How to deliver it is as important as what to deliver.”7 In this context the efforts of the government, the Reserve Bank and the banking industry to provide banking services through financial inclusion have to be seen, appreciated and pushed forward with greater vigour.
These reforms promote healthy competition in the banking system that drives more efficiency and better service delivery. 2/5  BIS central bankers' speeches  The Philippine banking system today is on very sound footing. It continues to be a stable anchor for the economy. Again, this is the result of deep and meaningful financial sector reforms boldly implemented.