Amendment to Single Borrower Limits for PPP Loans

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BSP CIRCULAR NO. 779: Amendment to Single Borrower Limits for PPP Loans

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Title Source: Supreme Court: Amendment to Single Borrower Limits for PPP Loans

Law: Bsp Circular No. 779

Decision Date: Jan 9, 2013

BSP Circular No. 779 amends regulations to allow banks and quasi-banks to increase their credit exposure limits to a single borrower by an additional 25% of their net worth for infrastructure and development projects under the Public-Private Partnership (PPP) Program, subject to specific conditions and a six-year timeframe.

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