Access to banking products and services in the rural areas continues to expand as deposits in rural banks rise. This proves that given their geographical reach, rural banks are seen as important access points by low-income individuals.
Data from the Philippine Deposit Insurance Corp. showed that deposits in the rural banking industry grew by 6.4 percent to P1.5 billion by end-March 2015 from P1.4 billion in the same quarter last year.
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