“§ X102.7 Application and license fees for new domestic banks “Applications for new domestic banking licenses, except for applications to establish a bank with head office located in cities ar municipalities where there are No existing banking offices as well as to merge and acquire a distressed bank, shall be subject to both application and license fees below: Universal Banks 0500) 25.000 ‘Commercial Banks (0.400. 20.000 ‘Thrift Banks ~ Head Office in National Capital Region ‘0100 5.000 (nce) = Head Oifice in AllOther Areas Outside ‘oa 2.000 Wer ural and Cooperative Banks = Head Office in NCR ‘oni 0300) = Wead Office in All thor Areas Outaide (0.004 (0200 NCR (Al Cities upto ard cae |__ municipalities = Head Office in AllOther Areas Outside ‘0002 0100 NCR ath cass to 6th class municipalities) ‘The application fee shall be non-refundable and shall be paid upon filing of the written application to establish a bank. The license fee, net of the application fee, shall be paid after the Monetary Board has approved said application. “The aforementioned fees shall also apply to existing damestic and foreign banks! that are upgrading to the next higher bank category.”