Loans and Credit
The Bangko Sentral ng Pilipinas (BSP) extends rediscounts, advances, and loans to banks, the Philippine Deposit Insurance Corporation (PDIC), and the national government to influence the volume of credit consistent with the objective of price stability and maintenance of financial stability, pursuant to Article IV of Republic Act (RA) No. 7653, as amended (BSP Charter).
+ '/Photos/payment.jpg'}})
Discount Window Facility
The Discount Window Facility (DWF) is a credit facility established under Section 82 of the BSP Charter that the BSP normally provides to banks operating in the Philippines. Banks with DWF lines may avail themselves of the facility in peso, United States dollar, or Japanese yen through:
(1) rediscounting of eligible credit instruments of their end-user borrowers; and
(2) advances against securities issued by the national government or the BSP.
DWF operations are governed by Sections 281 and 282 of the Manual of Regulations for Banks (MORB), as amended by Circular No. 1202 Series of 2024.
Application procedures are outlined in the BSP Citizen’s Charter. Information on the latest DWF rates is provided in the official press release, which may be accessed here. For further inquiries, please contact the Loans and Credit Operations 1 of the Department of Loans and Credit at tel. nos. 5306-2413 and 5306-2784 or email at DLCmail@bsp.gov.ph.
+ '/Photos/banknotes.jpeg'}})
Emergency loan
Under Section 84 of the BSP Charter, emergency loans may be extended to banks in periods of national or local emergency or of imminent financial panic directly threatening monetary and financial stability, or during normal periods to assist banks under serious financial pressures brought about by events that could not be prevented by the bank. For more details on emergency loan, please see Section 285 of the MORB.
+ '/Photos/compare.jpeg'}})
Loans to the Philippine Deposit Insurance Corporation
Pursuant to Section 89-B of the BSP Charter, the BSP may extend loans to the PDIC: (1) for deposit insurance purposes; or (2) in cases of financial assistance, that the PDIC is authorized to extend under Section 22(e) of RA No. 3591, as amended.
+ '/Photos/letter.jpeg'}})
Loans to the national government
The BSP may make direct provisional advances to the national government to: (1) finance expenditures authorized in its annual appropriation, pursuant to Section 89 of the BSP Charter; or (2) to cover the increase in the Republic of the Philippines’ quota subscription in the International Monetary Fund pursuant to RA No. 2052.
