ABOUT THE BANK

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. The BSP took over from Central Bank of Philippines, which was established on 3 January 1949, as the country’s central monetary authority. The BSP enjoys fiscal and administrative autonomy from the National Government in the pursuit of its mandated responsibilities.

ROLE OF THE BANGKO SENTRAL

 

Get to know BSP with our introductory video. This video talks about the history of the BSP and its role in the Philippine economy through its three pillars of central banking: price stability, financial stability, and efficient payments and settlements system. 

 

 

ORGANIZATION AND GOVERNANCE

ORGANIZATIONAL STRUCTURE

The BSP is composed of five sectors:

  • Monetary and Economics Sector
  • Financial Supervision Sector
  • Corporate Services Sector
  • Payments and Currency Management Sector
  • Regional Operations and Advocacy Sector

GOVERNANCE
The Monetary Board, chaired by the BSP Governor, oversees monetary policy and financial system supervision. It includes five private sector members and one Cabinet member. The Governor also serves as the BSP's chief executive officer, managing its operations and administration.

 

 

To know more about Bangko Sentral, please visit the BSP website.