01.03.2008 It has come to the attention of the Bangko Sentral ng Pilipinas (BSP) that internet websites are being used to lure investors into spurious investment/deposit products allegedly authorized by BSP, with the promise of unrealistically high yields.
For the record, deposit-taking is an inherent activity of banks which cannot be outsourced. Therefore, those who claim that they represent banks commit misrepresentation.
The public therefore is advised to deal directly with banks at their respective offices.
For inquiries, you may contact the BSP through the following:
Telephone : 523-3631 (direct line)
524-7011, local 2584
Mail : The Manager
BSP SES Consumer Affairs Group
Supervision and Examination Sector
Bangko Sentral ng Pilipinas
A.Mabini St., Malate, Manila 1004
Email : consumeraffairs@bsp.gov. ph
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