To approve the increase of the single borrower's limit
CBP CIRCULAR NO. 1371 Series of 1992
The Monetary Board, in its Resolution No. 1102 dated November 23, 1992, approved the increase of the single borrower's limit for (a) thrift banks, non-banks with quasi-banking functions, and non-stock savings and loan associations from 15% to 25% of their unimpaired capital; and b) rural banks from 15% to 25% of their unimpaired capital net of capital arising from the conversion of arrearages with the Central Bank of the Philippines under various rehabilitation programs.
This Circular shall take effect immediately.
JOSE L. CUISIA, JR. Governor
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- to adopt a policy allowing branches of banks at the Ninoy Aquino International Airport (NAIA) to operate on flexible banking hours within a 24-hour basis(BSP Circular No. 43)
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- Amendment of Section 4, Transitory Provisions of Circular No. 322 dated 7 March 2002, as amended by Circular No. 367 dated 6 February 2003(BSP Circular No. 449)
- Clarifications/amendments/modifications to pertinet provisions of Circular No. 1389 dted April 13, 1993(BSP Circular No. 5)
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