.png "Philippines Depositors with commercial banks (per 1,000 adults)")
| Data: | Depositors with commercial banks (per 1,000 adults) | ||||||||
| Year: | 1960 - 2013 | ||||||||
| Country: | Philippines | ||||||||
| Source: | World Bank (the information in this section is direct quotation from World Bank development data) | ||||||||
| Series Code: | FB.CBK.DPTR.P3 | ||||||||
| Topic: | Financial Sector: Access | ||||||||
| Short Definition: | 0 | ||||||||
| Long Definition: | Depositors with commercial banks are the reported number of deposit account holders at commercial banks and other resident banks functioning as commercial banks that are resident nonfinancial corporations (public and private) and households. For many countries data cover the total number of deposit accounts due to lack of information on account holders. The major types of deposits are checking accounts, savings accounts, and time deposits. | ||||||||
| Unit of Measurement: | 0 | ||||||||
| Periodicity: | Annual | ||||||||
| Base Period: | 0 | ||||||||
| Reference Period: | 0 | ||||||||
| Aggregation method: | Median | ||||||||
| Limitations and exceptions: | Access to
finance can expand opportunities for all with higher levels of access and use
of banking services associated with lower financing obstacles for people and
businesses. A stable financial system that promotes efficient savings and
investment is also crucial for a thriving democracy and market economy. There are several aspects of access to financial services: availability, cost, and quality of services. The development and growth of credit markets depend on access to timely, reliable, and accurate data on borrowers' credit experiences. Access to credit can be improved by making it easy to create and enforce collateral agreements and by increasing information about potential borrowers' creditworthiness. Lenders look at a borrower's credit history and collateral. Where credit registries and effective collateral laws are absent - as in many developing countries - banks make fewer loans. Indicators that cover getting credit include the strength of legal rights index and the depth of credit information index. |
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| Notes from original source: | 0 | ||||||||
| General Comments: | 0 | ||||||||
| Original Source: | International Monetary Fund, Financial Access Survey. | ||||||||
| Statistical concept and methodology: | Depositors with commercial banks are deposit account holders at commercial banks and other resident banks functioning as commercial banks that are resident nonfinancial corporations (public and private) and households. It is calculated as (number of depositors)*1,000/adult population in the reporting country. The major types of deposits are checking accounts, savings accounts, and time deposits. | ||||||||
| Development relevance: | Access to
finance can expand opportunities for all with higher levels of access and use
of banking services associated with lower financing obstacles for people and
businesses. A stable financial system that promotes efficient savings and
investment is also crucial for a thriving democracy and market economy. There are several aspects of access to financial services: availability, cost, and quality of services. The development and growth of credit markets depend on access to timely, reliable, and accurate data on borrowers’ credit experiences. Access to credit can be improved by making it easy to create and enforce collateral agreements and by increasing information about potential borrowers’ creditworthiness. Lenders look at a borrower’s credit history and collateral. Where credit registries and effective collateral laws are absent - as in many developing countries - banks make fewer loans. Indicators that cover getting credit include the strength of legal rights index and the depth of credit information index. |
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