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.

Primer
 

Who We Are Audited Financial Statements Facilities Acquired Properties for Sale

Who We Are
Mandate, Functions & Responsibilities

Monetary policy
 
The primary objective of BSP's monetary policy is to promote a low and stable inflation conducive
to a balanced and sustainable economic growth. The adoption of inflation targeting framework for
monetary policy in January 2002 is aimed at achieving this objective.
Monetary Operations
 
Monetary operations refer to the buying/selling of government securities, lending/borrowing
against underlying assets as collateral, acceptance of fixed-term deposits, foreign exchange
swaps, and the use of other monetary instruments of the Bangko Sentral aimed at influencing the
underlying demand and supply conditions for central bank money.
Systemic Risk Management
 
The promotion of “Financial Stability” is a formal mandate that is uniquely ascribed to the Bangko
Sentral ng Pilipinas (BSP). This is provided for in the amended BSP Charter (Republic Act No.
11211) which was signed by President Duterte in February 2019.

Financial Supervision
 
The Bangko Sentral has supervision over the operations of banks and exercises such regulatory
powers as provided in the New Central Bank Act and other pertinent laws over the operations of
finance companies and non-bank financial institutions performing quasi-banking functions.
Payments and Settlements System Oversight
 
Payment systems are essential to the effective functioning of financial systems worldwide. They
provide the channels through which funds are transferred among banks and other institutions to
discharge payment obligations arising from economic and financial transactions across the entire
economy. An efficient, secure and reliable payment system reduces the cost of exchanging goods
and services, and it is an essential tool for the effective implementation of monetary policy, and the
smooth functioning of money and capital markets. It is this key role played by payment and
settlement systems (PSS) in the smooth functioning of an economy in general and its financial and
monetary system in particular that gives the central bank (CB) a strong incentive for ensuring that
an effective, reliable and secure payment and settlement system is in place.
Currency Management
 
The BSP has the exclusive power and authority to issue the national currency. BSP’s notes and
coins are issued against, and in amounts not exceeding, the assets of the BSP. All notes and coins
issued by the BSP are fully guaranteed by the government and are considered legal tender for all
private and public debts.

Inclusive Finance
 
In line with its strategic mandate to promote broad and convenient access to high quality financial
services and consider the interest of the general public, the BSP undertakes various programs and
policy initiatives aimed at enhancing financial inclusion, financial education, and consumer
empowerment.
Loans and Credit Operations
 
The BSP extends discounts, loans and advances to banking institutions in order to influence the
volume of credit consistent with objective of price stability and maintenance of financial stability. It
also grants loans or advances to banking institutions in precarious financial condition or under
serious financial pressures, subject to certain conditions.
International Reserves Management
 
The BSP maintains a healthy level of international reserves to provide liquidity support in times of
volatility in the exchange rate and balance of payments.

International Operations
 
The BSP’s mandate on international operations under the purview of the International Operations
Department is to support the promotion and maintenance of price stability, external sustainability,
and the integrity and value of the Philippine peso through the effective management of external
debt, foreign investments and other foreign exchange (FX) transactions.
International Economic Cooperation
 
The BSP’s proactive engagement in various regional and international fora significantly contributed
to domestic policy formulation; assured partners through established crisis prevention safety nets;
broadened opportunities offered by financial integration and cooperation agreements; and raised
skills and knowledge through capacity building initiatives.

Economic Education
 
The BSP’s Economic Education Portal provides the general public a guided access on the BSP’s
collection of information on economic education for them to better understand and appreciate the
role of the BSP, as the country’s central bank, in the Philippine economy. As the portal strategically
presents the BSP’s available learning materials, it aims to develop and strengthen the public’s
knowledge on economic concepts that could eventually guide them in making sound economic
and financial decisions.

Vision, Mission and Core Values

Vision
 
English Version

The BSP aims to be recognized globally as the monetary authority and primary financial system
supervisor that supports a strong economy and promotes a high quality of life for all Filipinos.

Filipino Version

Naghahangad ang BSP na makilala sa buong mundo bilang pangunahing tagapamahala ng

sistema at kaayusan ng pananalapi at ekonomiya upang maitaguyod ang mataas na antas ng
kabuhayan para sa lahat ng Filipino.

Mission
 
English Version

To promote and maintain price stability, a strong financial system, and a safe and efficient
payments and settlements system conducive to a sustainable and inclusive growth of the
economy.

Filipino Version

Itaguyod at panatilihin ang katatagan ng presyo ng mga bilihin at ng sistemang pinansyal, at ng

mahusay, ligtas at maaasahang pamamaraan ng pagbabayad upang makatulong sa patuloy na
paglago ng ekonomiya at pag-angat ng kabuhayan ng lahat ng mga Filipino.

Core Values
Organization and Governance
Organizational Structure
 

Governance of the Bank

 
The Monetary Board exercises the powers and functions of the BSP, such as the conduct of
monetary policy and supervision of the financial system. Its chairman is the BSP Governor, with five
full-time members from the private sector and one member from the Cabinet. The Governor is the
chief executive officer of the BSP and is required to direct and supervise the operations and
internal administration of the BSP.
Seal, Charter & History
BSP Seal BSP Charter History of the Bank
     

Audited Financial Statements

The Management of the Bangko Sentral ng Pilipinas (BSP) is responsible for the preparation and
fair presentation of the financial statements in accordance with Republic Act No. 7653 (the New
Central Bank Act) and applicable Philippine Financial Reporting Standards and Philippine
Accounting Standards as aligned with the International Financial Reporting Standards and
International Accounting Standards, and for such internal control as management determines is
necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.

Facilities
Money Museum
 
Within the complex of the Bangko Sentral ng Pilipinas, the nation's central monetary authority,
resides a numismatist's haven - the Museo ng Bangko Sentral ng Pilipinas. Inaugurated on January
3, 1999, as part of the celebration of the 50 years of central banking in the Philippines, the Museo
showcases the Bank's collection of currencies.

Economic and Financial Learning Center

 
The focal point of contact of the public of information concerning economic and financial matters.
Instead of gathering various information from different departments/locations within the BSP,
researchers can just visit the EFLC for their information requirements.
 KYM Briefing
 
The Currency Management Sector (CMS) regularly conducts two (2) Know Your Money (KYM)
Programs with gallery tour of the various phases of printing banknotes and security documents.

Acquired Properties For Sale

BSP-acquired properties are available for sale initially through public auction, and in case of
unsuccessful bidding, are offered for negotiable sale. The sale of BSP-acquired properties shall be
on an "As is, Where is" basis and the buyer shall undertake the responsibility to acquire and
maintain peaceful possession and enjoyment of the property at his expense.

Search through our list of available properties for sale via the links below:

Properties for Public Auction

Properties for Negotiated Sale

Click here to download forms.

Interested buyers may inquire through email at acquiredassets@bsp.gov.ph

Direct lines: 5306-3417, 5306-2911, 5306-2912, and 5306-3415