BSP Circulars BSP Circular No. 97BSP Circular No. 97 1995-12-11T00:00:00.000+08:00
Limitations on the amount of dividends that may be declared by rural banks
CIRCULAR NO. 97 Series of 1995
The Monetary Board, in its Resolution No. 1339 dated November 22, 1995, approved the amendment of Subsection 3136.4 of the Manual of Regulations for Banks and Other Financial Intermediaries, Book III, by deleting Item (b) of Subparagraph a(1) and Items (1)(a) and (b) of Subparagraph b thereof and thereby lifting (i) the limitations on the amount of dividends that may be declared by rural banks and (ii) the requirement to provide yearly 20% of undivided profits to surplus.
This Circular shall take effect immediately.
FOR THE MONETARY BOARD:
GABRIEL C. SINGSON Governor
同类文件 BSP Circulars
- Senior citizens priority lane in BSP supervised Financial Institutions(BSP Circular No. 805)
- Minimum documentary requirements for foreign exchange forward and swap transactions(BSP Circular No. 435)
- Manual of Regulations for Banks and Non-Bank Financial Institutions - reorganized updated as of 31 December 2008(BSP Circular No. 672)
- Amendments to Part Eight or the Anti-Money Laundering Regulations of the Manual of Regulations for Banks and Manual of Regulations for Non-Bank Financial Institutions(BSP Circular No. 950)
- Purchases of Foreign Exchange by Non-Residents(BSP Circular No. 223)
- Definition of first class collaterals(BSP Circular No. 228)
- Amendments to the Manual of Regulations on Foreign Exchange Transactions (FX Manual), as amended(BSP Circular No. 918)
- Divestment of Equity Investments(BSP Circular No. 1199)
想要这份文件的分析？
让 ASG 法律 AI 为你总结、与其他判例对比，或说明它如何适用于你的情形 — 它检索的正是同一个数据库。