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Home Development Mutual Fund: Pagtutulungan Sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno (Pag-IBIG)

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines, established in 1993. It aims to maintain price stability and promote sustainable economic growth. The BSP took over central banking responsibilities from the previous Central Bank of the Philippines. It is governed by a seven-member Monetary Board appointed by the president. Other key Philippine financial institutions discussed include the Philippine Deposit Insurance Corporation (PDIC), which protects depositor funds; the Social Security System (SSS), which provides insurance benefits to members; the Home Development Mutual Fund (Pag-IBIG), which offers savings programs and housing loans; and the Government Service Insurance System (GSIS), which provides insurance coverage for government assets and

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63 views2 pages

Home Development Mutual Fund: Pagtutulungan Sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno (Pag-IBIG)

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines, established in 1993. It aims to maintain price stability and promote sustainable economic growth. The BSP took over central banking responsibilities from the previous Central Bank of the Philippines. It is governed by a seven-member Monetary Board appointed by the president. Other key Philippine financial institutions discussed include the Philippine Deposit Insurance Corporation (PDIC), which protects depositor funds; the Social Security System (SSS), which provides insurance benefits to members; the Home Development Mutual Fund (Pag-IBIG), which offers savings programs and housing loans; and the Government Service Insurance System (GSIS), which provides insurance coverage for government assets and

Uploaded by

Arrianne Zeanna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Bangko Sentral ng Pilipinas (BSP)

Central bank of the Republic of the Philippines.


Established on 3 July 1993 pursuant to the provisions of the 1987 Philippine
Constitution and the New Central Bank Act of 1993.
Maintain price stability conducive to a balanced and sustainable economic growth.
BSP took over from the Central Bank of Philippines, which was established on 3
January 1949, as the countrys central monetary authority.
Aims to promote and preserve monetary stability and the convertibility of the national
currency.
The powers and function of Bangko Sentral are exercised by its Monetary Board, which
has seven members appointed by the President of The Philippines.
Under the New Central Bank Act, one of the government sector members of the
Monetary Board must also be a member of the Cabinet designated by the President.
Current chairman: Amando M. Tetangco, Jr.
The BSP Seal
Half circle (right side remains open) signifies openness and transparency.
Philippine Eagle is a symbol of strength, clear vision and freedom, the
qualities we aspire for as a central bank.
The three stars represent the three pillars of central banking: price stability,
stable banking system, and a safe and reliable payments system.
The blue background signifies stability.
The stars are rendered in gold to symbolize wisdom, wealth, idealism, and
high quality.
The white color of the eagle and the text for BSP represents purity, neutrality,
and mental clarity.
The Font/Type Face, Nonserif-bold for BANGKO SENTRAL NG PILIPINAS to
suggest solidity, strength, and stability.
Round shape to symbolize the continuing and unending quest to become an
excellent monetary authority committed to improve the quality of life of Filipinos.
This round shape is also evocative of our coins, the basic units of our currency.
PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC)
June 22, 1963, Republic Act 3591, as amended.
Exists to protect depositors by providing permanent and continuing deposit insurance
coverage for the depositing public and help promote financial stability.
Current Chairman: Hon. Cesar V. Purisima
SOCIAL SECURITY SYSTEM (SSS)
May 1, 1997, Republic Act No. 8282, as amended.
SSS Members are required to contribute monthly into the fund, depending on their salary
bracket in exchange for insurance benefits such as sickness, maternity, disability,
retirement, death and funeral and salary loan.
Current President/CEO: Emilio S. De Quiros, Jr.
Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno (Pag-IBIG)
Home Development Mutual Fund

Established to provide a national savings program and affordable shelter financing for
the Filipino worker.
Signed into law Republic Act No. 9679 on 21 July 2009 (HDMF Law of 2009).
Current CEO: Atty. Darlene Marie B. Berberabe
Government Service Insurance System (GSIS)
A government owned and controlled corporation (GOCC) of the Philippines.
Created by Commonwealth Act No. 186 passed on November 14, 1936.
It provides insurance coverage to assets and properties that have government insurable
interests.
Active GSIS members are entitled to the following loan privileges: salary loan, policy
loan, and emergency loan.
Current Chairman: Renato T. De Guzman

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