NON-RISK ASSETS EXEMPT FROM THE COMPUTATION OF A LOCAL COMMERCIAL BANK’S SINGLE BORROWER’S LOAN LIMIT
National Administrative Register May 25, 1990 [ BSP CIRCULAR NO. 1243, June 21, 1990 ]
The Monetary Board, in its Resolution No. 519 dated May 25, 1990, decided to consider the portions of the peso loans covered by guarantees of international/regional institutions where the Philippine Government is a member/shareholder, such as IFC and/or the Asian Development Bank as non-risk assets exempt from the computation of a local commercial bank’s single borrower’s loan limit.
This Circular shall take effect immediately.
Adopted: 21 June 1990
(SGD.) JOSE L. CUISIA, JR.
Governor