PSIC 2019 · Class

Other monetary intermediation

Open to 100%

This class covers the activities of receiving deposits and lending funds, typically performed by monetary institutions other than central banks, such as banks and credit unions.

Includes

Receiving deposits and close substitutes for deposits
Extending credit or lending funds in various forms, including loans, mortgages, and credit cards
Postal giro and postal savings bank activities
Credit granting for house purchase by specialized deposits-taking institutions

Excludes

Credit granting for house purchase by specialized non-depository institutions 6492
Credit card transaction processing and settlement activities 6619

Choose your sub-class9

The foreign-ownership rule, capital, licenses, and setup route are shown on each specific sub-class. Pick the one that matches your activity.

Details

Level: Class
Section: K Financial And Insurance Activities
Parent: 641

Sector statistics

Employed persons: 618.4K persons(May 2026)

Whole PSIC section K (not specific to this code). Source: PSA Labor Force Survey, May 2026.

Industry size

Establishments: 10,501(2022)
Employment: 166,642 persons(2022)
Revenue: ~₱1.0T(2022)

Figures are for PSIC group 641 (the nearest level PSA surveys), not this specific code. Source: PSA OpenStat, Annual Survey of Philippine Business and Industry (ASPBI), 2022. Revenue figures are approximate.

Guides from Emerhub

Set up in the Philippines

Emerhub runs the SEC and BIR filings for a foreign-owned corporation, a local corporation with structured control, employer of record, or product holding, whichever fits PSIC 6419.