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As of January 2025, the value of outstanding credit card loans granted by universal and commercial banks in the Philippines reached roughly *** billion Philippine pesos. In contrast, salary-based general purpose consumption loans accounted for the lowest value of loans as of that period. 

Bank account ownership in the Philippines

Based on ÌÇÐÄÆƽâ°æ estimates, the credit card penetration rate in the Philippines has gradually increased since 2018. However, this accounts for only a minimal share of the population, as the country remains to have one of the lowest banked population share in the entire Asia-Pacific region. Among the population with a formal account from a financial provider, a larger share of the population has an e-money account than a bank account. 

Leading universal and commercial banks 

Universal and commercial banks offer vast financial services, including deposit and checking services, investment and mutual funds, and housing loans, among others. These types of banks also had the highest bank footprint in the Philippines, which was higher than thrift banks and rural and cooperative banks combined. As of the fourth quarter of 2023, BDO Unibank Inc (BDO) emerged as the largest universal bank in the Philippines based on the value of deposits.