Bangko Sentral ng Pilipinas. The Bangko Sentral ng Pilipinas is the government-owned central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019.