September 26, 2013

BSP Grants Temporary Regulatory Relief to Banks located in Zamboanga City

The Monetary Board, in its Resolution No. 1551 dated 19 September 2013, approved the grant of the following temporary regulatory relief measures to banks with head offices and branches located in Zamboanga City, affected by armed assault/stand-off which commenced on 09 September 2013: 1. Exclusion of the loans of borrowers in the affected areas, which …

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