“Ways. one hundred. Good collaborative financial will primarily give economic, banking and you will borrowing features to cooperative communities in addition to their people. Although not, the BSP can get prescribe suitable guidelines, ceilings and you may criteria towards the borrowing from the bank out of a great collaborative business out-of good collaborative bank.
Investment Criteria out of Cooperative Banking companies
“The newest vitality and procedures of good collaborative lender shall be subject so you can such as for example rules and regulations due to the fact is promulgated by BSP.
“Along with the powers provided from this Code or any other existing legislation, any collaborative bank could possibly get create one or the banking properties supplied by other sorts of finance companies at the mercy of the prior recognition of your own BSP.
“Artwork. 101. (1) A cooperative bank should provides the absolute minimum paid off-up resource this kind of amount because may be required of the BSP.Leggi tutto