our$approach$with$inclusion,$literacy$ and$consumerprotecon · why)we)pursue)financial)inclusion...

Our Approach with Inclusion, Literacy And Consumer Protec:on

Dr. Johnny Noe E. RavaloManaging Director

Tuesday, September 11, 2012

Dialects – 171

Provinces – 80

Regions – 17

Barangays – 41,960

Religions – 6

Why We Pursue Financial Inclusion


Trying to Make Some DisFncFons


Trying to Make Some DisFncFons

Inclusive Financeframework

Credit repaymentOn cash flow basis


What We Have Done Thus Far

Enabling Policy and Regulatory Environment


What We Have Done Thus Far

Financial EducaFon Consumer ProtecFon

Advocacy Programs

Leveraged on Available Data

Fostered PartnershipsEnabling Policy and Regulatory Environment


Microfinance savings and loans rise as microfinance banks consolidate

Growth in Microfinance

Some Evidence of Increased Financial Inclusion


Technology ConFnues to Bridge BarriersBaseline mapping of financial

service access points

• 23 EMI-‐banks, 3 EMI-‐others

• 197,500 registered mobile banking users

• 12,918 cash-‐in/cash-‐out agents

Electronic Money Ecosystem


• Wide range of appropriate financial products and services

• Pro-‐acGve financial insGtuGons

• EffecGve delivery channels

• Adequately educated and protected ciGzenry

• Comprehensive and robust financial inclusion data

• Establish a NaGonal Strategy for Financial Inclusion to achieve broad-‐based and inclusive growth

Where We Would Like to Go


Much More SFll Needs to be Done

• Understanding the needs of our target consGtuents

• Respond to these idenGfied needs with:a. calibrated policiesb. effecGve redress

mechanismsc. conGnuing financial

educaGon programs

• Validate w/ conGnuing data



• InnovaGve delivery mechanisms will be criGcal . . .



• InnovaGve delivery mechanisms will be criGcal . . .

• Because access to banking services does not mean seXng up banks and branches everywhere


• Financial inclusion brings in new consumers who are less informed & more vulnerable.

• Our investments on the triumvirate is not about what we can offer . . .

• But appreciating what our constituents need and what we do about it

MeeFng the Needs of the Triumvirate

Financial Inclusion, Financial Literacy and Consumer ProtecFon

BSP as a pro-‐acFve and client-‐driven insFtuFon


Our Approach with Inclusion, Literacy And Consumer Protec:on

Dr. Johnny Noe E. RavaloManaging Director


our$approach$with$inclusion,$literacy$ and$consumerprotecon · why)we)pursue)financial)inclusion...

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