Amendments to Bank Classifications and Powers

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BSP Circular No. 865: Amendments to Bank Classifications and Powers

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Title Source: Supreme Court: Amendments to Bank Classifications and Powers

Law: Bsp Circular No. 865

Decision Date: Dec 22, 2014

BSP Circular No. 865 amends the Manual of Regulations for Banks, detailing the classifications, powers, and scope of authorities for Universal Banks, Commercial Banks, Thrift Banks, Rural Banks, and Cooperative Banks, while outlining the prerequisites for granting banking authorities and expanding the services they may offer.

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