The Central Bank of the Philippines, through its Legazpi Branch, is servicing the cash requirements of banks operating in Masbate and coordinating with supervised financial institutions to sustain the availability of banking services in the province following Typhoon Opong. Banks have been informed that the central bank can accommodate emergency withdrawals if needed. While some banks have yet to resume operations, the public can continue to access financial services through alternative channels, including cash-out services provided by money service businesses. The BSP will continue monitoring the situation to meet cash and banking services needs in the area.
Central Bank of the Philippines 2025-10-02
Central Bank of the Philippines maintains cash supply and coordinates emergency withdrawals for banks in Masbate after Typhoon Opong
The Central Bank of the Philippines is addressing cash needs and coordinating with financial institutions in Masbate following Typhoon Opong. It is facilitating emergency withdrawals and ensuring access to financial services through alternative channels. The central bank will continue monitoring the situation to support banking services in the area.