BSP Circulars BSP Circular No. 115BSP Circular No. 115 1996-10-11T00:00:00.000+08:00
Inclusion of a holding company as a financial undertaking of expanded commercial banks
CIRCULAR NO. 115 Series of 1996
The Monetary Board, in its Resolution No. 820 dated August 14, 1996, approved the inclusion of a holding company as a financial allied undertaking of expanded commercial banks provided that the investment of such holding company are confined to the equities of allied undertakings and/or non-allied undertaking of expanded commercial banks allowed under existing Bangko Sentral ng Pilipinas regulations.
This Circular shall take effect immediately.
FOR THE MONETARY BOARD:
EDGARDO P. ZIALCITA Officer-in-Charge
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