Bangko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines. 

PH central bank issues framework for digital payment system operators

Payment system operators are required to obtain a license from the BSP.

Philippine central bank to grant up to 4 new digital bank licenses

The moratorium for new licenses will be lifted on 1 January 2025.

Loans extended by Philippine banks up 10.1% in June

Consumer lending expanded on the back of credit card loans.

Philippine banks more wary of lending to companies

Borrowers’ net profiles and profitability reportedly deteriorated in Q2.

Philippine central bank achieves digital retail payments target

As of 2023, 52.8% of monthly retail payments are made digitally.

PH central bank welcomes new anti-financial account scamming law

It authorises the BSP to investigate cases violating law, amongst others.

Philippine central bank rolls out Intraday Settlement Facility

The ISF is designed to support a paperless process.

Philippine regulators amend FX regulations, set penalties

A maximum penalty of $17,130 is set for each transactional violation.

How GoTyme kiosks transformed grocery stores into banking hubs

The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.

PH banks’ total assets expanded 9.2% to $439.3b in 2023

Both lending and investing activity grew during the period.

Philippine loan officer fined for violating lending regulations

The officer was an employee of the now closed Ruran Bank of Buguias (Benguet).

PH central bank revokes license of local money changer

Money changer NIKKO reportedly committed “serious violations” of money laundering laws.

Philippine central bank simplifies FX policy for foreign investment registration

Foreign investments can now be registered upon registering at any authorized agent bank.

Philippine bank lending up 8.6% in Feb on higher motor and card loans

Consumer loans grew 25.2% partly due to demand for motor vehicle loans rising.

Brunei, Laos central banks formally join Regional Payment Connectivity Initiative

There are now a total of eight ASEAN central banks in the regional payment link.