This is to notify all rural banks concerned of the amendments on subsection X304.1 of the Manual of Regulations for Banks, with respect to the extension of submission granted to micro and small enterprises. As stipulated:
“Loans small and micro enterprises which are not specifically exempted from the additional documentary requirements specified under the third paragraph of this subsection shall be exempted from said additional documentary requirement upto 31 December 2014.”
For more details on this, please download the attached pdf file: c746
Thank you.