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

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