Other financial service activities, except insurance and pension funding industry leads the sector
Final results of the 2013 Annual Survey of Philippine Business and Industry showed that a total of 7,337 establishments were engaged in Financial and Insurance Activities.
Other financial service activities, except insurance and pension funding comprised 5,366 (73.1 percent) of the total number of establishments. This was followed by establishments engaged in monetary intermediation with 698 (9.5%). Ranked third were establishments engaged in activities auxiliary to insurance and pension funding and fund management activities with 395 (5.4%). (See Figure 1)
Other financial service activities, except insurance and pension funding comprised 449 (43.6 %) of the total number of establishments. This was followed by establishments engaged in monetary intermediation with 303 (29.4 %). Ranked third are establishments engaged in insurance activities with 97 (9.4%). (See Figure 1)
