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BSP WARNING

06.20.2018

The Bangko Sentral ng Pilipinas (BSP) advises the public that it has not certified CoopHub and/or any of its representatives and does not certify other persons, associations, cooperatives or organizations to facilitate and implement the BSP’s advocacy of the Credit Surety Fund (CSF) Program under the Republic Act (RA) No. 10744 or the CSF Cooperative Act of 2015 and its Implementing Rules and Regulations. Pursuant to RA No. 10744, the BSP shall spearhead the promotion, encouragement, creation and organizational development of CSF Cooperatives all over the country.

The public is therefore warned:

  • Not to deal with any entity or person soliciting money, investment or other activities who claims to be an officer and/or employee of the BSP in connection with the CSF Program; and,
  • Not to pay any fee to anybody with respect to CSF because the CSF promotional and organization activities conducted by the BSP are free of charge.

For report of similar incidents or further clarifications, you may contact the BSP at:

FINANCIAL CONSUMER PROTECTION DEPARTMENT
Financial Supervision Sector
BANGKO SENTRAL NG PILIPINAS
5th Floor, Multi-Storey Building, BSP Complex
A. Mabini St., Malate, Manila, 1004
Email address: consumeraffairs@bsp.gov.ph
Tel No.: (+632)708-7087

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