serves as a catalyst in the countrys growth and development

2 major roles of Financial Institutions

banks create money through

Types of Banks
(4)

offer a wide variety of services among financial institutions

Unibanks can engage in
(3)

consist bulk of the financial system

By large and more commercial banks were allowed to be established since _____

Unique government banks that are subject to supervision and regulation of the BSP

Veterans Bank of the Philippines

provides an opportunity for veterabs to work in the field of banking and finance, as depositors, borrowers as stock holders and officers

Two important Specialized Government Institution

DBP

1946

Rehabilitation Finance Corporation

Land Bank of the Philippines

Philippine Amanah Bank

Thrift Bank Act of 1995

Savings and Mortgages Banks
(SMBs)

the most ovious of a thrift bank

example of a thrift bank

2 major innovations undertaken in the PFS

Small Private Banks

Rural Bank Cooperatives

Private Developmet Banks

BANKING LAWS

R.A. 7721

BSP

Objectives of BSP
(2)

BSP supports activities that serve to strengthen the country's linkages with the world economy by:

Philippine Deposits Insurance Corporation
(PDIC)

Securities and Exchange Commission
(SEC)

Commonwealth Act No.83

SEC operations begun

P.D. No. 902-A