Minimum Capital for Thrift Banks BSP Circular

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BSP CIRCULAR NO. 1254: Minimum Capital for Thrift Banks BSP Circular

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Title Source: Supreme Court: Minimum Capital for Thrift Banks BSP Circular

Law: Bsp Circular No. 1254

Decision Date: Sep 27, 1990

The Monetary Board mandates minimum paid-in capital requirements for thrift banks, setting P20 million for existing banks in Metro Manila and P10 million outside, while new banks must have P100 million and P20 million respectively.

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