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    Dosri Accounts

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    Ron Viray
    (1) Directors, officers, and stockholders of a bank, and their related interests, are restricted from borrowing directly or indirectly from that bank. (2) Any borrowing or other financial accommodation from the bank requires the written approval of a majority of the bank's directors, excluding the director concerned. (3) Requisites for the restriction include the borrower being a director, officer or stockholder of the bank, contracting a loan or financial accommodation from that bank or a related bank, and the loan exceeding 5% of the bank's capital and surplus.

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    Dosri Accounts

    Uploaded by

    Ron Viray
    376 views4 pages
    (1) Directors, officers, and stockholders of a bank, and their related interests, are restricted from borrowing directly or indirectly from that bank. (2) Any borrowing or other financial accommodation from the bank requires the written approval of a majority of the bank's directors, excluding the director concerned. (3) Requisites for the restriction include the borrower being a director, officer or stockholder of the bank, contracting a loan or financial accommodation from that bank or a related bank, and the loan exceeding 5% of the bank's capital and surplus.

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    dosri accounts

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    (1) Directors, officers, and stockholders of a bank, and their related interests, are restricted from borrowing directly or indirectly from that bank. (2) Any borrowing or other financial accommodation from the bank requires the written approval of a majority of the bank's directors, excluding the director concerned. (3) Requisites for the restriction include the borrower being a director, officer or stockholder of the bank, contracting a loan or financial accommodation from that bank or a related bank, and the loan exceeding 5% of the bank's capital and surplus.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    376 views4 pages

    Dosri Accounts

    Uploaded by

    Ron Viray
    (1) Directors, officers, and stockholders of a bank, and their related interests, are restricted from borrowing directly or indirectly from that bank. (2) Any borrowing or other financial accommodation from the bank requires the written approval of a majority of the bank's directors, excluding the director concerned. (3) Requisites for the restriction include the borrower being a director, officer or stockholder of the bank, contracting a loan or financial accommodation from that bank or a related bank, and the loan exceeding 5% of the bank's capital and surplus.

    Copyright:

    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 4

    (a) the direct liability of the maker or acceptor of paper

    discounted with or sold to such bank and the liability of a


    general endorser, drawer or guarantor who obtains a loan
    or other credit accommodation from or discounts paper
    INCLUSION TO with or sells papers to such bank.

    SINGLE (b) in the case of an individual who owns or controls a

    BORROWER’S
    majority interest in a corporation, partnership, association
    or any other entity, the liabilities of said entities to such
    bank.
    LIMIT
    (c) in the case of a corporation, all liabilities to such bank of
    all subsidiaries in which such corporation owns or controls
    Sec. X303(c) Manual of Regulations for a majority interest.
    Banks

    (d) in the case of a partnership, association or other entity,


    the liabilities of the members thereof to such bank.
    (a) loans and other credit accommodations secured by obligations
    of the Bangko Sentral or of the Philippine Government

    EXCLUSION FROM (b) loans and other credit accommodations fully guaranteed by the
    government as to the payment of principal and interest

    SINGLE (c) loans and other credit accommodations secured by U.S. treasury
    notes and other securities issued by central governments and

    BORROWER’S
    central banks of foreign countries with the highest credit quality
    given by any two internationally accepted rating agencies

    LIMIT (d) loans and other credit accommodations to the extent covered by
    the hold-out on or assignment of, deposits maintained in the
    lending bank and held in the Philippines
    Sec. X303(e) Manual of Regulations for
    Banks (e) loans, credit accommodations and acceptances under letters of
    credit to the extent covered by margin deposits

    (f) other loans or credit accommodations which the Monetary Board


    may from time to time specify as non-risk  items
    General Banking Law

    SECTION 36. Restriction on Bank Exposure to Directors,

    DOSRI Accounts Officers, Stockholders and Their Related Interests

    No director or officer of any bank shall, directly or


    Directors, Officers, Stockholders and indirectly, for himself or as the representative or agent of
    Their Related Interests others, borrow from such bank nor shall he become a
    guarantor, indorser or surety for loans from such bank to
    others, or in any manner be an obligor or incur any
    contractual liability to the bank except with the written
    approval of the majority of all the directors of the bank,
    excluding the director concerned
    (a) The borrower is a director, officer or any stockholder of a
    bank;

    (b) He contracts a loan or any form of financial


    accommodation

    REQUISITES (c) The loan or financial accommodation is from his bank or a


    bank that is a subsidiary of a bank holding company of which
    both his bank and the lending bank are subsidiaries, or a bank
    in which a controlling proportion of the shares is owned by the
    BSP CIRCULAR NO. 170 same interest that owns a controlling proportion of the shares
    of his bank

    (d) The loan or financial accommodation of the director,


    officer or stockholder, singly or with that of his related
    interest, is in excess of 5% of the capital and surplus of the
    lending bank or in the maximum amount permitted by law,
    whichever is lower

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