Private Development Banks Act overview

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Republic Act No. 4093: Private Development Banks Act overview

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Title Source: Supreme Court: Private Development Banks Act overview

Law: Republic Act No. 4093

Decision Date: Jun 19, 1964

The Private Development Banks' Act promotes economic growth in the Philippines by encouraging the establishment of private development banks that provide capital and investment credit to Filipino entrepreneurs, with government assistance and cooperation, regulation and supervision, and penalties for violations ensuring their stability and credibility.

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