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Regulations

Guidelines on the Establishment of Banks

The BSP, as part of its chartering process, puts emphasis on the suitability of shareholders, adequacy of financial strength and sufficient expertise and integrity of management, among others, in ensuring that the proposed bank will be operated in a secure and prudent manner.

The application for authority to establish a bank shall be submitted to the Office of Supervisory Policy Development (OSPD). Following are the relevant guidelines and forms for the establishment of banks:

Domestic Banks

Guidelines:

Forms:

Foreign Banks

In the case of foreign banks, they may operate in the Philippines through any one (1) of the following modes of entry:

Mode 1:

By acquiring, purchasing or owning up to 100% of the voting stock of an existing domestic bank.

Mode 2:

By investing in up to 100% of the voting stock of a new banking subsidiary incorporated in the Philippines.

Mode 3:

By establishing branches with full banking authority.

Guidelines:

Forms: