A network of various institutions, together with government agencies, laws and policies, which generates, circulates and control money credits

a complex structure and operation involving every individual and business organization in a civilized society

are firms that connect borrowers and lenders, provide savers and borrowers access to financial instruments and markets

involves financial planning, asset management and fund-raising decisions to enhance the value of businesses.

collects deposits from individual and lend to businesses and individuals.

– primarily engaged in mobilizing the small savings of people. They encourage the habit of thrift and savings and provide loans at reasonable interest rates.

– a bank that combines the three main services of banking under one roof.

it services the members of the public and small and medium size businesses.

– involves borrowing and lending money on a very large scale. It includes pension funds, giant companies, governments and other financial institutions.

– it focuses on services for major investors and companies. They specialize in the investment requirements of pension funds.

a universal bank which operates under the provision of Executive Order No. 80, the 1996 revised charter of PNB

– provides banking services principally to service the medium and long term needs of agricultural and industrial enterprises, particularly in the countryside and preferably for small and medium enterprises

created by the Agrarian Reforms Code to finance the acquisition and distribution of agricultural estates for division and resell these to small landholders. It also financed the purchase of landholdings by Agricultural lessees

created for the purpose of promoting and accelerating the socio-economic growth and development of Mindanao.

are agents of investors who match buyers with sellers of securities.

– link buyers and sellers by buying and selling securities at stated price.

– corporations whose capital stock is required to be paid in by the stockholders in regular, equal periodical payments.

They operate as money brokers.

provide credit to small borrowers who are not qualified to obtain small loans from other financial institutions with the security of personal property.

extends life insurance coverage and benefits to government employees.

– provide benefits to workers/employees in the private sector

– a financial institutions who lends and borrow money

is an office or institution for keeping, lending, and exchanging of money

old Italian word of bank

French word of bank

A financial institution that gives loans to spenders which are repayable with interest over a certain amount of time.

. It encourages saving habits amongst people and thereby makes funds available for productive use.

. It acts as an intermediary between people having surplus money to those requiring money for various business activities.

It facilitates business transactions through receipts and payments by cheques instead of currency.

. It provides loans and advances to businessmen for short term and long term purposes.

It also facilitates import export transactions.

It helps in national development by providing credit to farmers, small-scale industries and self-employed people as well as to large business houses which leads to balanced economic development in the country

. It helps in raising the standard of living of people in general by providing loans for purchase of consumer durable goods, houses, automobiles, etc.

The banks borrow in the form of deposits. This function is important because banks mainly depend on the funds deposited with them by the public

-If a depositor deposits money in the bank in the current account (i.e., demand deposits), he can withdraw it in part or in full at any time he likes without notice

These deposits are made for a fixed period of time, which varies from fifteen days to a few years.

- In this case the depositor can generally withdraw money usually once a week. Sometimes there are also restrictions as to the total amount that can be withdrawn at one time and the total amount that can be placed in one deposit.

Banks give loans to businessmen and firms usually for short periods only. This is so because the bank must keep itself ready to meet the demands of the people who have deposited money for short period only

- Those people who keep current account with the banks are sometimes given the right to overdraw their accounts

Under the cash-credit system, borrower is sanctioned a credit limit up to which he can borrow from the bank

loans granted by a bank are those loans which can be recalled on demand by the bank any time.

A very important function of a modern bank is to discount bills or hundies of businessmen

Banks transfer money from one place to another for their customers

- A bank now-a-days serves its customers in various other ways. It has lockers or ‘safe deposit vaults. They are meant to keep the valuables of customers in safe custody.

as used in this part shall be construed to mean any bank, trust company, bank and trust company, stock savings bank, or mutual savings bank, which is now or may hereafter be organized under the laws of this state.

A non-banking financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering.

A charity foundation by layman used for charity works and religious activities. It became a banking institution run by the friars.

One of the first banks to emerge in the 19th century. It was more of a loan association than a modern bank.

– It was the first state bank established in the Philippines. The first bank that issued the paper notes

- It was the bank and a pawnshop.

- First agricultural bank. It has also functioned as the de facto Central Bank of the Philippines until 1949. It was given the special power to issue circulating notes The first universal bank in the Philippines (1980).

a symbol of strength, clear vision and freedom, the qualities we aspire for as a central bank.s

represent the three pillars of central banking: price stability, stable banking system, and a safe and reliable payment system. It may also be interpreted as a geographical representation of BSP’s equal concern for the impact of its policies and programs on all Filipinos, whether they are in Luzon, Visayas or Mindanao.

signifies stability.

symbolize wisdom, wealth, idealism, and high quality

color of the eagle and the text for BSP represents purity, neutrality, and mental clarity.

suggest solidity, strength, and stability. These fonts characterized by clean lines portrays the no-nonsense professional manner of doing business at the BSP.

symbolize the continuing and unending quest to become an excellent monetary authority committed to improve the quality of life of Filipinos. T

- is responsible for the production of the Philippine currency. Its establishment enables the BSP to have control of the supply, security and quality of the Philippine currency.

Core Values of BSP

The BSP formulates and implements monetary policy aimed at influencing money supply consistent with its primary objective to maintain price stability

The BSP has the exclusive power to issue the national currency. 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

The BSP extends discounts, loans, and advances to banking institutions for liquidity purposes

The BSP determines the exchange rate policy of the Philippines. Currently, the BSP adheres to a market-oriented foreign exchange rate policy such that the role of BSP is principally to ensure orderly conditions in the market.

exercises the powers and functions of the BSP, such as conduct of monetary policy and supervision of the financial system. The policy-making body of the bank. It is headed by the Governor who is concurrently the Chairman of the Board with five full-time members from the private sector and one member from the cabinet

takes charge of the formulation and implementation of the BSP’s monetary policy, including serving the banking needs of all banks through accepting deposits, servicing withdrawals, and extending credit through the rediscounting facility.

enforces and monitors compliance to banking laws to promote a sound and healthy banking system, and

serves as the human, financial and physical resource needs of the BSP

BSP manage inflation and price fluctuations for conducive balanced and sustainable growth of the economy.

– BSP ensures banks compliance with prudential rules and regulations. It ensures that banks conduct business in a safe and sound manner

this enables people to make safe, timely and accurate settlements of financial transactions.

use to print the bank notes. It has security fibers with different watermark and security threads specific to denominations.

a printing process wherein there is 15 to 20 colors are printed in one pass.

it is also called direct plate printing. It gives the details in the money an embossed effect.

number of months in producing the Philippine bank notes from ordering of materials to shipping to the volt of BSP.

Three categories of innovation

It is the act of creating new financial instruments as well as new financial technologies, institutions, and markets.