Rules on Thrift Banks Operating FCDU

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CIRCULAR NO. 322, MARCH 7, 2002: Rules on Thrift Banks Operating FCDU

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Title Supreme Court: Rules on Thrift Banks Operating FCDU

Law: Circular No. 322, March 7, 2002

Decision Date: Mar 7, 2002

Thrift banks with a net worth of at least P650 million in Metro Manila or P150 million outside must obtain Monetary Board approval to operate a Foreign Currency Deposit Unit (FCDU), adhering to strict profitability, capitalization, and compliance requirements.

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thrift banks

monetary board

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