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    Philippine Financial System

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    Kurt Lubim Alaiza-Anggoto Meltrelez-Libertad
    The Philippine financial system consists of various types of banks including rural banks, universal banks, commercial banks, savings banks, and cooperative banks. Rural and cooperative banks make up most banking institutions but have the lowest assets and market shares, while universal and commercial banks have larger market shares. The Bangko Sentral ng Pilipinas (BSP) regulates the country's money supply and promotes economic stability and welfare. Under the BSP is the Monetary Board, which acts as the policymaking body and oversees the management of the BSP. Other non-bank financial institutions are also part of the Philippine financial system.

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    Philippine Financial System

    Uploaded by

    Kurt Lubim Alaiza-Anggoto Meltrelez-Libertad
    243 views2 pages
    The Philippine financial system consists of various types of banks including rural banks, universal banks, commercial banks, savings banks, and cooperative banks. Rural and cooperative banks make up most banking institutions but have the lowest assets and market shares, while universal and commercial banks have larger market shares. The Bangko Sentral ng Pilipinas (BSP) regulates the country's money supply and promotes economic stability and welfare. Under the BSP is the Monetary Board, which acts as the policymaking body and oversees the management of the BSP. Other non-bank financial institutions are also part of the Philippine financial system.

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    Philippine Financial System

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    The Philippine financial system consists of various types of banks including rural banks, universal banks, commercial banks, savings banks, and cooperative banks. Rural and cooperative banks make up most banking institutions but have the lowest assets and market shares, while universal and commercial banks have larger market shares. The Bangko Sentral ng Pilipinas (BSP) regulates the country's money supply and promotes economic stability and welfare. Under the BSP is the Monetary Board, which acts as the policymaking body and oversees the management of the BSP. Other non-bank financial institutions are also part of the Philippine financial system.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    243 views2 pages

    Philippine Financial System

    Uploaded by

    Kurt Lubim Alaiza-Anggoto Meltrelez-Libertad
    The Philippine financial system consists of various types of banks including rural banks, universal banks, commercial banks, savings banks, and cooperative banks. Rural and cooperative banks make up most banking institutions but have the lowest assets and market shares, while universal and commercial banks have larger market shares. The Bangko Sentral ng Pilipinas (BSP) regulates the country's money supply and promotes economic stability and welfare. Under the BSP is the Monetary Board, which acts as the policymaking body and oversees the management of the BSP. Other non-bank financial institutions are also part of the Philippine financial system.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Republic of the Philippines

    Bukidnon State University


    School of Graduate Studies

    Malaybalay City

    PHILIPPINE FINANCIAL SYSTEM

    The financial system of the Philippines comprised of not just banks but

    also all financial institutions herein the country. The Philippine financial system

    consists mainly of rural banks, which make up the majority of total banking

    institutions. Rural banks provide credit to farmers and agricultural-related

    businesses. These banks, along with cooperative banks that provide similar

    services, have the lowest asset values and market shares relative to universal

    and commercial banks. However, rural and cooperative banks have higher yearly

    growth rates than universal and commercial banks combined. The Philippine

    financial system is structured by type of bank including universal, commercial,

    savings and cooperative banks, according to statistics compiled by

    Asianbanks.net from noted bank adviser Paul Sheehan. Although the countrys

    banking system primarily consists of rural and thrift banks, universal and

    commercial banks account for larger market shares.

    As to the Bangko Sentral ng Pilipinas is 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.

    Under BSP is the MONETARY BOARD it is the policy making body of the BSP

    it exercise the powers and functions of the BSP. It issues rules and regulations it

    considers necessary for the effective discharge of the responsibilities and

    exercise the powers vested upon it. They also direct the management,

    operations and administration of the BSP, establish a human resource


    management system, adopt an annual budget for and authorize such

    expenditures by Bangko Sentral and indemnify its members and other officials of

    Bangko Sentral.

    As to the other financial institutions it is also part of our system being that

    we have been up to having some dependence on private and non-financial

    institutions. We garner service from them in having some investment from other

    sources that helps our economy.

    Insights:
    Through our growing economy we experience some difficulties in attaining
    our economic development we are aiming for due to some constraint made from
    our current government status. As to the current issues we are facing now we
    have too many instance that we are on the verge of adding up to our credit
    issues from the reasons of development plans delayed by corruption.
    It is an unfortunate circumstances for we have an efficient financial system
    derived from the world economy nowadays but because we all have our own
    personal interest that we doesnt foresee the real need of the nation. Such
    circumstances affect our nation building plan also it affect every stakeholders
    that the nation should cater.
    On the side of economic development such derivations of economic will can help
    our nation attain such progress.
    The domestic financial system has demonstrated resilience to external and
    domestic shocks since the 1997 financial crisis. However, some remaining issues
    need to be addressed to ensure that the Financial system will remain stable and
    can fully exploit growth opportunities. Financial system a network that generates,
    circulates, and controls money and credit.

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