BSP Circular No. 239 - ROPOA Regulations

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BSP CIRCULAR NO. 239: BSP Circular No. 239 - ROPOA Regulations

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Title Supreme Court: BSP Circular No. 239 - ROPOA Regulations

Law: Bsp Circular No. 239

Decision Date: May 4, 2000

BSP Circular No. 239 mandates that banks and non-bank financial institutions must obtain prior approval from Bangko Sentral before reclassifying real and other properties owned or acquired (ROPOA) as bank premises or real property, ensuring that only assets earmarked for immediate or future use can be reclassified and booked accordingly.

bank premises

manual of

accounts

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