Renaming of the BSP's Residential Property Price Index and Waiving of the Notarization Requirement of the Bank Quarterly Report on Residential Real Estate Loans and Quarterly Report on Appraised Commercial Properties

BANGKO SENTRAL NG PILIPINAS CE OFTHE DEPUTY GOVERNOR I MONETARY AND ECONOMICS SECTOR MEMORANDUM No. M-2025-026 To All Universal and Commercial Banks, Thrift Banks. and Digital Banks Subject Renaming of the BSP's Residential Property Price Index and Waiving of the Notarization Requirement of the Bank Quarterly Report on Residential Real Estate Loans and Quarterly Report on Appraised Commercial Properties Universal and commercial banks (U/KBs), thrift banks (TBs). and digital banks (DBs) are mandated to submit the Bank Quarterly Report on Residential Real Estate Loans (RRELs) and Quarterly Report on Appraised Commercial Properties (QRACP) as per BSP Circular Nos. 892 (dated 16 November 2015) and 1102 (dated 19 October 2020), respectively. ' In line with the continued enhancement of the BSP's property price indices. the following updates have been adopted: I. Renaming of the residential property price index: With the transition to the hedonic methodology, the "Residential Real Estate Price Index IPREPl)" has been renamed the "Residential Property Price Index (RPPl)." This change aligns the index's nomenclature with international standards and more accurately reflects its comprehensive coverage of residential property prices on the banking segment of the market. Accordingly. all references to the "RREPl" shall now refer to the "RPPl, " 2. Waiving of Notarization Requirement: On 26 June 2025, the Monetary Board has approved the waiving of the requirement for notarization of the Bank Quarterly Report on RRELs and QRACP submissions by U/KBs. TBs, and DBs to streamline the reporting process. Thus. the following items in the submission guidelines for the Bank Quarterly Reports on RRELs and QRACP are amended, as follows: ' Digital banks are mandated to submit their quarterly PRELS and QRACP through Classification: GENERAL Page I of 3

No. Original Document Original Provision Revised Guideline Item 2 of The DES - RREPI Form I The DES - RREPI Form I Memorandum Reporting Template Reporting Template No. M-2015- together with the together with the 042, dated 2 corresponding scanned corresponding scanned December transmittal form in transmittal form . In 2015 Portable Document Portable Document Format (PDF)duly Format dulysjg"edby the notarized and 549"ed by authorized official of the the authorized official of reporting bank shall be the reporting bank shall be electronically submitted electronically submitted within twenty 1201 within 20 banking days banking days from the from the reference quarter reference quarter xxx XXX Item 2 of The prescribed RT in Excel The prescribed RT in Excel Memorandum format and the scanned format and the scanned No. M-2019- copy of the TF. duly copy of the TF, dulys^'"ed 017. dated notarized and 549'"ed by by the authorized officials 28 June 2019 the authorized officials of of the reporting bank. in the reporting bank, in PDF PDF format shall be format shall be submitted submitted within twenty within twenty (20) banking (20) banking days after the days after the reference reference quarter through quarter through e-mail at: email at: . using the prescribed using the prescribed format for the subject as format for the subject as follows: xxx follows: xxx Item 3 of Beginning Q3 2022, the Beginning Q3 2022, the Memorandum submission of the DES- submission of the DES- No. M~2020- CPPI Form I (in excel CPPI Form I (in excel 097, dated format) and its scanned format) and its scanned 28 December Certification Form. wh'ch Certification Form. which 2020 has been duly notarized has been duly 549"ed by and sly"ed by the the authorized officials of authorized officials of the the banks and saved as a banks and saved as a Portable Document Portable Document Format (PDF). shall follow Format (PDF), shall follow the prescribed submission the prescribed submission deadline indicated in said deadline indicated in said Circular xxx Circular xxx Classification: GENERAL Page 2 of 3

Item 4 of The QRACP shall be The QRACP shall be Memorandum electronically submitted to electronically submitted to No. M-2020- e-mail ad d ress: at ema" address: at 097, dated In In 28 December the subject line of the the subject line of the 2020 email. the name of the email. the name of the bank and reference period bank and reference period should be indicated should be indicated following the format following the format below: below: "CPPl <Bank name>, "CPPl <Bank name>, <Reference Period>, "e. g. , <Reference Period>". e. g. , "CPPI Bank One, Q12019" "CPPI Bank One, Q22025" For guidance. ,^,/ '."i. I ,,."ID ZENO R ^!' ' ,. LD. ABENO. A De u Governor 1-90 July 2025 Classification GENERAL Page 3 of 3