Pricing Transparency Workshops -regulations calculations on EIRR
Dear Fellow Rural Bankers: The Bangko Sentral ng Pilipinas (BSP) has issued Circular 730 and the accompanying Memorandum M-2011-040 on regulations and calculation for Effective Interest Rates (EIR) for all types of loans last year. The July 1, 2012 start of these rules have huge implications on how we disclose rates, remain competitive, and earn …
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