The number of banking deposit accounts in the Philippines has grown to 46.9 million as of June 2014 from 39.7 million two years earlier, reflecting an improvement in what the central bank calls financial inclusion in the country.
“In what could very well be one of the most significant gains we have achieved, we have seen a sizeable increase in the number of deposit account holders,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said during the 7th General Membership Meeting of the Shareholders’ Association of the Philippines on Thursday.
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