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Philippines Banking & Financial Services Report Q4 2017

Philippines Banking & Financial Services Report Q4 2017

BMI View: We expect robust growth over the next five years in the nominal USD Gross Value Added of thePhilippines' banking and financial services sectors, which is underpinned by the country's favourableeconomic growth trajectory, growing middle-class and stable banking sector. The country's heightenedpolitical risk and security risk profiles mean that any potential rewards to be garnered come withsignificant risks attached, and therefore render the Philippines one of the riskiest markets to operate in frombanking and financial services' perspectives in the Asian region.

The Filipino banking sector comes with many potential rewards but with many high profile risks attached.

The most pertinent rewards stem from the fact that the banking sector is largely viewed as stable, wellcapitalised and not having any significant liquidity restraints. Furthermore the sector is opening up to farmore open to foreign players with the launch of the ASEAN Economic Community (AEC) single market in2015, and as from 2014 the Filipino government has allowed 100% foreign equity in local subsidiaries ofbanks. Banking penetration rates in the country remain low on a global, indicating significant customerpotential from the country's middle class. This strong potential comes with significant downside risks fromthe high exposure to financial crimes such as money laundering, cybercrime and tax evasion, which marketentrants will face due to the country's high levels of corruption, terrorist group presence and prevalence oforganised crime.


BMI Industry View
Banking & Financial Services Industry View
Table: Financial Services Forecasts (Philippines 2015-2020)
Table: Financial Services Forecasts (Philippines 2021-2026)
SWOT
Banking & Financial Services
Banking
Banking Snapshot
Forecast Scenario
Table: Key Banking Forecasts (Philippines 2015-2021)
Forecast Tables
Table: Assets Forecasts (Philippines 2015-2020)
Table: Assets Forecasts (Philippines 2021-2026)
Table: Liabilities Forecasts (Philippines 2015-2020)
Table: Liabilities Forecasts (Philippines 2021-2026)
Table: Key Ratios Forecasts (Philippines 2015-2026)
Competitive Landscape
Table: Top 10 Commercial And Retail Banks By Total Assets, PHPmn
Table: Top 10 Banks - Asset Quality
Table: Top 10 Banks - Earnings & Profitability
Table: Top 10 Banks - Capital & Leverage
Table: Top 10 Banks - Funding & Liquidity
Regulatory Environment
Insurance
Insurance Snapshot
Table: Gross Insurance Premiums Written (Philippines 2015-2020)
Table: Gross Insurance Premiums Written (Philippines 2021-2026)
Competitive Landscape
Table: Top 10 Life Insurance Companies By Gross Premiums, USDmn
Table: Top 10 Non-Life Insurance Companies By Gross Premiums, USDmn
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Regulatory Environment
Macroeconomic Overview
Economic Analysis
Macroeconomic Forecasts
Table: Macroeconomic Indicators (Philippines 2016-2026)
Household Income Forecasts
Table: Household Income Data (Philippines 2015-2021)
Demographic Forecast
Table: Population Headline Indicators (Philippines 1990-2025)
Table: Key Population Ratios (Philippines 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Philippines 1990-2025)
Table: Population By Age Group (Philippines 1990-2025)
Table: Population By Age Group % (Philippines 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology

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