5 months Filipinos prefer to save in banks – PDIC survey Manilatimes |Biz
MEMBERS of the unbanked sector prefer to put their savings in banks if resources are made available to them, reflecting the public’s continued trust in the security provided by banking institutions, a Philippine Deposit Insurance Corp. (PDIC) survey showed. The survey, which was conducted by Kantar Philippines early this year, covered 1,500 respondents aged 18 and above. Results showed that 51 percent of the total respondents had experience in maintaining deposits in banks, but only half of them or 24.5 percent currently maintain bank deposits.Advertisements
“This indicates that half of the respondents surveyed are unbanked, having had no ... more