Amendment on dividend availability for non-bank ficial institutions

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BSP CIRCULAR NO. 484: Amendment on dividend availability for non-bank ficial institutions

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Title Supreme Court: Amendment on dividend availability for non-bank ficial institutions

Law: Bsp Circular No. 484

Decision Date: May 24, 2005

BSP Circular No. 484 amends the regulations for non-bank financial institutions to clarify the calculation of net amounts available for dividends, ensuring compliance with the General Banking Law of 2000 by detailing exclusions such as bad debts and unbooked capital adjustments.

amendment

banking law

monetary board

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