Rural Banks and inclusive growth

Access to banking products and services continues to expand, proving that the financial sector is now more inclusive as seen in the growth of microfinance loan and the growing number of banks offering microdeposits and microinsurance. Given their geographical reach, rural banks serve as important access points to low-income individuals.

With the clear agenda of the Bangko Sentral ng Pilipinas (BSP) to achieve inclusive growth, combined with the issuance of regulations that support such goal, low-income clients have gained increased access to formal financial services.