MANUAL OF REGULATIONS FOR BANKS

TABLE OF CONTENTS

POWER OF THE BANGKO SENTRAL

SECTION X001 Examination by the Bangko Sentral

X001.1 Refusal to permit examination

SECTIONS X002 - X008 (Reserved)

SECTION X009 Supervisory Enforcement Policy

PART ONE - ORGANIZATION, MANAGEMENT AND ADMINISTRATION

A. CLASSIFICATIONS AND POWERS OF BANKS

SECTION X101 Classifications, Powers and Scope of Authorities of Banks

1101.1 (Reserved)
2101.1 Authority of thrift banks to issue foreign letters of
credit and pay/accept/negotiate import/export drafts/
bills of exchange
2101.2 Application for authority to issue foreign letters of
credit and pay/accept/negotiate import/export drafts/
bills of exchange

B. ESTABLISHMENT AND ORGANIZATION

SECTION X102 Basic Guidelines in Establishing Banks

X102.1 Prerequisites for the grant of a universal banking
authority
X102.2 Establishment of new domestic banks
X102.3 Establishment of microfinance-oriented banks
X102.4 Conditions for the grant of authority to convert into
a lower category
X102.5 Conversion of microfinance-oriented thrift banks/
rural banks
X102.6 (Reserved)
X102.7 Application and license fees for new domestic banks

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