BSP Circular on Equity Investments Accounting

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Title Supreme Court: BSP Circular on Equity Investments Accounting

Law: Bsp Circular No. 243

Decision Date: May 12, 2000

BSP Circular No. 243 redefines "Equity Investments" for commercial banks, allowing the inclusion of indirect equity ownership in total investments and stipulating that investments over 50% of voting stock must use the equity method of accounting, while also clarifying that equity earnings are not eligible for dividend declaration.

equity investments

monetary board

accounting method

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