From BSP

BSP Circular No. 887: Further Amendments to the Regulations on the Approval/Confirmation of the Election/Appointment of Directors/Officers

Dear Rural Bankers, The Monetary Board, in its Resolution No. 1342 dated 20 August 2015, approved the amendments to some of the provisions of Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI). The sections/ subsections of the MORB that were amended are as follows: a. Subsec. X141.2 Qualifications …

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BSP Memorandum No. M-2015-035: Regulatory Relief for Banks Affected by Typhoon “Ineng”

Dear Rural Bankers, The Bangko Sentral ng Pilipinas, following the approved resolution of the Monetary Board, has issued a memorandum granting selected banks of temporary regulatory and rediscounting relief. These are banks with head offices (HOs) and/or branches/ extension offices (EOs)/ microfinance-oriented banking offices (MBOs) in the areas which were devastated by Typhoon “Ineng” based …

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BSP Circular Letter No. CL-2015-015: Credit Consciousness Week

CIRCULAR LETTER NO. CL-2015-015 TO: ALL BANKING INSTITUTIONS Subject: Credit Consciousness Week Pursuant to Proclamation No. 658 dated April 25, 1995 (copy attached) designating April 24 to 30 as Credit Consciousness Week, all banking institutions and their branches are enjoined to undertake during the period such promotional and publicity-generating activities as advertising, window and counter …

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