BSP Circulars BSP Circular No. 1385BSP Circular No. 1385 1993-02-26T00:00:00.000+08:00
To include equity investments by member banks in, and loans by member banks to, the BAP Credit Guaranty Corporation (BCGC)
CBP CIRCULAR NO. 1385 Series of 1993
The Monetary Board, in its Resolution No. 22 dated January 15, 1993, approved the amendment of Circular No. 1374 so as to include equity investments by member banks in, and loans by member banks to, the BAP Credit Guaranty Corporation (BCGC), as part of compliance with the mandatory credit allocation to small enterprises; provided that the same will be allowed only in 1993 and that BCGC will extend its loan facilities only to small enterprises.
This Circular shall take effect immediately.
JOSE L. CUISIA, JR. Governor
More in BSP Circulars
- Reduction in liquidity reserve requirement against peso demand, savings, time deposits and deposit substitute liabilities of UBs, KBs and NBQBs(BSP Circular No. 319)
- Amendments to the Manual of Regulations for Non-Bank Financial Institutions on the Enhancement of Corporate Governance Guidelines for Non-Stock Savings and Loan Associations(BSP Circular No. 1115)
- Increase in Statutory/Legal Reserve Requirements of Peso Deposit Liabilities and Deposit Substitutes(BSP Circular No. 732)
- To delete from the coverage of said Circular peso borrowings of single proprietorships owned by non-Filipino citizens and resident foreign nationals doing business in the Philippines(BSP Circular No. 7)
- United Arab Emirates' dirham as one of the currencies convertible with the Central Bank(BSP Circular No. 1373)
- Amendments to Circular No. 398 governing credit card operations of banks and subsidiary credit card companies(BSP Circular No. 454)
- Amendments to the cooling-off provisions of the Bangko Sentral ng Pilipinas Regulations on Financial Consumer Protection(BSP Circular No. 898)
- To defer the scheduled reduction of the reserve requirement to twenty-one percent (21%) by end September 1993(BSP Circular No. 6)
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