Company Overview of Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. The bank provides liquidity management, currency issue, lender of last resort, financial supervision, management of foreign currency reserves, determination of exchange rate policy, and micro financing services. Additionally, it develops and formulates guidelines and regulations, monetary policies, and inflation targets. BSP was founded in 1993 and is based in Manila, Philippines.
A Mabini St cor P Ocampo Street
Founded in 1993
Key Executives for Bangko Sentral Ng Pilipinas
Compensation as of Fiscal Year 2015.
Bangko Sentral Ng Pilipinas Key Developments
The Bangko Sentral ng Pilipinas, Industrial Guarantee and Loan Fund, Development Bank of the Philippines and Land Bank of the Philippines
Jul 22 15
The Bangko Sentral ng Pilipinas, the Provincial Government of Cagayan, participating cooperatives, and partner institutions such as the Industrial Guarantee and Loan Fund (IGLF), Development Bank of the Philippines and Land Bank of the Philippines, will formally launch the Cagayan Credit Surety Fund (Cagayan CSF) at the Pulsar Hotel, Tuguegarao City, Cagayan. The Credit Surety Fund Program was established in 2008 to help cooperatives and their member - micro, small and medium enterprises gain access to bank credit even without hard collaterals. The surety fund, which comes from the pooling of cash contributions of participating cooperatives, local government units and partner institutions, serves as the alternative collateral that will secure the loans of cooperative and their MSME-members. BSP's Monetary Board Member Juan D. De Zuniga, Jr., Cagayan Provincial Governor Alvaro T. Antonio will both lead the signing of the memorandum of agreement that will usher the creation of Cagayan CSF as the 39th CSF in the country. Twelve cooperatives in the province have joined the Cagayan CSF with an aggregate contribution of PHP 1.350 million, while the Provincial Government of Cagayan, through Governor Alvaro, has initially pledged PHP 5.00 million. The IGLF, DBP and LBP also expressed strong support to the Cagayan CSF. Various sectors are expected to benefit from this credit enhancement scheme which also serves as an alternative lending window for MSMEs. The program also integrates a training component to enhance the skills of participating cooperatives in the areas of credit appraisal and monitoring, entrepreneurial, financial and risk managements, and accounting system. Under the CSF Program, banks are allowed to rediscount loans granted to ensure the sustainability of credit flows to the countryside.
The Bangko Sentral ng Pilipinas to Launch Credit Surety Fund Program in the Province of Cagayan
Jul 21 15
The Bangko Sentral ng Pilipinas will be launching the Cagayan Credit Surety Fund (Cagayan CSF) on 21 July 2015 at the Pulsar Hotel, Tuguegarao City, Cagayan. Monetary Board Member Juan D. De Zuniga, Jr., and Cagayan Provincial Governor Alvaro T. Antonio will lead partner institutions, participating cooperatives and various stakeholders in the signing of the memorandum of agreement for the formal creation of the Cagayan CSF as the 39th Credit Surety fund (CSF) in the country. The fund is expected to spur economic activities towards increase in income, more job opportunities and countryside development.
Bangko Sentral Ng Pilipinas Presents at First Metro Philippines Investment Summit 2015, May-20-2015 04:10 PM
Apr 16 15
Bangko Sentral Ng Pilipinas Presents at First Metro Philippines Investment Summit 2015, May-20-2015 04:10 PM. Venue: Makati Shangri-La Hotel, Ayala Avenue corner Makati Avenue Makati City, Manila 1226, Philippines. Speakers: Amando M. Tetangco, Deputy Governor.
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