Amendment to the Manual of Regulations for Banks and Other Financial Intermediaries, Book III
CIRCULAR NO. 76 Series of 1995
Pursuant to Monetary Board Resolution No. 547 dated May 23, 1995, the last paragraph of Sec. 3269.4 of the Manual of Regulations for Banks and Other Financial Intermediaries, Book III, as amended, is hereby further amended to read as follows:
"A rural bank may submit an application for a rediscount or loan in an amount not exceeding the following: (a) P900,000 for rural banks with a credit rating of "A" or "B"; (b) P700,000 for rural banks with a credit rating of "C", and (c) P400,000 for rural banks with a credit rating of "D" and for newly-established rural banks which have been in operation for not more than one year."
This Circular shall take effect immediately.
GABRIEL C. SINGSON Governor
More in BSP Circulars
- Revisions to the Manual of Accounts pertaining to definitions of Due from/to Head Office / Branches /Agencies(BSP Circular No. 231)
- Amendments to Appendix 45 (Notes on Microfinance) of Section X361 of the Manual of Regulations for Banks(BSP Circular No. 782)
- Guidelines on Information Technology Risk Management for All Banks and Other BSP Supervised Institutions(BSP Circular No. 808)
- Mandatory Allocation of Credit Resources to Small Enterprises(BSP Circular No. 126)
- Rules and regulations governing the recognition and derecognition of domestic credit rating agencies for bank supervisory purposes(BSP Circular No. 404)
- Amendment to Regulations on Single Borrower's Limit(BSP Circular No. 779)
- Guidelines to govern the grant of emergency loans or advances to banking institutions pursuant to Section 84 of R.A. No. 7653(BSP Circular No. 35)
- Strengthening of the Enforcement of the Agri-Agra Law(BSP Circular No. 196)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.