechanisms; Business loans; Money transfers; Savings account; Formal savings; Collateralization; Exchange commission; Multinational; Return on equity; Development bank; Key performance indicators; Universal banks; Access points; Financial services; Loan payments; Lack of access; Informal financing; Collateral; Banking law; Formal financial services; Regulatory framework; Coop; Internal funds; Loan payment; Capital requirements; Credit card; Deposit; Financial performance; Formal financial institutions; Loan underwriting; Microfinance institutions; Savings product; Partial credit; Rural clients; Loan application; Credit programs

Licence

CC BY 3.0 IGO. http://creativecommons.org/licenses/by/3.0/igo. World Bank

Type

Report; Economic & Sector Work :: Financial Sector Assessment Program; Economic & Sector Work

Sur AGRIS depuis: 2022-09-15

Format: AGRIS AP

Fournisseur de données

Cette notice bibliographique a été fournie par World Bank

Découvrez la collection de ce fournisseur de données dans AGRIS

Liens

http://hdl.handle.net/10986/27415 http://documents.worldbank.org/curated/en/391301468296694006/Philippines-Financial-sector-assessment-program-update-access-to-finance

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