Number of banks reached 46.0 banks in 2019 in Philippines, according to the National Central Bank. This is 2.22 % more than in the previous year.
Historically, number of banks in Philippines reached an all time high of 46.0 banks in 2019 and an all time low of banks in. When compared to Philippines's main peers, number of banks in China amounted to 193 banks, 110 banks in Indonesia and 46.0 banks in Vietnam in 2019.
Philippines has been ranked 36th within the group of 140 countries we follow in terms of number of banks, 12 places above the position seen 10 years ago.