Bangko Sentral ng Pilipinas
Established in 1993 pursuant to the provision of Republic Act 7653, the Bangko Sentral ng Pilipinas is the central bank of the Philippines. It is tasked with maintaining the price stability conducive to a balanced and sustainable growth of the economy and employment and promote and maintain monetary stability in the Philippines.
See below for the Latest Bangko Sentral ng Pilipinas News, Analysis, Profit Results, Share Price Information, and Commentary.
PH central bank completes proof-of-concept test for wholesale CBDC
PH central bank completes proof-of-concept test for wholesale CBDC
Project Agila enabled banks to transfer funds during off-business hours.
BSP underscores PH's potential as investment destination for Islamic finance
This is thanks to the country's drive for financial inclusion and robust economy amongst others.
Philippine bank loans up 10.6% in October
Consumer loans grew by 23.6% in the same month.
Philippine banking assoc unveil new interest rate swap market
The central bank expects PESO IRS to boost transactions.
Overseas Filipinos’ remittances up 3.3% to $3.2b in August
Cash remittances coursed through banks rose by 3.2% during the month.
The Philippines launch financial inclusion website
The website features the latest regulations, issuance, and initiatives from FISC agencies.
Thailand, Philippine central banks discuss AI, digital payments in bilateral meeting
They discussed the use of AI to support the central bank’s work, amongst others.
Is BSP’s cyber resilience plan the key to protecting finance in 2025?
The central bank plans to mainstream cybersecurity in schools to close the skills gap.
BSP enforces tailored cyber resilience rules for smaller institutions
The framework ensures flexibility and proportionality in cybersecurity requirements.
Philippine central bank gearing up for digital marketplace, new digital banks
Up to four new digital banks may enter the market.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Philippines’ BSP announces countermeasures against fake banknotes from ATMs
The banking regulator earlier warned the public of counterfeit notes from ATMs.
Philippines' central bank warns public of fake banknotes from ATMs
The public is urged to examine banknotes carefully after using a machine.
Philippine banks’ bad loans total $9.41b in November 2021
The figure is a slight improvement from October’s gross NPLs.
Philippine financial regulator mulls offline digital payment solutions
The move is part of the BSP’s Digital Payments Transformation Roadmap.
MAS, BSP ink enhanced fintech cooperative agreement
Singapore and Philippines' remittance flows totalled S$2.89b last year.
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