2008 Annual Survey of Philippine Business and Industry (ASPBI) - Financial Intermediation (Total Employment of 20 and Over) : Preliminary Results

Reference Number: 

2010

Release Date: 

Monday, July 19, 2010

Number of Establishments

A total of 641 establishments were engaged in Financial
Intermediation in 2008. The sector was dominated by the following
industries with regards to number of establishments;

  • Banking Institutions (PSIC J65) had 260 (40.6%) establishments.
  • Non-Bank Financial Intermediation (PSIC J66) followed with 217
    (33.9%) establishments.
  • Insurance and Pension Funding, except Compulsory Social Security (PSIC J67) accounted for (15.8%) with 101 establishments.

(Figure 1 shows the Number of Financial Intermediation
Establishments with TE of 20 and Over by Industry Division)

 

Employment

Financial Intermediation sector generated jobs for 156,520 workers in
2008. The following industries were the top employers;

  • Almost three-fourths (73.3%) or 114,707 workers were employed by Banking Institutions (PSIC J65).
  • Non-Bank Financial Intermediation (PSIC J66) employed 17,531 (11.2%) workers.
  • Insurance and Pension Funding, except Compulsory Social Security (PSIC J67) hired 15,669 (10.0%) workers.

(Figure 2 shows Employment for Financial Intermediation
Establishments with TE of 20 and Over by Industry Division)

Revenue and Value Added

An estimated amount of PhP687.1 billion total revenue was earned in
2008. The sector generated value added of PhP314.5 billion. The top
earners for the sector were the following industries;
Banking Institutions (PSIC J65) recorded the highest share with PhP403.9 billion (58.8%) revenue and value added of PhP172.6
billion

  • Banking Institutions (PSIC J65) recorded the highest share with PhP403.9 billion (58.8%) revenue and value added of PhP172.6 billion (54.9%).
  • Non-Bank Financial Intermediation (PSIC J66) earned PhP123.9 billion (18.0%) and generated value added of PhP88.2 billion (28.0%).
  • Insurance and Pension Funding except Compulsory Social Security (PSIC J67) generated PhP116.7 billion (17.0%) revenue and value added of PhP36.8 billion (11.7%).

(Figure 3 shows Revenue and Value Added for Financial Intermediation Establishments with TE of 20 and Over by Industry Division)

 

Table 1 Summary Statistics for Financial Intermediation Establishments with Total Employment of 20 and Over

by Industry Division: Philippines, 2008
(Value in thousand pesos. Details may not add-up to total due to rounding)

Source: 2008 Annual Survey of Philippine Business and Industry (Preliminary Results)
National Statistics Office

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