Conversion of Central Bank Debt to Bank Equity

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BSP CIRCULAR NO. 1361 s.1992: Conversion of Central Bank Debt to Bank Equity

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Title Supreme Court: Conversion of Central Bank Debt to Bank Equity

Law: Bsp Circular No. 1361 S.1992

Decision Date: Oct 22, 1992

BSP Circular No. 1361 establishes guidelines for a program allowing holders of eligible Central Bank credit to convert their restructured loans into equity investments in distressed local commercial, thrift, or rural banks, aiming to rehabilitate these institutions and strengthen the banking system.

equity position

distressed banks

central bank

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