Day: October 14, 2015

BSP Circular No. 888: Amendments to Regulations on Dividend Declaration and Interest Payments on Tier 1 Capital Instruments

Dear Rural Bankers,

Pursuant to Monetary Board Resolution No. 1516, wherein the provisions of the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBF) on regulations on dividend declaration were amended.

The sections/ subsections …