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BSP Opens Butuan Branch to Serve CARAGA Region

11.28.2014

Bangko Sentral ng Pilipinas (BSP) will further enhance its services in Northeastern Mindanao with the recent inauguration of the BSP Butuan Branch that will serve Region XIII or the CARAGA Region.  The region covers Butuan City, Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur and Dinagat Islands. The establishment of BSP Butuan is in response to the region's growing economy.  In 2013, its GDP growth rate was the third highest among all the regions at 7.8%, next only to Region XII (SOCCSKSARGEN) with 8.4% and NCR with a 9.1% GDP growth rate.  BSP Governor  Amando Tetangco, Jr. (fifth from right) led the inauguration with (from left) Deputy Governor (DG) Nestor Espenilla, Jr., Monetary Board Member (MBM) Alfredo Antonio, MBM Juan de Zuñiga, Jr., MBM Armando Suratos, MBM Felipe Medalla, MBM Valentin Araneta, DG Diwa Guinigundo, and DG Vicente Aquino. BSP Butuan also houses the Economic and Financial Learning Center (EFLC) that will give the public access to the BSP’s economic and financial library as well as its real-time electronic database. Butuan Branch expands the BSP’s network to three (3) regional offices and nineteen (19) branches.

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