July 23, 2014 6:33 PM ET

Banks

Company Overview of Bangko Sentral Ng Pilipinas

Company Overview

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. The bank provides liquidity management, currency issue, lender of last resort, financial supervision, management of foreign currency reserves, determination of exchange rate policy, and micro financing services. Additionally, it develops and formulates guidelines and regulations, monetary policies, and inflation targets. BSP was founded in 1993 and is based in Manila, Philippines.

A Mabini St cor P Ocampo Street

Malate

Manila,  1004

Philippines

Founded in 1993

Phone:

63 2 524 7011

Fax:

63 2 523 6210

Key Executives for Bangko Sentral Ng Pilipinas

Deputy Governor
Deputy Governor
Compensation as of Fiscal Year 2014.

Bangko Sentral Ng Pilipinas Key Developments

Bangko Sentral Ng Pilipinas Reports Earnings Results for the Full Year 2013

Bangko Sentral Ng Pilipinas reported earnings results for the full year 2013. For the period, the company booked a 2013 net loss of PHP 24.26 billion, 74.56% narrower than the record-high PHP 95.38 billion registered the prior year. The central bank also booked gains from its foreign exchange operations, registering PHP 5.6 billion in earnings in 2013. This is a rebound from the PHP 95.38-billion net loss recorded a year earlier. Revenues - composed of interest and miscellaneous income - fell by 14% to PHP 56.53 billion last year from PHP 65.73 billion in 2012.

Bangko Sentral Ng Pilipinas Reports Earnings Results for the Eleven Months Ended November 2013

Bangko Sentral Ng Pilipinas reported earnings results for the eleven months ended November 2013. For the period, the company net loss booked net loss of PHP 23.48 billion, 72.79% less than the PHP 86.31 billion loss recorded in the same 11 months in 2012. The improvement in the BSP's income position for the January-November 2013 period over the same period in 2012 is principally from foreign exchange revaluation gains and the fact that reduction in interest expense for the period was greater. In the same comparative 11-month periods, revenues - composed of interest income and miscellaneous income - fell 13.03% to PHP 53.04 billion from PHP 60.99 billion. Interest income declined by 20.41% PHP 29.77 billion from PHP 37.53 billion.

Bangko Sentral Ng Pilipinas Reports Earnings Results for the 10 Months Ended October 2013

Bangko Sentral Ng Pilipinas reported earnings results for the 10 months ended October 2013. For the period, the company booked a net loss of PHP 21.55 billion, down 72.523% from a year earlier. Revenues, composed of interest income and miscellaneous income, meanwhile fell by 9.53% to PHP 49.91 billion during the 10-month period from the previous year. Interest income totaled PHP 27.37 billion, down 20.11%. Most of last year's losses came from having to intervene in the market to slow the peso's sharp appreciation.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 27, 2013
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To contact Bangko Sentral Ng Pilipinas, please visit www.bsp.gov.ph. Company data is provided by Capital IQ. Please use this form to report any data issues.

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