Search results
REPUBLIC ACT NO. 8791 May 23, 2000. AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF BANKS, QUASI-BANKS, TRUST ENTITIES AND FOR OTHER PURPOSES. CHAPTER I. TITLE AND CLASSIFICATION OF BANKS. Section 1. Title. The short title of this Act shall be "The General Banking Law of 2000." (1a)
The General Banking Law of 2000 (RA 8791) - PDF file, 79 KB . Chapter I - Title and Classification of Banks. Chapter II - Authority of the Bangko Sentral. Chapter III - Organization, Management and Administration of Banks, Quasi-Banks and Trust Entities. Chapter IV - Deposits, Loans and Other Operations.
People also ask
Is bank deposit secrecy a crime in the Philippines?
Does the Philippines still have strict banking laws?
Can a foreign bank own a bank in the Philippines?
What is the purpose of the Banking Act?
Republic Act No. 1405,3 also known as the Law on Secrecy of Bank Deposits, was enacted in September 1955, primarily to encourage the public to invest their money in government securities and deposit them in banking institutions, discourage private hoarding,4 and enhance protection of privacy rights.5 During those times, the country needed enough...
Felipe M Medalla: Chronicling the evolution of Philippine banking laws Speech by Mr Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the launch of the legal book "Banking Laws of the Philippines – Annotated", Manila, 25 May 2023. * * *
Full text of banking laws of the Philippines. Featured on the Internet by the Chan Robles Virtual Law Library.
Apr 4, 2019 · Philippines April 4 2019. Use the Lexology Getting the Deal Through tool to compare the answers in this article with those from other jurisdictions. Regulatory framework. Key policies. What are...
An Act Amending Republic Act Number 7653, Otherwise Known as "The New Central Bank Act", and for Other Purposes. Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled: Section 1. Section 2 of Republic Act No. 7653, otherwise known as "The New Central Bank Act", is hereby amended to read as follows: "Sec. 2.
