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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Central Bank of The Philippines https://upfinance.com/app/uploads/2019/11/bsp_150px.png
A. Mabini St. cor. P. Ocampo St., Malate Manila, Philippines 1004
(632) 8 708.77.01, bspmail@bsp.gov.ph
Interest rate 0% - 0%
Loan tenure from 0 to 0 months
Approval duration Up to 0 hours
Min. monthly income

Head Office

A. Mabini St. cor. P. Ocampo St., Malate Manila, Philippines 1004

Product Features

Min. financing amount ₱ 0
Max.financing amount ₱ 0
Min. loan tenure 0 months
Max. loan tenure 0 months

FAQ

BSP may have some effect on the prices of goods and services and achieve its inflation goals by controlling the money supply. In conducting OMO, the BSP uses two instruments: (1) repurchase (repo)/reverse repurchase (reverse repo) agreements and (2) outright purchases and sales of securities

BSP has 20 branches throughout the country, a full list can be found on the website http://www.bsp.gov.ph/contact/regional.asp

Overview of the BSP. The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. It was established on 3 July 1993 pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993.

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
E-mail 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.

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