BSP Remits PHP 21.48 B in Dividends to National Government

The Bangko Sentral ng Pilipinas (BSP) declared dividends of Php 21.48 billion for the fiscal year 2018. The BSP handed over Php 4 billion in partial dividends to the National Government (NG) on 20 February last year and recently remitted Php 17.48 billion to complete the turn-over to the NG.

According to BSP Governor Benjamin E. Diokno, The central bank is glad to contribute to government resources which are essential to fostering inclusive economic growth and enhancing the quality of life of Filipinos.

The amount of dividends that the BSP turned over to the NG for 2018 is the largest it has declared since its establishment in 1993.

The BSP has transmitted more than Php 26.96 billion in dividends to the NG under the current administration.

Source: Bangko Sentral ng Pilipinas (BSP)