December 20, 2007

CIRCULAR NO. 487 Series of 2005 Pursuant to Monetary Board Resolution No. 695 dated 26 May 2005, the provisions of the Manual of Regulations for Banks (MORB) are hereby amended to read as follows: Section 1. The last paragraph of Item “c” of Subsec. 1338.2 is hereby amended to read as follows: “Loans financed under …

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OFFICE OF THE GOVERNOR Circular No. 494 Series of 2005 Subject: Guidelines on the Adoption of Philippine Financial Reporting Standards and Philippine Accounting Standards The Monetary Board in its Resolution Nos. 1110 and 1194 dated 18 August 2005 and 8 September 2005, respectively, approved the following guidelines in adopting the provisions of the Philippine Financial …

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