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39 Cards in this Set
- Front
- Back
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Design Elements |
1. Golden Philippine Eagle2. Shape3. Golden Stars4. Corporate Text5. Dominant Colors |
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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. |
VISION |
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The logo employs a photorealistic rendering of a Philippine eagle in flight, signifying the strength of leadership and foresight that the BSP provides in the financial sector and the economy.The eagle's outstretched wings and tail feathers symbolize the BSP's balanced, inclusive approach to growth and development, while also conveying the central monetary authority's mastery over its field.The eagle's head and eyes face east, expressing the BSP's vigilance and readiness to seize challenges and opportunities that rise over the horizon.The talons represent the strong will, resolve, and the monetary and financial tools that the central bank uses in discharging its mandates. |
GOLDEN PHILIPPINE EAGLE. |
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The logo is contained within a perfect circle—without sides, a beginning, or an end—accentuated by a bold border, to convey the singular and integrative nature of the BSP and its impartial approach to holistic growth and development. |
SHAPE |
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represent the three pillars of central banking (price stability, stable banking system, and a safe and efficient payments and settlements system), as well as the BSP's commitment to promote and sustain a high quality of life for all Filipinos, across Luzon, Visayas, and Mindanao. |
GOLDEN STARS |
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The name of the Bangko Sentral ng Pilipinas is rendered in gold, using a clean sans-serif font, to signify the Bank's operational efficiency, clarity of vision, and single-mindedness of purpose. |
CORPORATE TEXT. |
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-Yellow gold and midnight blue dominate the new logo’s color scheme to evoke the BSP’s stature as a premier government agency. -The yellow gold foreground elements represent the BSP's aim to promote economic growth and prosperity, and the high standards of ethics and performance it holds.-The two-tone midnight blue background is evocative of the honor, dignity, and noble character of the Filipino people, and the BSP's unwavering commitment to serve the nation. |
DOMINANT COLORS |
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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. |
BSP mandates |
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The BSP's main responsibility is to formulate and implement.policy in the areas of money, banking and credit with the primary objective of preseving price stability.Price Stability refers to a condition of low and stable inflation. |
Banko Sentral ng Pilipinas Price Stability |
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The central bank function as an independent authority and is responsible for controlling, regulating and stabilizing the monetary and banking structure of the country. |
Main Function of the central bank |
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4 Functions of the central bank |
- lender of the last resort for financial stability - being a bank to the government - implementing monetary policy - regulating the financial sector |
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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 policy |
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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. |
Monetary Operations |
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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. |
Systemic Risk Management |
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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. |
Financial Supervision |
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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. |
Payments and Settlements System Oversight |
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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. |
Currency Management |
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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. |
Inclusive Finance |
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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. |
Loans and Credit Operations |
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The BSP maintains a healthy level of international reserves to provide liquidity support in times of volatility in the exchange rate and balance of paymen |
International Reserves Management |
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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 Operations |
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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. |
International Economic Cooperation |
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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.
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Economic Education |
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- Represent the largest single group, resource- wise, of financial institutions in the country |
UNIVERSAL & COMMERCIAL BANKS |
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Top 10 Universal and Commercial Banks |
• Banco de Oro (BDO Unibank, Inc.)...• Metrobank (Metropolitan Bank and Trust Company) ...• Bank of the Philippine Islands. ...• Landbank of the Philippines....• Security Bank Corporation....• Philippine National Bank.• Chinabank (China Banking Corporation)• Development Bank of the Philippin |
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offer the same variety of banking services offered by a universal bank. However, it cannot engage in underwriting and other functions of an investment house. |
Commercial Banks |
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is composed of savings and mortgage banks, private development banks, stock savings and loan associations and microfinance thrift banks. |
THRIFT BANKING SYSTEM |
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Thrift Bank Examples |
1. Allied Savings Bank2. City Savings Bank3. Legazpi Savings Bank, Inc.4. Luzon Development Bank 5. EIB Savings Bank, Inc.6. LBC Development Bank7. Liberty Savings Bank Inc.8. Isla Bank ( A thrift Bank Inc.) |
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are the more popular types of banks in the rural communities. Their role is to promate and expand the rural economy in an orderly and effective manner by providing the people with basic financial services. |
Rural Cooperative Banks |
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Rural Bank Association of the Philippine Member:Banks |
1.Bolinao Bank (Rural Bank of Bolinao, Inc.) 2. Green Bank, (Rural Green Bank of Caraga), Inc.3. The Green Bank (Rural Green Bank of Caraga, Inc.) was established in 1975 as the Rural Bank of Nasipit, Inc. ...4. Peninsula Rural Bank, Inc. (...5. Quezon Capital Rural Bank (QCRB)6. The New Rural Bank of San Leonardo |
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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. |
MISSION |
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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. |
MONETARY BOARD |
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CORE VALUES |
EXCELLENCE PATRIOTISM INTEGRITY SOLIDARITY ACCOUNTABILITY |
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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. |
MISSION |
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Consistently doing our best to master our craft, continually improving our competencies and learning new things in pursuit of the organizational coals. comparable to the best practices of other central banks |
Excellence |
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selfless commitment to the service of theFilipino people and the country |
Patriotism |
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Performing mandate with sincerity honesty and uprightnes, worthy of respect and mulation from others. |
Integrity |
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Performing with team spirtt: acting and thinking as one in the pursuit of common goals and objectives |
Solidarity |
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Taking full responsibility for one's or group's actions. |
Accountability |
