Banking

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

The BSP prohibited the Rural Bank of Polomolok (South Cotabato) from doing business in the Philippines through MB Res. No. 985-A dated July 14, 2022, which also directed the PDIC, as Receiver, to proceed with the takeover and liquidation of the bank. PDIC took over the bank on July 18, 2022. Note: PDIC reminds borrowers … Read more

Where to report abusive lenders in the Philippines? Borrowers who wish to file a complaint against registered FCs/LCs may visit the Complaints tab on the Lending Companies and Financing Companies corner of the SEC website. The public may file complaints against individuals/companies engaged in lending activities without a license to the SEC Enforcement and Investor … Read more

Benjamin Diokno named as next Finance Secretary Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno has accepted the invitation of President-elect Ferdinand Marcos Jr. to serve as Finance Secretary of the incoming administration. “As Finance Secretary, I will strive to continue prudently and carefully balancing the need to support economic growth, on one hand, … Read more