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BSP Remits Dividend to National Government.

07.10.2006

President Macapagal-Arroyo witnessed the presentation of dividend check worth P3.6 billion by BSP Governor Amando M. Tetangco, Jr. (4th from right) to Finance Secretary Margarito Teves (2nd from right) and National Treasurer Omar Cruz ( right). The check represents 75% of BSP’s 2005 net income. Of this total, P2.7 billion is in cash and the balance in property dividend.  The turnover ceremony was held during the BSP’s 13th Anniversary celebration. Also in photo are (from left) Monetary Board Members Alfredo C. Antonio, Nelly F. Villafuerte, Juanita D. Amatong, Vicente B. Valdepenas, Jr , Raul A. Boncan, and Romulo L. Neri

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