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BSP ensures cash supply in Masbate after ‘Ompong’ onslaught

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said it has been meeting the cash requirements of banks operating in Masbate, after the province was battered by Severe Tropical Storm Ompong. In a statement on Thursday, the central bank said its Legazpi branch has been coordinating with local financial institutions to ensure the availability of

admin October 1, 2025

BANGKO SENTRAL / AUGUST 5, 2018 The Bangko Sentral ng Pilipinas (BSP) complex along Roxas Boulevard in Manila. The BSP is the central bank of the Philippines and was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993. INQUIRER PHOTO / GRIG C. MONTEGRANDE

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) announced that it has been actively meeting the cash requirements of banks operating in Masbate following the impact of Severe Tropical Storm Ompong.

In a statement released on Thursday, the central bank said its Legazpi branch has been coordinating closely with local financial institutions to ensure the availability of sufficient cash and banking services for the affected communities.

This initiative aims to support the province’s recovery efforts by maintaining smooth financial operations despite the challenges brought by the storm.

https://business.inquirer.net/550361/bsp-ensures-cash-supply-in-masbate-after-ompong-onslaught