BSP Memorandum dated 14 April 2005: Implementation of Circular No. 475 dated 14 February 2005

MEMORANDUM
Series of 2005

TO : All Banks

With regard to the implementation of Circular No. 475 dated 14 February 2005, the following clarifications are hereby issued:

Treatment of non-performing secured loans. Non-performing loans, which are secured by eligible collaterals …