The Davao Central Bank of the Philippines is a regional office of the Central Bank of the Philippines, located in Davao City. As part of the country’s central monetary authority, our primary objective is to maintain price stability, promote a sound financial system, and support the economic development of the Davao region.
Davao Central Bank of the Philippines
Mandate, Functions & Responsibilities
- Monetary policy
- Monetary Operations
- Systemic Risk Management
- Financial Supervision
- Payments and Settlements System Oversight
- Currency Management
- Inclusive Finance
- Loans and Credit Operations
- International Reserves Management
- International Operations
- International Economic Cooperation
- Economic Education
- Investor Relations Group (IRG)
What is the Davao Central Bank of the Philippines?
The Davao Central Bank of the Philippines is a branch of the Central Bank of the Philippines located in Davao City. It serves as a regional office responsible for implementing the monetary policies of the country and maintaining the stability of the financial system within the Davao region.
What are the functions of the Central Bank of the Philippines?
The Central Bank of the Philippines, including its Davao branch, has several key functions. These include issuing the national currency, formulating and implementing monetary policies, regulating banks and financial institutions, managing the country’s foreign exchange reserves, and promoting a sound and stable financial system.
How can I contact the Davao Central Bank of the Philippines?
You can contact the Davao Central Bank of the Philippines through the following means:
Phone: +63 82 227 9051 / 227 9057 / 227 9052 / 227 9053 / 227 9054 / 227 9055 / 227 9056 / 226 4130 / 227 1903
Email: bspmail@bsp.gov.p
Address: Valencia Corporate Center, Corners E. Quirino Avenue, Davao City
What is the role of the Central Bank in maintaining price stability?
The Central Bank plays a crucial role in maintaining price stability. It implements monetary policies, such as adjusting interest rates and managing the money supply, to control inflation and stabilize prices. By effectively managing inflation, the Central Bank aims to ensure the purchasing power of the currency and foster a conducive environment for economic growth.
How does the Central Bank promote a sound financial system in the Philippines?
The Central Bank promotes a sound financial system by implementing regulations and supervisory measures for banks and financial institutions. It establishes prudential standards, conducts regular inspections, and monitors the financial sector to ensure the stability, integrity, and efficiency of the banking system. Additionally, the Central Bank provides support and guidance to foster financial inclusion and consumer protection.