WebClick Tracer

September 22, 2023

BSP walks the talk and invests in BIS-organized fund

The Bangko Sentral ng Pilipinas (BSP), on leading by example, has put some of its resources in a so-called green bond fund organized by the Bank for International Settlements (BIS).

The fund is a US dollar-denominated open-ended fund that puts its money in so-called green or environment friendly projects. This fund has an advisory committee that includes the BSP.

“The participation in the fund is expected to provide the BSP with an additional source of return and investment diversification that is consistent with our prudent approach to reserve management,” BSP Governor Benjamin E. Diokno said.

“The BSP’s decision to invest in the fund bolsters our sustainability efforts and supports our sustainable central banking agenda,” Diokno explained.

The fund supports environmentally responsible projects in the Asia- Pacific region and provides a platform for central banks to invest their reserves in high-quality green bonds that meet internationally accepted standards.

The BSP previously invested a total of $550 million in the BIS US Dollar Green Bond Fund (BISIP G1).


UnionBank gets BSP nod, becomes first and only PH universal bank to offer mobile crypto trading

Proving its status anew as an industry trailblazer, Union Bank of the Philippines (UnionBank) recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the Philippines to offer virtual asset exchange services.

Read More ...

Maya sweeps banking awards

Fintech firm Maya, a pioneer in digital banking in the Philippines, secures three prestigious awards, including Virtual Bank of the Year, reflecting its commitment to financial inclusion and innovation in the digital banking sector.

Read More ...

HSBC Philippines CEO Sses bright future for the country

Sandeep Uppal, President and CEO of HSBC Philippines, sees a bright future for the country, citing its welcoming nature, rich history, and potential in sustainable finance and renewable energy investments, while emphasizing the importance of work-life balance and long-term career planning.

Read More ...