Structure of the Philippine Financial System

Bangko Sentral ng Pilipinas

Is responsible for maintaining price stability conducive to a balanced and
sustainable growth of the economy.

Banking Institutions

1. Private Banking Institutions

a. Expanded Commercial Banks/Universal Banks (EKB/UB)

Is any commercial bank, which perform the investment house function in addition
to its Commercial Banking Authority.
b. Commercial Banks (KB)

Is any corporation, which accepts or creates demand deposits subject to

withdrawal by means of checks.
c. Thrift Banks (TB)

Shall include savings and mortgage banks, stock savings and loan association
and private development banks.

Savings and Mortgage Banks (SMB)

Is any corporation organized for the purpose of accumulating the savings of the
depositors and investing them.

Private Development Banks (PDF)

Help construct, expand and rehabilitate our agriculture and industry.

Stock Savings and Loan Association (SSLA)

Is any corporation engaged in the business of accumulating the savings of its

members or stockholders.
d. Rural Banks (RB)

Is any bank authorized by the Central Bank to make credit available to farmers,
businessmen, and cottage industry in the rural areas.
e. Cooperative Banks

Are bank established to assist the various cooperatives by lending those funds
and reasonable interest rates.