BSP Memoranda BSP MemorandaBSP Memoranda 2003-10-16T00:00:00.000+08:00
Clarification of the term "large enterprises"
MEMORANDUM Series of 2003
TO: All Banks
This is to clarify that the term "large enterprises" which was defined under Circular No. 376 dated March 20, 2003 as all enterprises with total assets of more than one hundred million (P100,000,000) shall likewise refer to "large scale enterprises" as referred to in Subsection X342.1 of the Manual of Regulations for Banks (MORB).
Please be guided accordingly.
ALBERTO V. REYES Deputy Governor
More in BSP Memoranda
- To prohibit the RURAL BANK OF SAN JUAN (La Union), INC. from doing business in the Philippines and that its assets and affairs be placed under receivership(BSP Memoranda)
- Frequently Asked Questions (FAQ on Circular No. 1098 (Ceiling on Interest or Finance Charges for Credit Card Receivables)(BSP Memoranda No. M-2020-082)
- Trustee as participant in Common Trust Funds(BSP Memoranda No. M03012002A)
- Status Report on EMV Migration Activities/EMV Compliance(BSP Memoranda No. M-2016-013)
- Adoption of the ISO20022 on Retail Payment Systems and on the Real-Time Gross Settlement System(BSP Memoranda No. M-2019-002)
- Revised Regulatory Treatment of Investments of Banks in RP Global Peso Notes(BSP Memoranda No. M-2011-020)
- Guidelines for purposes of implementing the provisions of Circular 444 dated 18 August 2004 in reporting the deposit substitutes evidenced by repurchase agreements (repos) covering government securities(BSP Memoranda)
- MB Resolution No. 105 dated 30 January 2008; Placement of the Cooperative Rural Bank of Aklan Under Receivership(BSP Memoranda No. M-2008-004)
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.