By Mark T. Amoguis, Research
By the end of 2016, the Philippines had 11,129 bank offices, comprising of 602 head offices and 10,527 other offices.
At that time, nearly a third or 3,504 of these banking offices cater to customers in the National Capital Region (NCR).
NCR also led the other regions in terms of bank density ratio. Computed by dividing the number of banks in a region by the number of municipalities, Metro Manila yielded a bank density ratio of 206.1, which means that on the average, the nation’s capital had 206 bank offices in each of its municipalities.