Nikki Yturriaga

FIN 222

Sept. 24, 2022

Let us define first the Bangko Sentral ng Pilipinas, According to the 1987 Philippine
Constitution and the 1993 New Central Bank Act, the Bangko Sentral ng Pilipinas (BSP),
popularly known as the Philippines' central bank, was created on July 3, 1993.
The act establishes the Bangko Sentral ng Pilipinas, an independent monetary body with
the primary objective of maintaining price stability. The BSP superseded the Central Bank of
the Philippines. The financial goods and services that financial institutions most frequently
offer under BSP supervision are listed below.
1. Foreign Exchange - It acts as the primary conduit between domestic and
international markets for a variety of commodities, services, and financial assets.
2. E-Money - A technical device that can be extensively utilized to make payments to
parties other than the issuer of the e-money is referred to as an "electronic store of
monetary value" or "e-money."
3. Insurance - In an insurance contract, one party is indemnified by the insurer against
losses resulting from particular calamities or hazards.
4. Deposits - Money kept at a bank is referred to as a deposit in the world of finance. A
deposit is a deal in which money is given to someone else to keep safe.
5. Remittance - Remittances are payments made from one party to another. In general,
any payment made in response to an invoice or bill can be referred to as a
remittance.
With the primary goal of maintaining price stability, the BSP's principal duty is to develop
and carry out policies in the areas of money, banking, and credit.

Meanwhile, the Landbank. The Land Bank of the Philippines is a public financial
organization that seeks a balance between carrying out its social mission of fostering rural
development and maintaining its financial viability. The Bank also supports national
government priority initiatives that promote economic growth in sectors such as micro,
small, and medium-sized firms, communications, transportation, housing, education, health
care, environment-related projects, tourism, and utilities. Lists below are the products and
services of Landbank:
1. Loan Products - A loan product enables you to pre-define the specifications for a sort
of loan that you want to offer on a regular basis.
Examples: Agricultural Lending Programs (in partnership with the National
Government), Agricultural Lending Programs (Legislated)...
2. Deposit Products - Deposit products are a wide range of financial products in which
consumers deliver (deposit) funds (in cash or digitally) with a financial institution and
may earn a financial return based on the form and duration of the deposit.
 Examples: Regular Passbook Savings Account, US Dollar Time Deposit, • Easy US
Dollar Pension…
3. Investments - An investment is an asset or item purchased with the intention of
earning revenue or increasing in value.
Examples: Trust Product and Services, Personal Equity & Retirement Account – Unit
Investment Trust Funds (PERAUITFs)...
4. Ancillary Products - Ancillary products are coverage choices that are available in
addition to the primary insurance that you have sold to a client.
Examples: Payroll Services, Revenue Collection Arrangement…
5. FCDU Products and Services - refers to a thrift bank or commercial bank founded
under Philippine regulations, or a local branch of a foreign bank doing business in
the Philippines approved by the Bangko Sentral ng Pilipinas (BSP)
Examples: Deposit from Incoming Foreign Remittance, Deposit Transactions…
LANDBANK also works to achieve its social responsibility of fostering rural development by
encouraging credit activity and financial inclusion for rural people and communities.

References:
https://www.landbank.com/public/upload/files/2020-LANDBANK-PRODUCTS-SERVI
CES.pdf
https://www.investopedia.com/terms/r/remittance.asp
https://www.oocities.org/ifuntok/ctrp/faq/sagot3.htm#:~:text=A%3A%20FCDU%2C%
20or%20Foreign%20Currency,engage%20in%20foreign%2Dcurrency%20denominat
ed
https://lawphil.net/administ/bsp/bsp.html