Central Bank in the Philippines
The BSP extends discounts, loans and advances to banking institutions in order to influence the volume of credit consistent with objective of price stability. It also grants loans or advances to banking institutions in precarious financial condition or under serious financial pressures, subject to certain conditions. When availing of the loan facilities of the BSP, […]
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Head Office
A. Mabini St. cor. P. Ocampo St., Malate Manila, Philippines 1004Product Features
| Min. financing amount | ₱ 0 |
| Max.financing amount | ₱ 0 |
| Min. loan tenure | 0 months |
| Max. loan tenure | 0 months |
Contacts
| Full company name | Central Bank of The Philippines |
| Address | A. Mabini St. cor. P. Ocampo St., Malate Manila, Philippines 1004 |
| Phone number | (632) 8 708.77.01 |
| bspmail@bsp.gov.ph | |
| Social networks |
The BSP extends discounts, loans and advances to banking institutions in order to influence the volume of credit consistent with objective of price stability. It also grants loans or advances to banking institutions in precarious financial condition or under serious financial pressures, subject to certain conditions.
When availing of the loan facilities of the BSP, private banks assign to BSP their receivables including the collaterals. Upon failure of these banks or their borrowers to pay their loans, the BSP forecloses these real properties. Banks also pay their loans with properties under a dacion en pago agreement. As such, the BSP has acquired assets which it administers, preserves and disposes properly.