Amendments on Secured DOSRI Loans

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BSP CIRCULAR NO. 186: Amendments on Secured DOSRI Loans

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Title Source: Supreme Court: Amendments on Secured DOSRI Loans

Law: Bsp Circular No. 186

Decision Date: Jan 26, 1999

BSP Circular No. 186 amends regulations on secured loans to directors, officers, stockholders, and their related interests (DOSRI) of banks and quasi-banking institutions, stipulating that such loans must be secured by high-grade assets and limiting loan values to 50% of the market value of stocks from listed corporations with a net worth of at least P1 billion and five years of earnings.

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