Financial Sectors

Monetary Policy

The manipulation and control of money supply and even credit conditions in the economy.

Banking Institutions

An institution for lending, borrowing, issuing or managing money.

Commercial Banks

The largest among the banks in terms of functions, serving a wide range of customers.

Rural Banks

Banks established to accelerate countryside development.

Thrift Banks

Composed of savings and mortgage banks, stock savings and loan associations.

Trust Banks

Banks that take care of properties and funds of people like minors who cannot manage their properties.

Special Banks

Banks organized with specific functions and objectives, often established by governments to promote and implement its programs for socio-economic development of the country.

International Banks

A financial entity that offers services like payment accounts and lending opportunities to foreign clients.

GSIS

Provides insurance, loans, and pensions for government employees.

Social Security System (SSS)

Offers support and benefits for private-sector workers and voluntary members.

PAG-IBIG Fund

Helps members save and own homes through housing loans.

Pawnshops

Provide loans against personal property as collateral.

Banko Sentral ng Pilipinas

Manages the country's financial system, issues money, oversees foreign currency reserves, and controls the money supply.

Durability

Money must withstand physical wear and tear, enabling it to last over time.

Acceptability

Money must be widely accepted by people and businesses as a valid medium for transactions.

Portability

Money should be easy to carry and transfer, facilitating convenient transactions.

Flexibility

Money needs to be adaptable for various uses, including buying, selling, and saving.

Uniformity

Each unit of money must be the same in terms of value and appearance, ensuring consistency.

Stability

Money should maintain its value over time, preventing significant fluctuations that could affect purchasing power.

Easy to Recognize

Money must have distinguishing features that make it easily identifiable.

Divisibility

Money should be easily divisible into smaller units to accommodate different transaction sizes.

NHMFC

Aids in home ownership through installment plans.

Financial Institution

Implements the monetary policy, is responsible for the smooth transfer of money within the economy, stability of supply, and control of inflation.