Valuation of Real and Other Properties Acquired (ROPA)

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OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR

CIRCULAR LETTER NO. CL-2008 - 015

TO All Universal, Commercial and Thrift Banks

Subject Valuation of Real and Other Properties Acquired (ROPA)

holdings as of 31 December 2007. required to accomplish the attached survey form relative to its level of ROPA All universal banks, commercial banks and thrift banks are hereby

Data obtained from the survey shall be used in conjunction with an ongoing policy study on the alignment of accounting for ROPA with the provisions of Philippine Financial Reporting Standards/Philippine Accounting Standards.

Supervisory Policy Development not later than 30 April 2008 via Submission of the survey form should be made to the e-mail at Office o

[email protected] or facsimile at +632 5229759.

For compliance.

MESTOR A. #SPENILIA Deputy Governor

Att: als

Z& March 2008

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