Updated: Memorandum on BSP regulatory relief
For rural banks affected by storm Sendong, please be informed that the Bangko Sentral ng Pilipinas has approved the granting of regulatory relief measures on December 29, 2011. As stipulated in the press release, posted on the BSP website http://www.bsp.gov.ph/publications/media.asp?id=2776, the temporary measures include the following: 1. Excluding existing loans of borrowers in affected areas …