The Bangko Sentral ng Pilipinas (BSP) has received the 2026 Reserve Manager award from London-based organization Central Banking for its efforts in modernizing its strategic asset allocation and diversifying its reserves.
The award recognizes the BSP for deploying active risk-management techniques and strengthening its internal capacity to invest in new asset classes.
Central Banking also cited the institution for updating its rules for external fund managers and improving its guidelines for responsible investing.
The BSP reported that the Philippines’ gross international reserves reached $112.7 billion at the end of February 2026. This represents an external liquidity buffer equivalent to 7.5 months of imports and 4.2 times the short-term external debt of the country.
BSP Governor Eli Remolona Jr. said the bank remains focused on protecting the national economy through disciplined asset management.
“We continue to be prudent, forward looking and to diversify risk in our reserve management. This is a vital step toward safeguarding price and financial stability,” Remolona said.
The 2026 honor follows a previous recognition from the same organization. In 2025, Central Banking named the BSP Currency Manager of the Year for managing the supply of bank notes and overseeing the rollout of the polymer banknote series.
Under the leadership of Remolona, the BSP has also enhanced its gold management strategies as part of a broader push to modernize its operations and maintain financial stability.
