Banking

Landbank Bacacay The Landbank of the Philippines inaugurated the first-ever commercial bank in Bacacay, Albay last March 27 in keeping with its mission to promote financial inclusion in the country. The branch-lite unit would primarily serve the 56 barangays in the town as well as the nearby municipalities of Malilipot and Sto. Domingo. In addition … Read more

The Development Bank of the Philippines Net Income Increased The Development Bank of the Philippines (DBP)’s full-year net income increased by 50% in 2022, reaching PHP 5.61 billion, up from PHP 3.74 billion in 2021. The rise in the DBP’s net income is attributed to an increase in lending activities as a result of the … Read more

The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not released a 150-Piso denomination banknote featuring Dr. Jose Rizal. Images of the said banknote circulating on social media are fictitious. The public is advised to always check the legitimacy of information found on social media and other channels regarding Philippine banknotes and … Read more

Coin Deposit Machine Project (Philippines) In a ceremony held at the BSP Head Office in Manila, BSP Governor Felipe M. Medalla signed a Memorandum of Agreement (MOA) with SM Retail Inc. Controllership and Financial Planning Senior Vice President Jonathan H. Ng, Filinvest Land Inc. Deputy Chief Finance Officer Janeth B. de los Reyes, and Robinsons … Read more

In celebration of History Month, the Museo ng Bangko Sentral ng Pilipinas presents “Layag: pre-colonial money of the Philippines,” a virtual exhibition of objects that were considered currency in the pre-conquest Philippine archipelago. Layag also features ancient currencies from neighboring countries that are part of the BSP Numismatic Collection. Layag sails us back to the … Read more