Foreign Banks Full Entry Act

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Republic Act No. 10641: Foreign Banks Full Entry Act

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Title Supreme Court: Foreign Banks Full Entry Act

Law: Republic Act No. 10641

Decision Date: Jul 15, 2014

Republic Act No. 10641 allows the full entry of foreign banks into the local banking system, enabling them to acquire existing banks, establish subsidiaries, or open branches while ensuring that at least 60% of the banking system's resources remain under the control of domestic banks.

foreign banks

banking system

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