Sanctions for Non-Compliance with SME Credit Allocation

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Title Supreme Court: Sanctions for Non-Compliance with SME Credit Allocation

Law: Bsp Circular No. 209

Decision Date: Sep 9, 1999

BSP Circular No. 209 imposes substantial fines on banks for non-compliance with mandated credit allocation ratios for small and medium enterprises, including daily penalties for undercompliance and severe sanctions for false reporting.

sanctions

compliance

credit allocation

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