Other financial service activities, except insurance and pension funding activities industry dominates the sector
The final results of the 2010 Annual Survey of Philippine Business and Industry (ASPBI) showed that the Philippines had a total of 14,213 establishments engaged in Financial and Insurance Activities. Majority (95.4%) or 13,565 establishments had total employment (TE) of less than 20. The remaining 4.6 percent or 648 establishments were with total employment (TE) of 20 and over.
As shown in Figure 1, other financial service activities, except insurance and pension funding activities registered the highest with 84.7 percent of the total. Monetary intermediation, ranked second with 5.5 percent.