Capital Requirements for Rural and Cooperative Banks

Ask AI

BSP CIRCULAR NO. 1294: Capital Requirements for Rural and Cooperative Banks

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Capital Requirements for Rural and Cooperative Banks

Law: Bsp Circular No. 1294

Decision Date: Jul 9, 1991

The Monetary Board mandates rural and cooperative banks to implement a capital build-up program, raising private capitalization to specified minimums, with new banks required to have at least P2 million in capital, and stricter requirements for banks in the National Capital Region and major cities.

capital

rural banks

cooperative banks

END