Bangko Sentral ng Pilipinas
Bangko Sentral ng Pilipinas's Overview
The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. It was rechartered on July 3, 1993, pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993 (Republic Act No. 7653), later amended by RA 11211 in 2019. The BSP's primary mandate is to maintain price stability conducive to a balanced and sustainable economic growth. It also aims to promote and preserve monetary stability and the convertibility of the national currency. Its key functions include liquidity management, currency issue, lender of last resort, financial supervision, management of foreign currency reserves, determination of exchange rate policy, and acting as the banker, financial advisor and official depository of the Government, its political subdivisions and instrumentalities and Government-Owned and Controlled Corporations (GOCCs).
Where is Bangko Sentral ng Pilipinas's Headquarters?
HQ Function
Serves as the main administrative and operational center for the central bank, housing key departments for monetary policy formulation and implementation, financial system supervision, currency management, economic research, and corporate services.
Notable Features:
The BSP Main Complex in Manila includes the primary office buildings, the Museo ng Bangko Sentral ng Pilipinas (Money Museum), the BSP Library, an executive lounge, press office, and an auditorium. The separate Security Plant Complex in Quezon City houses currency printing, coin minting, and gold refining facilities.
Work Culture:
Professional, policy-oriented, and dedicated to public service. The BSP promotes a culture of integrity, excellence, accountability, patriotism, and solidarity in fostering a stable financial system and serving the Filipino people. It emphasizes continuous learning and development for its employees.
HQ Significance:
The headquarters is the nerve center for the Philippines' monetary policy, financial stability oversight, and overall economic stewardship. Decisions made here have a profound impact on the nation's financial health, inflation, and economic trajectory.
Values Reflected in HQ: The headquarters' architecture and operations aim to reflect stability, security, transparency, and the authority and integrity expected of the nation's central monetary authority.
Location:
The Bangko Sentral ng Pilipinas primarily focuses on the domestic Philippine economy but maintains a significant international presence through active engagement with global financial institutions. This includes collaborations with the International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), Asian Development Bank (ADB), and participation in ASEAN financial cooperation initiatives (e.g., ASEAN+3). The BSP is involved in international policy discussions, regional economic surveillance, cross-border payment systems development, and capacity-building programs. It also manages the country's official gross international reserves and represents the Philippines in various international financial forums and bodies to foster cooperation and align with global best practices in central banking.
Street Address:
A. Mabini St. cor. P. Ocampo St., Malate
City:
Manila
State/Province:
Metro Manila
Country:
Philippines
Bangko Sentral ng Pilipinas's Global Presence
Quezon City, Metro Manila, Philippines
Address: Security Plant Complex, East Avenue, Diliman, Quezon City, Metro Manila
Supports the entire nation by ensuring the supply, quality, and integrity of Philippine currency and official security documents.
Cebu City, Cebu, Philippines
Address: BSP Cebu Regional Office, Osmeña Boulevard, Cebu City, Cebu
To extend the BSP's mandates and services to the Visayas, ensuring financial stability, efficient currency circulation, and supporting economic development in the region.
Davao City, Davao del Sur, Philippines
Address: BSP Davao Regional Office, Quirino Avenue, Davao City, Davao del Sur
To implement BSP policies and programs effectively in Mindanao, promoting financial stability, ensuring adequate currency supply, and contributing to the region's economic growth and financial inclusion.
La Union, San Fernando City, Philippines
Address: BSP La Union Regional Office, Quezon Avenue, Sevilla, San Fernando City, La Union
To ensure the effective implementation of BSP's objectives in Northern Luzon, focusing on maintaining monetary stability and overseeing the local financial system.
Buying Intent Signals for Bangko Sentral ng Pilipinas
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Executive Team of Bangko Sentral ng Pilipinas
As of April 2025, Bangko Sentral ng Pilipinas' leadership includes:
Investors of Bangko Sentral ng Pilipinas
Bangko Sentral ng Pilipinas has been backed by several prominent investors over the years, including:
Executive New Hires/Exits in the Last 12 Months
Key executive changes in the past year (mid-2023 to mid-2024) include the appointment of a new Governor, Eli M. Remolona, Jr., succeeding Felipe M. Medalla. Additionally, there were reappointments and new appointments to the Monetary Board.
Departures
New Appointments:
Technology (Tech Stack) used by Bangko Sentral ng Pilipinas
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Bangko Sentral ng Pilipinas Email Formats and Examples
Official email communication from the Bangko Sentral ng Pilipinas uses the domain '@bsp.gov.ph'. While specific individual email address patterns are not publicly advertised for all employees, common formats in Philippine government agencies include variations of [firstinitial][lastname] or [lastname][firstinitial]. For general inquiries, the BSP provides a main email address (bspmail@bsp.gov.ph) and specific departmental contacts on its official website.
[firstinitial][lastname]@bsp.gov.ph (e.g., jdelacruz@bsp.gov.ph) or [lastname][firstinitial]@bsp.gov.ph (e.g., delacruzj@bsp.gov.ph). Specific patterns may vary by department or individual.
Format
bspmail@bsp.gov.ph (for general correspondence)
Example
70%
Success rate
News and media
Bangko Sentral ng Pilipinas Website • May 16, 2024
Bangko Sentral ng Pilipinas news title: Monetary Board Maintains Policy Settings
The Monetary Board decided to keep the BSP’s Target Reverse Repurchase (RRP) Rate at 6.50 percent. The interest rates on the overnight deposit and lending facilities will also remain at 6.0 percent and 7.0 percent, respectively. The BSP noted that latest inflation path has shifted slightly higher but remains within target, while domestic economic activity continues to expand....more
Philippine News Agency • May 7, 2024
Bangko Sentral ng Pilipinas news title: BSP sees inflation easing further after April uptick
The Bangko Sentral ng Pilipinas (BSP) said the April 2024 inflation rate of 3.8 percent is consistent with its expectations that inflation will likely moderate in the near term. The BSP noted that while the April figure is slightly higher than March's 3.7 percent, it remains within the government's target range of 2 to 4 percent....more
Bangko Sentral ng Pilipinas Website • April 24, 2024
Bangko Sentral ng Pilipinas news title: BSP Launches Open Finance PH Pilot
The Bangko Sentral ng Pilipinas (BSP) officially launched the Open Finance PH Pilot, a key initiative under the National Strategy for Financial Inclusion (NSFI) 2022-2028. This program aims to promote financial inclusion by enabling customers to securely share their financial data with multiple accredited financial institutions, fostering innovation and competition in financial services....more
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