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OBRAS PIAS – the first credit institution n the Philippines; started by Fr. Juan
Fernandez de Leon in 1754 and ended in 1820.
• Raises money by selling shares to investors and its existing share can
be bought or sold.
• Facilitates:
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• The transfer of risk in the derivatives market
1942 – PNB closes its doors because of the coming of the Japanese imperial
Forces.
CENTRAL BANK – a financial institution vested by the State with the function
of regulating the supply, cost and use of money with a view to
promoting national and international economic stability and welfare.
The central bank of countries within the region of Southeast Asia are
comparatively young having been established mostly only after the
end of the Second World War. The Philippines, a young nation, is not
an exception. It established its central bank only on January 3, 1949,
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THE FUNCTION OF THE BANGKO SENTRAL NG PILIPNAS
• Liquidity Management
• Currency Issue
• Financial Supervision
OBJECTIVES OF BSP
MONEY SUPPLY – the sum of notes and coins in the circulation and peso
demand depositions subject to withdrawal by check
MONETARY BOARD – policy making body of the BSP; exercise the powers and
functions of the BSP
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• Direct the management, operations and administration of the BSP
Alfredo C. Antonio
Raul A. Boncan
Ignacio R. Bunye
Peter Favila
Nelly F. Villafuerte
ADVANTAGES
• Impersonal
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• Flexible in operation
• Operates for the most part free from the weight of political pressures
DISADVANTAGES
• Financial Resources
• Banking System
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• Non-Bank Financial institution
ISSUES ARISNG
• Financial Stability
• Financial Transparency
CHALLENGES ENCOUNTERED
Financial Institutions
Financial Institutions are the intermediaries that mobilize savings and facilitate the
allocations of funds in an efficient manner.
• Central Bank
TheBANGKO SENTRAL NG PILIPINAS (BSP) is the Central bank of the
provisions of the 1987 Philippines Constitution and the New Central Bank Act of
1993.The BSP took over from the Central Bank of Philippines, which was
BSP enjoys fiscal and administrative autonomy from the National Government in
• Banking Institutions
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Private Banking
• Commercial banks
An institution which accepts deposits, makes business loans, and offers related services.
Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and
time deposit. These institutions are run to make a profit and owned by a group of
individuals, yet some may be members of the Federal Reserve System. While commercial
banks offer services to individuals, they are primarily concerned with receiving deposits and
lending to businesses.
An institution which accepts deposits, makes business loans, and offers related services.
Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and
time deposit. These institutions are run to make a profit and owned by a group of
individuals, yet some may be members of the Federal Reserve System. While commercial
banks offer services to individuals, they are primarily concerned with receiving deposits and
lending to businesses.
• Universal Banks
Refers to those banks that offer a wide range of financial services, beyond
including insurance.
Thrift Banks
Mobilization of small savings, provide loans generally longer and easier terms.
Rural Banks
Banks entrenched to ensure sufficient institutional credit for agriculture and other rural
sectors. Mobilize financial resources from rural / semi-urban areas, grant loans small
farmers.
Cooperative Banks
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equally by the people who use its services or by the people who work there.
Cooperative enterprises are the focus of study in the field of cooperative
economics.
Microfinance banks
Is the provision of financial services to low-income clients, including consumers and
the self-employed, who traditionally lack access to banking and related services.
More broadly, it is a movement whose object is "a world in which as many poor and
near-poor households as
services, including not just credit but also savings, insurance, and fund
transfers. Those who promote microfinance generally believe that such access will