Date post: | 07-Aug-2018 |
Category: |
Documents |
Upload: | marvin-luis-montilla |
View: | 215 times |
Download: | 0 times |
of 364
8/20/2019 General Banking Act of 2000
1/915
REPUBLIC ACT
NO.8791
AN ACTPROVIDI
NG FORTHEREGULATION OF
THEORGANIZATION
ANDOPERATIONS OFBANKS,QUASI-BANKS,TRUSTENTITIES ANDFOR
OTHERPURPOS
ES
CHAPTE
R I
TITLE
AND
CLASSIFI
CATION
OF
BANKS
Sec 1. Title. Theshorttitle of this Actshall be“TheGeneralBanking
Law of 2000."(1a)
Sec. 2.eclar
8/20/2019 General Banking Act of 2000
2/915
ation!f
olic#.$
TheStaterecogni%esthe&italroleof banks'ro&iinganen
&ironentcon
8/20/2019 General Banking Act of 2000
3/915
*ci&eto
thes*stainee&elo'entof thenationalecono#anthe+
*ciar#nat*reof
8/20/2019 General Banking Act of 2000
4/915
banking
thatre,*ireshighstanarsof integrit#an'erforance.-nf*rther
ancethereof
8/20/2019 General Banking Act of 2000
5/915
theStates
hall'rooteanaintainastableane/cientbankingan+n
ancials#steth
8/20/2019 General Banking Act of 2000
6/915
atisglobal
l#co'etiti&e#naicanres'onsi&etotheeansof ae
&elo'ingeco
8/20/2019 General Banking Act of 2000
7/915
no#.
Sec. .
e+nition anlassi+cation of Banks. $
.1."Banks"shallrefertoentitiesengageintheleni
ngof f*nsobt
8/20/2019 General Banking Act of 2000
8/915
aineinth
eforof e'osits.
.2.Banksshallbeclassi+einto
(a)
3
ni&ersal
8/20/2019 General Banking Act of 2000
9/915
banks4
(b)
oerc
ial
banks4
(
c)
Thrif t
ban
ks
co'o
8/20/2019 General Banking Act of 2000
10/915
se
of
(i)
Sa&ings
an
ortgage
banks4
(ii)
Stock
sa&
8/20/2019 General Banking Act of 2000
11/915
ings
a
n
loan
assoc
iations4
an
(iii)
ri&ate
e&elo'e
8/20/2019 General Banking Act of 2000
12/915
nt
ban
ks
as
ef ine
in
the
5e'*
blic
Act
6o.
7809
(her
8/20/2019 General Banking Act of 2000
13/915
eaf ter
the
“
Thrif t
Banks
Act:)4
()
5*ral
ban
ks
as
e
8/20/2019 General Banking Act of 2000
14/915
f ine
in
5e'*blic
A
ct
6o.
7S
(
hereaf ter
the
"5*ral
B
8/20/2019 General Banking Act of 2000
15/915
anks
A
ct")4
(e)
o
o'erati&e
ban
ks
as
ef ine
in
5e'*
8/20/2019 General Banking Act of 2000
16/915
blic
A
ct
6o
98;
(h
ereaf ter
the
"oo'erati&e
oe")4
8/20/2019 General Banking Act of 2000
17/915
(f )
-s
laic
banks
a
s ef ine
in
5e'*blic
Act
6o.
9;<;
8/20/2019 General Banking Act of 2000
18/915
other
wise
known
as
the
“harter
of
Al
Aanah
-slaic
8/20/2019 General Banking Act of 2000
19/915
-n&est
ent
Bank
of
the
hili''in
es:4
an
(g)
!ther
cl
8/20/2019 General Banking Act of 2000
20/915
assif i
cations
of
ba
nks
as
eter
ine
b#
the
=
onetar#
B
8/20/2019 General Banking Act of 2000
21/915
oar
o
f the
Bangko
Sentral
ng
i
li'inas.
CHAPTE
R II
AUTHORI
TY OF
THEBANGKO
SENTRAL
Sec.
8/20/2019 General Banking Act of 2000
22/915
sor#ow
ers. Theo'erationsanacti&itiesof banksshallbes*b>ecttos*
'er&isionof the
8/20/2019 General Banking Act of 2000
23/915
Bangko
Sentral.“S*'er&ision:shallincl*ethefollowing
<.1.
The
iss*ance
8/20/2019 General Banking Act of 2000
24/915
of
r*
les
of
con*
ct
or
the
est
ablishent
st
anars
o
8/20/2019 General Banking Act of 2000
25/915
f
o'er
ation
f or
*ni
f or
a''licat
ion
to
all
in
stit*tion
8/20/2019 General Banking Act of 2000
26/915
s
or
f
*nctions
co&e
re
taking
i
nto
consiera
tion
the
8/20/2019 General Banking Act of 2000
27/915
istin
cti&e
charact
er
of
the
o'e
rations
of
in
stit*tions
8/20/2019 General Banking Act of 2000
28/915
an
t
he
s*bstanti&
e siilaritie
s of
s'ecif ic
f *nction
8/20/2019 General Banking Act of 2000
29/915
s
to
w
hich
s*ch
r*l
es
oes
or
stanars
are
to
be
a'
8/20/2019 General Banking Act of 2000
30/915
'lie4
<.2.
The
con
*ct
of
e?ai
nation
to
et
erine
co
8/20/2019 General Banking Act of 2000
31/915
'lian
ce
with
laws
an
reg*latio
ns
if
the
cir
c*stance
8/20/2019 General Banking Act of 2000
32/915
s
so
w
arrant
as
et
erine
b#
th
e =onetar#
Bo
ar4
<.
8/20/2019 General Banking Act of 2000
33/915
.
!&er
seeing
to
asc
ertain
that
l
aws
an
reg*l
ations
ar
8/20/2019 General Banking Act of 2000
34/915
e
co'
lie
with4
<
.<
.
5eg*lar
i
n&estigation
which
sha
8/20/2019 General Banking Act of 2000
35/915
ll
not
be
of tener
t
han
once
a
#e
ar
f ro
the
l
ast
ate
8/20/2019 General Banking Act of 2000
36/915
of
e?a
ination
to
eterine
whet
her
an
instit
*tion
is
8/20/2019 General Banking Act of 2000
37/915
con*c
ting
its
b*si
ness
on
a
saf
e or
so*n
ba
sis
ro&
8/20/2019 General Banking Act of 2000
38/915
ie
That
the
ef i
ciencies@irre
g*larities
f o
*n
b#
or
8/20/2019 General Banking Act of 2000
39/915
isco
&ere
b#
an
a
*it
shall
be
ieiatel#
aresse
8/20/2019 General Banking Act of 2000
40/915
4
<.
. -n,*iring
i
nto
the
sol&e
nc#
an
li,*i
it#
of
t
8/20/2019 General Banking Act of 2000
41/915
he
ins
tit*tion4
or
8/20/2019 General Banking Act of 2000
42/915
ion.
T
heBangkoSentralshallalsoha&es*'er&isiono&ertheo'er
ationsof ane
8/20/2019 General Banking Act of 2000
43/915
?ercisere
g*lator#'owerso&er,*asi$bankstr*stentitiesanother+na
ncialinstit*tion
8/20/2019 General Banking Act of 2000
44/915
swhich*
ners'eciallawsares*b>ecttoBangkoSentrals*'er&ision.
C
orthe'*r'ose
8/20/2019 General Banking Act of 2000
45/915
sof thisAct
“,*asi$banks:shallrefertoentitiesengageintheborrowin
gof f*nsthro*
8/20/2019 General Banking Act of 2000
46/915
ghtheiss
*anceenorseentorassignentwithreco*rseoracce'tanceof
e'osits*b
8/20/2019 General Banking Act of 2000
47/915
stit*tesa
se+neinSection8of 5e'*blicAct6o.79(hereaf terthe“6
ewentralBa
8/20/2019 General Banking Act of 2000
48/915
nkAct:)fo
r'*r'osesof re$leningor'*rchasingof recei&ablesanother
obligations.
8/20/2019 General Banking Act of 2000
49/915
Sec..olic#i
rection45atioseilingsanLiitations.D
TheBangkoSentrals
hall'ro&ie'
8/20/2019 General Banking Act of 2000
50/915
olic#irect
ionintheareasof one#bankingancreit.
Corthis'*r'oseth
e=onetar#Bo
8/20/2019 General Banking Act of 2000
51/915
ara#'r
escriberatiosceilingsliitationsorotherforsof reg*lationonth
eiE erentt#'e
8/20/2019 General Banking Act of 2000
52/915
8/20/2019 General Banking Act of 2000
53/915
onf ortoin
ternationall#acce'testanarsincl*ingof theBankfor-nternatio
nalSettleent
8/20/2019 General Banking Act of 2000
54/915
s(B-S).
Th
e=onetar#Boara#e?e't'artic*larcategoriesof transactio
nsfros*ch
8/20/2019 General Banking Act of 2000
55/915
ratioscei
lingsanliitationsb*tnotliitetoe?ce'tionalcasesortoen
ableabankor
8/20/2019 General Banking Act of 2000
56/915
,*asi$b
ank*nerrehabilitationor*ringaergerorconsoliationtocontin
*einb*siness
8/20/2019 General Banking Act of 2000
57/915
withsaf et
#toitscreitorse'ositorsanthegeneral'*blic.
Sec. 9.A*thorit#
tongageinB
8/20/2019 General Banking Act of 2000
58/915
ankinga
nF*asi$BankingC*nctions.$6o'ersonorentit#shallenga
geinbanking
8/20/2019 General Banking Act of 2000
59/915
o'eration
sor,*asi$bankingf*nctionswitho*ta*thorit#frotheBangko
Sentralro&i
8/20/2019 General Banking Act of 2000
60/915
ehowe
&er
Thatanentit#a*thori%eb#theBangkoSentralto'erfor
*ni&ersalorco
8/20/2019 General Banking Act of 2000
61/915
ercialb
ankingf*nctionsshalllikewisehaðea*thorit#toengagein
,*asi$banki
8/20/2019 General Banking Act of 2000
62/915
ngf*nctio
ns.
Theeterinationof whethera'ersonorentit#is'erforingb
ankingor,*a
8/20/2019 General Banking Act of 2000
63/915
si$banki
ngf*nctionswitho*tBangkoSentrala*thorit#shallbeecie
b#the=onet
8/20/2019 General Banking Act of 2000
64/915
ar#Boar.
Toresol&es*chiss*ethe=onetar#Boara#4thro*ghthea''ro
'riates*'er&isi
8/20/2019 General Banking Act of 2000
65/915
ngane
?aininge'artentof theBangkoSentrale?aineins'ector
in&estigatethe
8/20/2019 General Banking Act of 2000
66/915
booksan
recorsof s*ch'ersonorentit#.3'oniss*anceof thisa*thorit
#s*ch'erso
8/20/2019 General Banking Act of 2000
67/915
norentit#
a#coencetoengageinbankingo'erationsor,*asi$ba
nkingf*nction
8/20/2019 General Banking Act of 2000
68/915
anshal
lcontin*etooso*nlesss*cha*thorit#issooners*rrenere
re&okes*s
8/20/2019 General Banking Act of 2000
69/915
'ene
orann*lleb#theBangkoSentralinaccorancewiththisActoroth
ers'eciallaws.
8/20/2019 General Banking Act of 2000
70/915
Thee
'artentheaanthee?ainersof thea''ro'riates*'er&ising
ane?ainin
8/20/2019 General Banking Act of 2000
71/915
ge'art
entarehereb#a*thori%etoainisteroathstoan#s*ch'ers
one'lo#ee
8/20/2019 General Banking Act of 2000
72/915
o/ceror
irectorof an#s*chentit#antoco'elthe'resentationor'ro*
ctionof s*chb
8/20/2019 General Banking Act of 2000
73/915
ookso
c*ents'a'ersorrecorsthatarereasonabl#necessar#toascer
tainthefactsrela
8/20/2019 General Banking Act of 2000
74/915
ti&etothe
tr*ef*nctionsano'erationsof s*ch'ersonorentit#.Cail*reorre
f*saltoco'l#
8/20/2019 General Banking Act of 2000
75/915
withthere,
*ire'resentationor'ro*ctionof s*chbooksoc*ents'a'
ersorrecorswi
8/20/2019 General Banking Act of 2000
76/915
thinareas
onabletieshalls*b>ectthe'ersonsres'onsibletheref oretoth
e'enalsanct
8/20/2019 General Banking Act of 2000
77/915
ions'ro&i
e*nerthe6ewentralBankAct.
ersonsorentitiesfo*n
tobe'erfor
8/20/2019 General Banking Act of 2000
78/915
ingbanki
ngor,*asi$bankingf*nctionswitho*ta*thorit#frotheBangk
oSentralshal
8/20/2019 General Banking Act of 2000
79/915
lbes*b>
ecttoa''ro'riatesanctions*nerthe6ewentralBankActan
othera''licabl
8/20/2019 General Banking Act of 2000
80/915
elaws.
Sec.7.
?ainationb#theBangkoSentral.D
TheBangkoSentralsh
allwhene?a
8/20/2019 General Banking Act of 2000
81/915
iningab
ankhaðea*thorit#toe?aineanenter'risewhichiswholl#or
a>orit#$owne
8/20/2019 General Banking Act of 2000
82/915
orcontro
lleb#thebank.
CHAPTE
R III
ORGANI
ZATION,
MANAGE
MENT
AND
ADMINIS
TRATION
OF
BANKS,
QUASI-
BANKS
AND
TRUST
ENTITIES
Sec.;.!rgani%ation.D
T
he=onetar#B
8/20/2019 General Banking Act of 2000
83/915
oara#
a*thori%etheorgani%ationof abankor,*asi$banks*b>ecttothe
followingcon
8/20/2019 General Banking Act of 2000
84/915
itions
;.1
That
the
entit#
is
a
s
tock
cor'orat
ion4
;.2
8/20/2019 General Banking Act of 2000
85/915
That
its
f *ns
are
obtaine
f ro
the
'*blic
which
sh
8/20/2019 General Banking Act of 2000
86/915
all
e
an
twent#
(20
) or
ore
'er
sons4
an
;.
That
th
8/20/2019 General Banking Act of 2000
87/915
e
ini
*
ca'ital
r
e,*ireents
'
rescribe
b#
the
=onet
8/20/2019 General Banking Act of 2000
88/915
ar#
Bo
ar
f or
each
categor#
of
b
anks
are
sati
sf ie.6o
8/20/2019 General Banking Act of 2000
89/915
new
co
ercial
bank
shall
be
est
ablishe
with
in
three
8/20/2019 General Banking Act of 2000
90/915
()
#e
ars
f ro
the
ef f ecti&it#
o
f this
Act.
-
n the
e?e
8/20/2019 General Banking Act of 2000
91/915
rcise
of
the
a*thor
it#
grante
h
erein
the
=o
netar#
Bo
8/20/2019 General Banking Act of 2000
92/915
ar
sh
all
take
into
consieratio
n their
ca'ab
ilit#
in
8/20/2019 General Banking Act of 2000
93/915
ters
of
their
f ina
ncial
reso*rc
es
an
techni
cal
e?'er
8/20/2019 General Banking Act of 2000
94/915
tise
a
n
integrit#.
The
bank
lic
ensing
'roces
s shall
i
8/20/2019 General Banking Act of 2000
95/915
ncor'o
rate
an
asses
sent
of
the
banks
owners
hi'
str*c
8/20/2019 General Banking Act of 2000
96/915
t*re
irectors
an
senior
anag
eent
its
o'
erating
'
8/20/2019 General Banking Act of 2000
97/915
lan
an
internal
co
ntrols
as
wel
l as
its
'ro
>
ecte
f in
8/20/2019 General Banking Act of 2000
98/915
ancial
conition
an
ca'ital
bas
e.
Sec.8.-ss*anceof
Stocks.D
The=
8/20/2019 General Banking Act of 2000
99/915
onetar#B
oara#'rescriber*lesanreg*lationsonthet#'esof stockab
anka#iss*
8/20/2019 General Banking Act of 2000
100/915
eincl*in
gthetersthereof anrightsa''*rtenanttheretotoeterineco
'liancewithlaw
8/20/2019 General Banking Act of 2000
101/915
sanreg
*lationsgo&erningca'italane,*it#str*ct*reof banks4ro&ie
Thatbankss
8/20/2019 General Banking Act of 2000
102/915
halliss*
e'ar&al*estocksonl#.
Sec.10. Treas*r#Stocks.D6obankshall'*r
chaseorac,
8/20/2019 General Banking Act of 2000
103/915
*ireshare
sof itsownca'italstockoracce'titsownsharesasasec*rit#
foraloane?ce
8/20/2019 General Banking Act of 2000
104/915
'twhena
*thori%eb#the=onetar#Boarro&ie
Thatine&er#casethe
stockso'*rc
8/20/2019 General Banking Act of 2000
105/915
haseor
ac,*ireshallwithinsi?(9)onthsfrothetieof its'*rchase
orac,*isition
8/20/2019 General Banking Act of 2000
106/915
besolor
is'oseof ata'*blicor'ri&atesale.
Sec.11.CoreignStockholingsD
Coreignini&i
8/20/2019 General Banking Act of 2000
107/915
*alsan
non$bankcor'orationsa#ownorcontrol*'tofort#'ercent(<0
H)of the&oting
8/20/2019 General Banking Act of 2000
108/915
stockof a
oesticbank.
Thisr*leshalla''l#toCili'inosanoesticno
n$bankcor'or
8/20/2019 General Banking Act of 2000
109/915
ations.
T
he'ercentageof foreign$owne&otingstocksinabankshallbe
eterineb#
8/20/2019 General Banking Act of 2000
110/915
theciti%e
nshi'of theini&i*alstockholersinthatbank.
Theciti%enshi'
of thecor'oratio
8/20/2019 General Banking Act of 2000
111/915
nwhichis
astockholerinabankshallfollowtheciti%enshi'of thecontro
llingstockhol
8/20/2019 General Banking Act of 2000
112/915
ersof the
cor'orationirres'ecti&eof the'laceof incor'oration.
Sec.12.Stockholi
ngsof Cail#G
8/20/2019 General Banking Act of 2000
113/915
ro*'sof 5
elate-nterests.DStockholingsof ini&i*alsrelatetoeachother
withinthefo*rth
8/20/2019 General Banking Act of 2000
114/915
egreeof c
onsang*init#ora/nit#legitiateorcoon$lawshallbecon
sierefail#
8/20/2019 General Banking Act of 2000
115/915
gro*'sor
relateinterestsan*stbef*ll#iscloseinalltransactionsb#
s*chcor'orat
8/20/2019 General Banking Act of 2000
116/915
ionsorrela
tegro*'sof 'ersonswiththebank..
Sec. 1.or'orateStockholing
s.$
Twoorore
8/20/2019 General Banking Act of 2000
117/915
cor'oratio
nsowneorcontrolleb#thesaefail#gro*'orsaegro*'
of 'ersonssh
8/20/2019 General Banking Act of 2000
118/915
allbeco
nsiererelateinterestsan*stbef*ll#iscloseinalltransa
ctionsb#s*c
8/20/2019 General Banking Act of 2000
119/915
8/20/2019 General Banking Act of 2000
120/915
.D
TheS
ec*ritiesan?changeoissionshallnoregisterthearticle
sof incor'oratio
8/20/2019 General Banking Act of 2000
121/915
nof an#b
ankoran#aenentthereto*nlessacco'anieb#acerti+c
ateof a*thorit#
8/20/2019 General Banking Act of 2000
122/915
iss*eb
#the=onetar#Boar*neritsseal.S*chcerti+cateshallnot
beiss*e*nl
8/20/2019 General Banking Act of 2000
123/915
essthe=o
netar#Boarissatis+efrothee&iences*bittetoit
1<.
1.
That
a
8/20/2019 General Banking Act of 2000
124/915
ll
re,
*ireents
of
e?isting
laws
an
reg*lati
ons
to
en
8/20/2019 General Banking Act of 2000
125/915
gage
i
n the
b*sines
s f or
which
t
he
a''licant
is
'ro'os
8/20/2019 General Banking Act of 2000
126/915
e
to
be
incor'orat
e
ha&e
been
co'lie
with
4
1<.2.
8/20/2019 General Banking Act of 2000
127/915
That
the
'*blic
in
terest
an
ec
onoic
conit
ions
bot
8/20/2019 General Banking Act of 2000
128/915
h
gene
ral
an
local
>*stif #
the
a*thori%atio
n4
an
8/20/2019 General Banking Act of 2000
129/915
1<..
That
the
ao*
nt
of
ca'ital
the
f inanci
ng
organ
8/20/2019 General Banking Act of 2000
130/915
i%atio
n
irection
an
ainistr
ation
as
wel
l as
the
8/20/2019 General Banking Act of 2000
131/915
integr
it#
an
res'o
nsibilit#
of
the
organi%er
s an
a
8/20/2019 General Banking Act of 2000
132/915
inistr
ators
reasona
bl#
ass*re
th
e saf et#
of
e'osits
a
8/20/2019 General Banking Act of 2000
133/915
8/20/2019 General Banking Act of 2000
134/915
issio
n shall
not
r
egister
the
b
#$laws
of
an#
bank
or
8/20/2019 General Banking Act of 2000
135/915
an#
a
enent
ther
eto
*nless
a
cco'anie
b#
a
certif
8/20/2019 General Banking Act of 2000
136/915
icate
of
a*thorit#
f ro
the
Bang
ko
Sentral.
Sec. 1.
Boarof irectors.
8/20/2019 General Banking Act of 2000
137/915
$ The'ro
&isionsof theor'orationoetothecontrar#notwithstaningthere
shallbeatlea
8/20/2019 General Banking Act of 2000
138/915
st+&e()
anaa?i*of +f teen(1)ebersof theboarorirectorsof aba
nktwo(2)of w
8/20/2019 General Banking Act of 2000
139/915
hoshal
lbeine'enentirectors.An"ine'enentirector"shalle
ana'ersonot
8/20/2019 General Banking Act of 2000
140/915
herthana
no/cerore'lo#eeof thebankitss*bsiiariesora/liatesorrela
teinterests..
8/20/2019 General Banking Act of 2000
141/915
6on$Cili'in
ociti%ensa#becoeebersof theboarof irectorsof aban
ktothee?tentof
8/20/2019 General Banking Act of 2000
142/915
theforeign
'artici'ationinthee,*it#of saibank.
Theeetingsof theboar
of irectorsa#
8/20/2019 General Banking Act of 2000
143/915
becon
*ctethro*ghoerntechnologiess*chasb*tnotliiteto
teleconf erenci
8/20/2019 General Banking Act of 2000
144/915
ngan&i
eo$conf erencing.
Sec. 19.Citanro'er5*le.$
Toaintainthe,*alit#
of bankana
8/20/2019 General Banking Act of 2000
145/915
geenta
naE orbetter'rotectiontoe'ositorsanthe'*blicingeneralth
e=onetar#Bo
8/20/2019 General Banking Act of 2000
146/915
arshall
'rescribe'ass*'onanre&iewthe,*ali+cationsanis,*ali+
cationsof ini&i
8/20/2019 General Banking Act of 2000
147/915
*alsele
cteora''ointebankirectorsoro/cersanis,*alif #those
fo*n*n+t.
8/20/2019 General Banking Act of 2000
148/915
Af ter*e
noticetotheboarof irectorsof thebankthe=onetar#Boara#i
s,*alif #s*s
8/20/2019 General Banking Act of 2000
149/915
'enorre
o&ean#bankirectororo/cerwhocoitsoroitsanactwhi
chrenerhi*
8/20/2019 General Banking Act of 2000
150/915
n+tforthe
'osition.-neteriningwhetheranini&i*alis+tan'ro'ertohol
the'ositionof
8/20/2019 General Banking Act of 2000
151/915
airectoror
o/cerof abankregarshallbegi&entohisintegrit#e?'erience
e*cationtrai
8/20/2019 General Banking Act of 2000
152/915
ningan
co'etence.
Sec. 17.irectorsof =ergeoronsoliateBanks. $-nthe
caseof aban
8/20/2019 General Banking Act of 2000
153/915
kergeror
consoliationthen*berof irectorsshallnote?ceetwent#$on
e(21)..
Sec. 1;.o
8/20/2019 General Banking Act of 2000
154/915
'ensat
ionan!therBene+tsof irectorsan!/cers.
To'rotectthe+nsof
e'ositorsan
8/20/2019 General Banking Act of 2000
155/915
creitors
the=onetar#Boara#reg*latethe'a#entb#thebarktoitsire
ctorsano/c
8/20/2019 General Banking Act of 2000
156/915
ersof co
'ensationallowancefeesbon*sesstocko'tions'ro+tsharin
ganfringeb
8/20/2019 General Banking Act of 2000
157/915
ene+tso
nl#ine?ce'tionalcasesanwhenthecirc*stanceswarrants
*chasb*tnot
8/20/2019 General Banking Act of 2000
158/915
liiteto
thefollowing
1;.1.
Ihen
a
bank
is
*ner
co
'trollersh
8/20/2019 General Banking Act of 2000
159/915
i'
or
conser&atorsh
i'4
or
1;.2.
Ihen
a
bank
is
f o*n
8/20/2019 General Banking Act of 2000
160/915
b#
the
=onetar#
Boa
r
to
be
con
*cting
b*sine
ss
in
an
8/20/2019 General Banking Act of 2000
161/915
*nsaf e
or
*nso*n
anner4
or
1;
..
Ihen
a
ba
nk
is
f o*
8/20/2019 General Banking Act of 2000
162/915
n
b#
the
=onetar#
Boar
to
be
i
n an
*nsatisf
actor#
f i
8/20/2019 General Banking Act of 2000
163/915
nancia
l conition.
Sec. 18.rohibitionon*blic!/cials.$?ce'tasot
herwise'ro&i
8/20/2019 General Banking Act of 2000
164/915
einthe5
*ralBanksActnoa''ointi&eorelecti&e'*blico/cialwhetherf*ll$ti
eor'art$tie
8/20/2019 General Banking Act of 2000
165/915
shallatth
esaetieser&easo/cerof an#'ri&atebanksa&eincases
wheres*chs
8/20/2019 General Banking Act of 2000
166/915
er&iceisin
cientto+nancialassistance'ro&ieb#thego&ernentorago
&ernentown
8/20/2019 General Banking Act of 2000
167/915
eorcont
rollecor'orationtothebankor*nlessotherwise'ro&ie*nere
?istinglaws.
8/20/2019 General Banking Act of 2000
168/915
Sec. 20.BankBr
anches.$3ni&ersalorcoercialbanksa#o'enbranchesor
othero/ceswi
8/20/2019 General Banking Act of 2000
169/915
thinoro*tsi
ethehili''ines*'on'riora''ro&alof theBangkoSentral.Br
anchingb#al
8/20/2019 General Banking Act of 2000
170/915
lotherba
nksshallbego&erneb#'ertinentlaws.
Abanka#s*b>ect
to'riora''ro&
8/20/2019 General Banking Act of 2000
171/915
alof the=o
netar#Boar*sean#orallof itsbranchesaso*tletsforthe'res
entationan@or
8/20/2019 General Banking Act of 2000
172/915
saleof the
+nancial'ro*ctsof itsallie*nertakingorof itsin&estentho
*se*nits.
8/20/2019 General Banking Act of 2000
173/915
Abanka
*thori%etoestablishbranchesorothero/cesshallberes'on
sibleforallb*
8/20/2019 General Banking Act of 2000
174/915
sinessco
n*cteins*chbranchesano/cestothesaee?tentan
inthesaea
8/20/2019 General Banking Act of 2000
175/915
nnerasth
o*ghs*chb*sinesshaallbeencon*cteintheheao/
ce.Abankan
8/20/2019 General Banking Act of 2000
176/915
itsbran
chesano/cesshallbetreateasone*nit..
Sec. 21.Banking
a#sanJo*r
8/20/2019 General Banking Act of 2000
177/915
s.D3nless
otherwisea*thori%eb#theBangkoSentralintheinterestof theba
nking'*blic
8/20/2019 General Banking Act of 2000
178/915
allbanks
incl*ingtheirbranchesano/cesshalltransactb*siness
onallworking
8/20/2019 General Banking Act of 2000
179/915
a#sforat
leastsi?(9)ho*rsaa#.-naitionbanksoran#of theirbranche
soro/cesa
8/20/2019 General Banking Act of 2000
180/915
#o'enfo
rb*sinessonSat*ra#sS*na#sorholia#sforatleastthree()h
o*rsaa#ro
8/20/2019 General Banking Act of 2000
181/915
&ie
Th
atbankswhicho'ttoo'enona#sotherthanworkinga#sshallre
'orttotheBan
8/20/2019 General Banking Act of 2000
182/915
gkoSent
raltheaitionala#s*ringwhichthe#ortheirbranchesoro/c
esshalltran
8/20/2019 General Banking Act of 2000
183/915
sactb*si
ness.
Cor'*r'osesof thisSectionworkinga#sshallean=on
a#stoCria#s
8/20/2019 General Banking Act of 2000
184/915
e?ce'tif s
*cha#sareholia#s.
Sec. 22.StrikesanLocko*ts.$
Thebanking
in*str#ishere
8/20/2019 General Banking Act of 2000
185/915
b#eclar
easinis'ensabletothenationalinterestannotwithstaningth
e'ro&isionsof
8/20/2019 General Banking Act of 2000
186/915
an#lawto
thecontrar#an#strikeorlocko*tin&ol&ingbanksif *nsettleaf
terse&en(7)
8/20/2019 General Banking Act of 2000
187/915
calenar
a#sshallbere'orteb#theBangkoSentraltotheSecretar#of L
aborwhoa#
8/20/2019 General Banking Act of 2000
188/915
ass*e
>*
risictiono&ertheis'*teorecieitorcertif #thesaetothe6atio
nalLabor5elat
8/20/2019 General Banking Act of 2000
189/915
8/20/2019 General Banking Act of 2000
190/915
#atan#ti
einter&eneanass*e
>*risictiono&ers*chlaboris'*teinor
ertosettleorte
8/20/2019 General Banking Act of 2000
191/915
rinateth
esae.
CHAPTE
R IV
DEPOSIT
S.
LOANS
AND
OTHER
OPERATI
ONS
Art!"#I.
O$#r%t&'( O) U'*#r(
%"B%'+(
Sec. 2.owersof a3ni&ersalBa
nk$A*ni&ers
8/20/2019 General Banking Act of 2000
192/915
albanks
hallhaðea*thorit#toe?erciseinaitiontothe'owersa*th
ori%eforaco
8/20/2019 General Banking Act of 2000
193/915
ercialb
ankinSection28the'owersof anin&estentho*seas'ro&ie
ine?istinglaw
8/20/2019 General Banking Act of 2000
194/915
santhe
'owertoin&estinnon$allieenter'risesas'ro&ieinthisAct.
Sec. 2
8/20/2019 General Banking Act of 2000
195/915
entsof a3
ni&ersalBank.DA*ni&ersalbanka#s*b>ecttotheconitions
stateinthes*
8/20/2019 General Banking Act of 2000
196/915
cceeing
'aragra'hin&estinthee,*itiesof allieannon$allieenter'ris
esasa#be
8/20/2019 General Banking Act of 2000
197/915
eterine
b#the=onetar#Boar.Allieenter'risesa#eitherbe+nancial
ornon$+nanci
8/20/2019 General Banking Act of 2000
198/915
al.
?ce
'tasthe=onetar#Boara#otherwise'rescribe
2<.1.
The
total
in
8/20/2019 General Banking Act of 2000
199/915
&este
nt
in
e,*itie
s of
allie
a
n
non$allie
enter'ri
8/20/2019 General Banking Act of 2000
200/915
ses
sh
all
not
e?cee
f if t#
'erce
nt
(0H)
of
t
he
net
wo
8/20/2019 General Banking Act of 2000
201/915
rth
of
the
bank4
an
2<.2.
The
e,*it#
in&est
ent
in
a
8/20/2019 General Banking Act of 2000
202/915
n#
one
enter'rise
whether
allie
or
non$alli
e
shall
8/20/2019 General Banking Act of 2000
203/915
not
e
?cee
twent#$
f i&e
'ercent
(2H)
of
the
net
worth
8/20/2019 General Banking Act of 2000
204/915
of
th
e bank.
As*se
inthisAct“networth:
shalleanthetotalof the*ni'aire
8/20/2019 General Banking Act of 2000
205/915
'ai$inca
'italincl*ing'ai$ins*r'l*sretaineearningsan*ni&ie'r
o+tnetof &al*
8/20/2019 General Banking Act of 2000
206/915
ationreser
&esanothera>*stentsasa#bere,*ireb#theBangkoS
entral.
Theac
8/20/2019 General Banking Act of 2000
207/915
8/20/2019 General Banking Act of 2000
208/915
chshall
'ro*lgatea''ro'riateg*ielinestogo&erns*chin&estents..
Sec. 2.,*it#-n&e
8/20/2019 General Banking Act of 2000
209/915
stentsof
a3ni&ersalBankinCinancialAllienter'rises.$A*ni&ersalban
kcanown*'
8/20/2019 General Banking Act of 2000
210/915
tooneh*
nre'ercent(100H)of thee,*it#inathrif tbankar*ralbankora
+nancialallie
8/20/2019 General Banking Act of 2000
211/915
enter'ris
e.
A'*blicl#$liste*ni&ersalorcoercialbanka#own*'toon
eh*nre'er
8/20/2019 General Banking Act of 2000
212/915
cent(100
H)of the&otingstockof onl#oneother*ni&ersalorcoercialban
k.
Sec. 29.,*it#-n&
8/20/2019 General Banking Act of 2000
213/915
estents
of a3ni&ersalBankin6on$CinancialAllienter'rises.DA*ni&ers
albanka#o
8/20/2019 General Banking Act of 2000
214/915
wn*'too
neh*nre'ercent(100H)of thee,*it#inanon$+nancialallie
enter'rise.
Sec. 27.,
8/20/2019 General Banking Act of 2000
215/915
*it#-n&est
entsof a3ni&ersalBankin6on$Allienter'rises.$
Thee,*it#in
&estentof a*
8/20/2019 General Banking Act of 2000
216/915
8/20/2019 General Banking Act of 2000
217/915
shallnot
e?ceethirt#$+&e'ercent(H)of thetotale,*it#inthatenter'risen
orshallite?ce
8/20/2019 General Banking Act of 2000
218/915
ethirt#$+
&e'ercent(H)of the&otingstockinthatenter'rise.
Sec. 2;.,*it#-n&e
stentsinF*a
8/20/2019 General Banking Act of 2000
219/915
si$Banks.
D To'rooteco'etiti&econitionsin+nancialarketsthe=on
etar#Boara
8/20/2019 General Banking Act of 2000
220/915
#f*rtherli
ittofort#'ercent(<0H)e,*it#in&estentsof *ni&ersalbanksin,
*asi$banks.
8/20/2019 General Banking Act of 2000
221/915
Thisr*les
hallalsoa''l#inthecaseof coercialbanks.
Art!"#II.O$#r%t&'( O) C&#r
!%"B%'+(
Sec. 28.
owersof ao
8/20/2019 General Banking Act of 2000
222/915
ercialBa
nk.$Acoercialbankshallha&einaitiontothegeneral'o
wersincientto
8/20/2019 General Banking Act of 2000
223/915
cor'oratio
nsalls*ch'owersasa#benecessar#tocarr#ontheb*sine
ssof coercial
8/20/2019 General Banking Act of 2000
224/915
banking
s*chasacce'tingraf tsaniss*inglettersof creit4isco*ntinga
nnegotiatin
8/20/2019 General Banking Act of 2000
225/915
g'roiss
or#notesraf tsbillsof e?changeanothere&iencesof ebt4a
cce'tingorcreat
8/20/2019 General Banking Act of 2000
226/915
ingea
ne'osits4recei&ingothert#'esof e'ositsane'osits*
bstit*tes4b*#i
8/20/2019 General Banking Act of 2000
227/915
ngans
ellingforeigne?changeangolorsil&erb*llion4ac,*iringark
etablebons
8/20/2019 General Banking Act of 2000
228/915
another
ebtsec*rities4ane?teningcreits*b>ecttos*chr*lesasth
e=onetar#Bo
8/20/2019 General Banking Act of 2000
229/915
ara#'r
o*lgate.
Theser*lesa#incl*etheeterinationof bonsan
otherebtse
8/20/2019 General Banking Act of 2000
230/915
c*ritiesel
igibleforin&estenttheat*ritiesanaggregateao*ntof s*c
hin&estent.
8/20/2019 General Banking Act of 2000
231/915
Sec. 0.,*it#
-n&estentsof aoercialBank.$Acoercialbanka#s*b>
ecttotheconi
8/20/2019 General Banking Act of 2000
232/915
tionsstat
einthes*cceeing'aragra'hsin&estonl#inthee,*itiesof alli
eenter'rises
8/20/2019 General Banking Act of 2000
233/915
asa#b
eeterineb#the=onetar#Boar.Allieenter'risesa#eitherb
e+nancialorn
8/20/2019 General Banking Act of 2000
234/915
on$+nan
cial..
?ce'tasthe=onetar#Boara#otherwise'rescribe
0.1.
The
8/20/2019 General Banking Act of 2000
235/915
total
in&estent
in
e,*ities
of
allie
enter'
rises
sha
8/20/2019 General Banking Act of 2000
236/915
ll
not
e?cee
thirt
#$f i&e
'ercen
t (H)
of
th
e net
wor
8/20/2019 General Banking Act of 2000
237/915
th
of
the
bank4
an
0.2.
The
e
,*it#
in&est
ent
in
an
8/20/2019 General Banking Act of 2000
238/915
#
one
enter'rise
sh
all
not
e?cee
twent#$f i&e
'ercent
8/20/2019 General Banking Act of 2000
239/915
(2H)
of
tile
net
w
orth
of
the
b
ank.
Theac,*isi
tionof s*che
8/20/2019 General Banking Act of 2000
240/915
,*it#ore,
*itiesiss*b>ecttothe'riora''ro&alof the=onetar#Boarwhichs
hall'ro*lgat
8/20/2019 General Banking Act of 2000
241/915
8/20/2019 General Banking Act of 2000
242/915
alBankin
CinancialAllienter'rises.$Acoercialbanka#own*'too
neh*nre'
8/20/2019 General Banking Act of 2000
243/915
ercent(10
0H)of thee,*it#of athrif tbankorar*ralbank.
Iherethee,*it#in
&estentof ac
8/20/2019 General Banking Act of 2000
244/915
oercial
bankisinother+nancialallieenter'risesincl*inganotherco
ercialbanks
8/20/2019 General Banking Act of 2000
245/915
*chin&e
stentshallreainainorit#holinginthatenter'rise.
Sec. 2.,*it#-n&
estentsof a
8/20/2019 General Banking Act of 2000
246/915
oercial
Bankin6on$CinancialAllienter'rises.$Acoercialbanka
#own*'toon
8/20/2019 General Banking Act of 2000
247/915
eh*nre
'ercent(100H)of thee,*it#inanon$+nancialallieenter'rise.
Art!"#III.
Pr&*(&'(
A$$"!%"# T&
A""B%'+(,Q%(-
8/20/2019 General Banking Act of 2000
248/915
B%'+(,A'/Tr(t
E'tt#(
Sec. .
Acce'tanceof eane'osits. $Abankotherthana*ni&ersal
orcoercialb
8/20/2019 General Banking Act of 2000
249/915
ankcan
notacce'torcreateeane'ositse?ce't*'on'riora''ro&al
of ans*b>e
8/20/2019 General Banking Act of 2000
250/915
8/20/2019 General Banking Act of 2000
251/915
sea'i
tal.$
The=onetar#Boarshall'rescribetheini*ratiowhic
hthenetworthof
8/20/2019 General Banking Act of 2000
252/915
abank
*stbeartoitstotalriskassetswhicha#incl*econtingentacco*
nts.
Cor'*r'o
8/20/2019 General Banking Act of 2000
253/915
sesof this
Sectionthe=onetar#Boara#re,*ires*chratiobeeterine
onthebasisof
8/20/2019 General Banking Act of 2000
254/915
thenetwor
thanriskassetsof abankanitss*bsiiaries+nancialorotherwi
seaswellas
8/20/2019 General Banking Act of 2000
255/915
'rescribe
theco'ositionantheannerof eteriningthenetworthanto
talriskassetsof
8/20/2019 General Banking Act of 2000
256/915
banksan
theirs*bsiiariesro&ie
Thatinthee?erciseof thisa*thorit#th
e=onetar#Bo
8/20/2019 General Banking Act of 2000
257/915
arshall
tothee?tentfeasibleconf ortointernationall#acce'testanarsin
cl*ingthose
8/20/2019 General Banking Act of 2000
258/915
of theBan
kfor-nternationalSettleents(B-S)relatingtorisk$baseca'ital
re,*ireentsr
8/20/2019 General Banking Act of 2000
259/915
o&ief*
rther
Thatita#alterors*s'enco'liancewiths*chratiow
hene&ernec
8/20/2019 General Banking Act of 2000
260/915
essar#for
aa?i*'erioof one(1)#earro&ie+nall#
Thats*chra
tioshallbea
8/20/2019 General Banking Act of 2000
261/915
''lie*ni
forl#tobanksof thesaecategor#..
-ncaseabankoesnot
co'l#withthe
8/20/2019 General Banking Act of 2000
262/915
'rescribe
ini*ratiothe=onetar#Boara#liitor'rohibittheistrib
*tionof net'ro+t
8/20/2019 General Banking Act of 2000
263/915
sb#s*c
hbankana#re,*irethat'artorallof thenet'ro+tsbe*setoin
creasetheca
8/20/2019 General Banking Act of 2000
264/915
8/20/2019 General Banking Act of 2000
265/915
a#f*rt
herorerestrictor'rohibittheac,*isitionof a>orassetsanthea
kingof newin&
8/20/2019 General Banking Act of 2000
266/915
estents
b#thebankwiththee?ce'tionof '*rchasesof reail#arketablee
&iencesof in
8/20/2019 General Banking Act of 2000
267/915
ebten
essof the5e'*blicof thehili''inesanof theBangkoSentrala
nan#othere
8/20/2019 General Banking Act of 2000
268/915
&ience
sof inebtenessorobligationstheser&icinganre'a#entof whi
charef*ll#g*
8/20/2019 General Banking Act of 2000
269/915
arantee
b#the5e'*blicof thehili''ines*ntiltheini*re,*ireca'i
talratiohasb
8/20/2019 General Banking Act of 2000
270/915
eenrestor
e.
-ncaseof abankergerorconsoliationorwhenabankis*
nerrehabilitat
8/20/2019 General Banking Act of 2000
271/915
ion*ner
a'rograa''ro&eb#theBangkoSentral=onetar#Boara
#te'oraril#re
8/20/2019 General Banking Act of 2000
272/915
lieðe
s*r&i&ingbankconsoliatebankorconstit*entbankorcor'
orations*ner
8/20/2019 General Banking Act of 2000
273/915
rehabilitat
ionfrof*llco'liancewiththere,*ireca'italratio*ners*ch
conitionsa
8/20/2019 General Banking Act of 2000
274/915
sita#'r
escribe.Bef oretheeE ecti&it#of r*leswhichthe=onetar#Boarisa
*thori%eto're
8/20/2019 General Banking Act of 2000
275/915
scribe*n
erthis'ro&isionSection22of theGeneralBankingActasaen
eSection8
8/20/2019 General Banking Act of 2000
276/915
of the
Thrift
BanksActanall'ertinentr*lesiss*e'*rs*anttheretoshall
contin*etobe
8/20/2019 General Banking Act of 2000
277/915
inforce.
Sec. .
LiitonLoansreitAccooationsanG*arantees.D
.1.
?ce'
8/20/2019 General Banking Act of 2000
278/915
8/20/2019 General Banking Act of 2000
279/915
asons
of
national
i
nterest
the
total
ao*nt
of
loans
8/20/2019 General Banking Act of 2000
280/915
crei
t accooati
ons
an
g*ara
ntees
as
a#
be
ef ine
8/20/2019 General Banking Act of 2000
281/915
b#
t
he
=onetar#
B
oar
that
a#
be
e?tene
b#
a
bank
8/20/2019 General Banking Act of 2000
282/915
to
an
# 'erson
'ar
tnershi'
ass
ociation
cor
'oration
8/20/2019 General Banking Act of 2000
283/915
or
oth
er
entit#
sha
ll
at
no
tie
e?cee
twent
# 'ercent
8/20/2019 General Banking Act of 2000
284/915
(20H)
of
the
net
w
orth
of
s*ch
bank.
The
bas
is
f or
e
8/20/2019 General Banking Act of 2000
285/915
terin
ing
co'lianc
e with
single
borrower
li
it
is
the
8/20/2019 General Banking Act of 2000
286/915
total
creit
coi
tent
of
the
bank
to
the
b
orrower.
8/20/2019 General Banking Act of 2000
287/915
.2
. 3nless
the
=onetar#
Boar
'rescribes
otherwise
8/20/2019 General Banking Act of 2000
288/915
the
total
ao*nt
of
loans
cre
it
accooa
tions
an
8/20/2019 General Banking Act of 2000
289/915
g*ara
ntees
'rescri
be
in
the
'r
eceing
'arag
ra'h
a#
8/20/2019 General Banking Act of 2000
290/915
be
inc
rease
b#
an
aitional
te
n 'ercent
(10
H)
of
the
8/20/2019 General Banking Act of 2000
291/915
net
w
orth
of
s*ch
bank
'ro&ie
the
aition
al
liabil
8/20/2019 General Banking Act of 2000
292/915
ities
of
an#
borrow
er
are
ae,*a
tel#
sec*re
b#
tr*st
8/20/2019 General Banking Act of 2000
293/915
recei'
ts
shi''ing
oc*ents
wa
reho*se
recei
'ts
or
oth
8/20/2019 General Banking Act of 2000
294/915
er
si
ilar
oc*ent
s transf errin
g or
sec*ring
title
co
8/20/2019 General Banking Act of 2000
295/915
&ering
reail#
ark
etable
non$'
erishable
goo
s
which
8/20/2019 General Banking Act of 2000
296/915
*st
be
f *ll#
co&ere
b#
ins*ranc
e.
..
The
abo&e
'r
8/20/2019 General Banking Act of 2000
297/915
escrib
e
ceilings
s
hall
incl*e
(a)
the
ire
ct
liabili
8/20/2019 General Banking Act of 2000
298/915
t#
of
the
aker
or
acce'tor
of
'
a'er
isco*nt
e
with
o
8/20/2019 General Banking Act of 2000
299/915
r
sol
to
s*ch
bank
an
the
liab
ilit#
of
a
ge
neral
en
8/20/2019 General Banking Act of 2000
300/915
orser
rawer
or
g*
arantor
who
o
btains
a
loan
or
other
8/20/2019 General Banking Act of 2000
301/915
8/20/2019 General Banking Act of 2000
302/915
sells
'a'ers
to
s*c
h bank4
(b)
i
n the
case
of
an
ini&
8/20/2019 General Banking Act of 2000
303/915
i*al
who
owns
or
c
ontrols
a
a
>
orit#
interes
t in
a
co
8/20/2019 General Banking Act of 2000
304/915
r'orat
ion
'artners
hi'
associat
ion
or
an#
ot
her
entit#
8/20/2019 General Banking Act of 2000
305/915
the
liabilities
o
f sai
entiti
es
to
s*ch
ba
nk4
(c)
i
8/20/2019 General Banking Act of 2000
306/915
n
the
case
of
a
cor
'oration
all
liabilities
to
s*ch
b
8/20/2019 General Banking Act of 2000
307/915
ank
of
all
s*bsiia
ries
in
which
s*ch
cor'ora
tion
owns
8/20/2019 General Banking Act of 2000
308/915
or
co
ntrols
a
a
>o
rit#
interest
4 an
()
in
the
case
8/20/2019 General Banking Act of 2000
309/915
of
a
'
artnershi'
a
ssociation
or
other
entit#
the
lia
8/20/2019 General Banking Act of 2000
310/915
biliti
es
of
the
e
bers
thereof
to
s*ch
bank.
.<.
8/20/2019 General Banking Act of 2000
311/915
&en
if
a
'arent
cor
'oration
'ar
tnershi'
ass
ociation
8/20/2019 General Banking Act of 2000
312/915
entit
# or
an
ini&
i*al
who
own
s or
controls
a
a
>ori
8/20/2019 General Banking Act of 2000
313/915
t#
int
erest
in
s*ch
entities
has
no
liabilit#
to
the
b
8/20/2019 General Banking Act of 2000
314/915
8/20/2019 General Banking Act of 2000
315/915
of
the
liabilities
of
s*bsiiar#
cor'orations
or
ebe
8/20/2019 General Banking Act of 2000
316/915
rs
of
the
'artnersh
i'
associati
on
entit#
or
s*ch
in
8/20/2019 General Banking Act of 2000
317/915
i&i*a
l *ner
certa
in
circ*stan
ces
incl*in
g b*t
not
8/20/2019 General Banking Act of 2000
318/915
liit
e
to
an#
of
the
f ollowin
g sit*ations
(a)
the
8/20/2019 General Banking Act of 2000
319/915
'aren
t cor'oration
'artnershi'
association
entit#
o
8/20/2019 General Banking Act of 2000
320/915
r
ini
&i*al
g*aran
tees
the
re'a
#ent
of
the
liabiliti
8/20/2019 General Banking Act of 2000
321/915
es4
(b
) the
liabili
ties
were
inc
*rre
f or
the
accoo
8/20/2019 General Banking Act of 2000
322/915
ation
of
the
'arent
cor'oration
or
another
s*
bsiiar#
8/20/2019 General Banking Act of 2000
323/915
or
of
the
'artnersh
i'
or
associa
tion
or
entit
# or
s*ch
8/20/2019 General Banking Act of 2000
324/915
ini&
i*al4
or
(c)
the
s*bsiia
ries
tho*gh
s
e'arate
e
8/20/2019 General Banking Act of 2000
325/915
ntitie
s o'erate
er
el#
as
e'art
ents
or
i&i
sions
of
8/20/2019 General Banking Act of 2000
326/915
a
sing
le
entit#.
..
Cor
'*r'
oses
of
this
Section
8/20/2019 General Banking Act of 2000
327/915
loans
other
creit
accooatio
ns
an
g*aran
tees
shall
8/20/2019 General Banking Act of 2000
328/915
e?cl*
e
(a)
loans
an
other
cr
eit
accoo
ations
se
8/20/2019 General Banking Act of 2000
329/915
c*re
b#
obligation
s of
the
Bang
ko
Sentral
or
of
the
8/20/2019 General Banking Act of 2000
330/915
hili''
ine
Go&ernen
t4
(b)
loans
an
other
cre
it
acco
8/20/2019 General Banking Act of 2000
331/915
oatio
ns
f *ll#
g*ar
antee
b#
the
go&ernent
a
s to
the
8/20/2019 General Banking Act of 2000
332/915
'a#en
t of
'rinci'a
l an
interes
t4
(c)
loans
an
other
8/20/2019 General Banking Act of 2000
333/915
crei
t accooati
ons
co&ere
b
# assignent
of
e'osi
8/20/2019 General Banking Act of 2000
334/915
ts
ai
ntaine
in
th
e lening
ban
k an
hel
in
the
hil
8/20/2019 General Banking Act of 2000
335/915
i''ine
s4
()
loans
creit
acco
oations
an
acce'tanc
8/20/2019 General Banking Act of 2000
336/915
es
*n
er
letters
of
creit
to
th
e e?tent
co&e
re
b#
a
8/20/2019 General Banking Act of 2000
337/915
rgin
e'osits4
an
(e)
other
loa
ns
or
creit
accooa
8/20/2019 General Banking Act of 2000
338/915
tions
which
the
=on
etar#
Boar
a#
f ro
tie
to
tie
8/20/2019 General Banking Act of 2000
339/915
s'ecif
# as
non$risk
ites.
.9
. Loans
an
o
ther
cre
8/20/2019 General Banking Act of 2000
340/915
it
acc
ooations
e'osits
ain
taine
with
an
*s*al
8/20/2019 General Banking Act of 2000
341/915
g*ara
ntees
b#
a
ba
nk
to
an#
oth
er
bank
or
no
n$bank
en
8/20/2019 General Banking Act of 2000
342/915
tit#
whether
local
l#
or
abroa
shall
be
s*b
>ect
to
t
8/20/2019 General Banking Act of 2000
343/915
he
li
its
as
herein
'rescribe.
.7.
ertain
t#'es
of
8/20/2019 General Banking Act of 2000
344/915
conti
ngent
acco*nt
s of
borrower
s a#
be
incl
*e
aon
8/20/2019 General Banking Act of 2000
345/915
g
thos
e s*b
>ect
to
these
'rescri
be
liits
as
a#
be
8/20/2019 General Banking Act of 2000
346/915
eteri
ne
b#
the
=o
netar#
Boar.
Sec. 9.5estrictiononBa
nk?'os*reto
8/20/2019 General Banking Act of 2000
347/915
irectors!
/cersStockholersan
Their5elate-nterests.$6oirectororo/
cerof an#ban
8/20/2019 General Banking Act of 2000
348/915
kshalli
rectl#orinirectl#forhiself orasthere'resentati&eoragentof other
sborrowfros
8/20/2019 General Banking Act of 2000
349/915
*chban
knorshallhebecoeag*arantorenorserors*ret#forloans
fros*chba
8/20/2019 General Banking Act of 2000
350/915
nktoother
sorinan#annerbeanobligororinc*ran#contract*alliabilit#toth
ebanke?ce't
8/20/2019 General Banking Act of 2000
351/915
withthewrit
tena''ro&alof thea>orit#of alltheirectorsof thebanke?cl*ingth
eirectorconc
8/20/2019 General Banking Act of 2000
352/915
ernero
&ie
Thats*chwrittena''ro&alshallnotbere,*ireforloans
othercreitacc
8/20/2019 General Banking Act of 2000
353/915
8/20/2019 General Banking Act of 2000
354/915
b#theBa
ngkoSentral.
There,*irea''ro&alshallbeentere*'onthe
recorsof theb
8/20/2019 General Banking Act of 2000
355/915
ankan
aco'#of s*chentr#shallbetransitteforthwithtothea''ro'r
iates*'er&isin
8/20/2019 General Banking Act of 2000
356/915
gane?
aininge'artentof theBangkoSentral.
ealingsof abank
withan#of itsi
8/20/2019 General Banking Act of 2000
357/915
rectorso/
cersorstockholersantheirrelateinterestsshallbe*'onter
snotlessfa&or
8/20/2019 General Banking Act of 2000
358/915
abletothe
bankthanthoseoE eretoothers.
Af ter*enoticetotheboarof
irectorsof theb
8/20/2019 General Banking Act of 2000
359/915
anktheo
/ceof an#bankirectororo/cerwho&iolatesthe'ro&isionsof this
Sectiona#b
8/20/2019 General Banking Act of 2000
360/915
eeclare
&acantantheirectororo/cershallbes*b>ecttothe'enal'ro
&isionsof the6
8/20/2019 General Banking Act of 2000
361/915
ewentra
lBankAct.
The=onetar#Boara#reg*latetheao*ntof loa
nscreitacco
8/20/2019 General Banking Act of 2000
362/915
oatio
nsang*aranteesthata#bee?teneirectl#orinirectl#b#
abanktoitsi
8/20/2019 General Banking Act of 2000
363/915
rectorso/
cersstockholersantheirrelateinterestsaswellasin&este
ntsof s*chba
8/20/2019 General Banking Act of 2000
364/915
nkinenter
'risesowneorcontrolleb#saiirectorso/cersstockholer
santheirrela
8/20/2019 General Banking Act of 2000
365/915
teinterest
s.Jowe&ertheo*tstaningloanscreitaccooationsan
g*aranteesw
8/20/2019 General Banking Act of 2000
366/915
hichaba
nka#e?tentoeachof itsstockholersirectorsoro/cersan
theirrelatein
8/20/2019 General Banking Act of 2000
367/915
terestssh
allbeliitetoanao*nte,*i&alenttotheirres'ecti&e*nenc
*beree'
8/20/2019 General Banking Act of 2000
368/915
ositsan
book&al*eof their'ai$inca'italcontrib*tioninthebankro&i
ehowe&er
8/20/2019 General Banking Act of 2000
369/915
Thatloan
screitaccooationsang*aranteessec*reb#assetsc
onsiereas
8/20/2019 General Banking Act of 2000
370/915
non$riskb
#the=onetar#Boarshallbee?cl*efros*chliitro&ie
f*rther
That
8/20/2019 General Banking Act of 2000
371/915
loanscre
itaccooationsana&ancestoo/cersintheforof fring
ebene+tsgra
8/20/2019 General Banking Act of 2000
372/915
nteinacc
orancewithr*lesasa#be'rescribeb#the=onetar#Boars
hallnotbes*
8/20/2019 General Banking Act of 2000
373/915
b>ecttothe
ini&i*alliit.
The=onetar#Boarshalle+netheter“relat
einterests.:
8/20/2019 General Banking Act of 2000
374/915
Theliit
onloanscreitaccooationsang*arantees'rescribeh
ereinshallnot
8/20/2019 General Banking Act of 2000
375/915
a''l#tolo
anscreitaccooationsang*aranteese?teneb#ac
oo'erati&eba
8/20/2019 General Banking Act of 2000
376/915
nktoitsc
oo'erati&eshareholers..
Sec. 7.Loansan!therreitAccoo
ationsAgain
8/20/2019 General Banking Act of 2000
377/915
st5ealst
ate.D?ce'tasthe=onetar#Boara#otherwise'rescribeloans
anothercrei
8/20/2019 General Banking Act of 2000
378/915
tacco
oationsagainstrealestateshallnote?ceese&ent#$+&e'erc
ent(7H)of the
8/20/2019 General Banking Act of 2000
379/915
a''raise
&al*eof theres'ecti&erealestatesec*rit#'l*ssi?t#'ercent(90
H)of thea''rai
8/20/2019 General Banking Act of 2000
380/915
se&al*
eof theins*rei'ro&eentsans*chloansa#beaeto
theownerof the
8/20/2019 General Banking Act of 2000
381/915
realestate
ortohisassignees.
Sec. ;.LoansAn!therreitAccooationso
nSec*rit#of
8/20/2019 General Banking Act of 2000
382/915
hattelsan
-ntangiblero'erties.$?ce'tasthe=onetar#Boara#otherwi
se'rescribelo
8/20/2019 General Banking Act of 2000
383/915
ansan
othercreitaccooationsonsec*rit#of chattelsanintangibl
e'ro'ertiess
8/20/2019 General Banking Act of 2000
384/915
*chasb
*tnotliiteto'atentstraearkstraenaesanco'#rig
htsshallnote
8/20/2019 General Banking Act of 2000
385/915
?ceese
&ent#$+&e'ercent(7H)of thea''raise&al*eof thesec*rit#a
ns*chloans
8/20/2019 General Banking Act of 2000
386/915
another
creitaccooationa#beaetothetitle$holerof thechatte
lsanintangibl
8/20/2019 General Banking Act of 2000
387/915
e'ro'erti
esorhisassignees.
Sec. 8.Grantan*r'oseof Loansan!therre
itAccoo
8/20/2019 General Banking Act of 2000
388/915
ations.$A
bankshallgrantloansanothercreitaccooationsonl#in
ao*ntsan
8/20/2019 General Banking Act of 2000
389/915
forthe'er
iosof tieessentialfortheeE ecti&eco'letionof theo'erations
tobe+nance
8/20/2019 General Banking Act of 2000
390/915
.S*chgr
antof loansanothercreitaccooationsshallbeconsiste
ntwithsaf ean
8/20/2019 General Banking Act of 2000
391/915
so*nb
anking'ractices.
The'*r'oseof allloansanothercreitacc
ooations
8/20/2019 General Banking Act of 2000
392/915
shallbe
stateinthea''licationaninthecontractbetweenthebankan
theborrower.-f
8/20/2019 General Banking Act of 2000
393/915
thebank
+nsthatthe'roceesof theloanorothercreitaccooationh
a&ebeene
8/20/2019 General Banking Act of 2000
394/915
'lo#ewi
tho*titsa''ro&alfor'*r'osesotherthanthoseagree*'on
withthebankit
8/20/2019 General Banking Act of 2000
395/915
shallha
ðerighttoterinatetheloanorothercreitaccooationan
eani
8/20/2019 General Banking Act of 2000
396/915
eiatere'
a#entof theobligation..
Sec.
8/20/2019 General Banking Act of 2000
397/915
oation
s.$Bef oregrantingaloanorothercreitaccooationabank*
stascertainthatth
8/20/2019 General Banking Act of 2000
398/915
eebtoris
ca'ableof f*l+llinghiscoitentstothebank.
Towarthisen
abanka#
8/20/2019 General Banking Act of 2000
399/915
eanfr
oitscreita''licantsastateentof theirassetsanliabilitiesa
nof theirinco
8/20/2019 General Banking Act of 2000
400/915
eane
?'enit*resans*chinforationasa#be'rescribeb#law
orb#r*lesan
8/20/2019 General Banking Act of 2000
401/915
reg*lation
sof the=onetar#Boartoenablethebankto'ro'erl#e&al*atethe
creita''licat
8/20/2019 General Banking Act of 2000
402/915
ionwhich
incl*esthecorres'oning+nancialstateentss*bittefor
ta?ation'*r'o
8/20/2019 General Banking Act of 2000
403/915
sestothe
B*rea*of -nternal5e&en*e.Sho*ls*chstateents'ro&etobe
falseorincorrect
8/20/2019 General Banking Act of 2000
404/915
inan#at
erialetailthebanka#terinatean#loanorothercreitacco
oationgrant
8/20/2019 General Banking Act of 2000
405/915
eonthe
basisof saistateentsanshallhaðerighttoeani
eiatere'a#
8/20/2019 General Banking Act of 2000
406/915
entorli,
*iationof theobligation.
-nfor*latingr*lesanreg*lations*ner
thisSectionthe
8/20/2019 General Banking Act of 2000
407/915
=onetar#
Boarshallrecogni%ethe'ec*liarcharacteristicsof icro+nan
cings*chas
8/20/2019 General Banking Act of 2000
408/915
cashKo
w$baseleningtothebasicsectorsthatarenotco&ereb#tra
itionalcollate
8/20/2019 General Banking Act of 2000
409/915
ral.
Sec.
8/20/2019 General Banking Act of 2000
410/915
#a*thori%
etoiss*es*chreg*lationsasita#eenecessar#withres'
ectto*nsec*r
8/20/2019 General Banking Act of 2000
411/915
eloans
orothercreitaccooationsthata#begranteb#banks.
Sec.
8/20/2019 General Banking Act of 2000
412/915
5e,*ire
entsforBankreits. $
The=onetar#Boara#b#reg*lation're
scribef*rthers
8/20/2019 General Banking Act of 2000
413/915
ec*rit#re
,*ireentstowhichthe&ario*st#'esof bankcreitsshallbes*
b>ectanina
8/20/2019 General Banking Act of 2000
414/915
ccoranc
ewiththea*thorit#grantetoitinSection109of the6ewentralBa
nkActtheBo
8/20/2019 General Banking Act of 2000
415/915
ara#b
#reg*lationre*cethea?i*ratiosestablisheinSections
9an7of this
8/20/2019 General Banking Act of 2000
416/915
Actorin
s'ecialcasesincreasethea?i*ratiosestablishetherein.
Sec.
8/20/2019 General Banking Act of 2000
417/915
rescribe
Tersanonitionsof Loansan!therreitAccooatio
ns.$
The=on
8/20/2019 General Banking Act of 2000
418/915
etar#Boar
a#siilarl#inaccorancewiththea*thorit#grantetoitinSectio
n109of the6e
8/20/2019 General Banking Act of 2000
419/915
wentral
BankActantakingintoacco*ntthere,*ireentsof theecono
#fortheeE ect
8/20/2019 General Banking Act of 2000
420/915
i&e*tili%at
ionof long$terf*ns'rescribetheat*ritiesaswellasrelateter
sanconi
8/20/2019 General Banking Act of 2000
421/915
tionsfor
&ario*st#'esof bankloansanothercreitaccooations.A
n#changeb
8/20/2019 General Banking Act of 2000
422/915
#theBoar
inthea?i*at*ritiesaswellasrelatetersanconitio
nsfor&ario*s
8/20/2019 General Banking Act of 2000
423/915
t#'esof b
ankloansanothercreitaccooations.An#changeb#th
eBoarinthe
8/20/2019 General Banking Act of 2000
424/915
a?i*
at*ritiesshalla''l#onl#toloansanothercreitaccooatio
nsaeaf ter
8/20/2019 General Banking Act of 2000
425/915
theateof
s*chaction.
The=onetar#Boarshallreg*latetheinteresti'
oseonicro
8/20/2019 General Banking Act of 2000
426/915
+nance
borrowersb#leningin&estorsansiilarlenerss*chasb*tn
otliitetoth
8/20/2019 General Banking Act of 2000
427/915
e*ncon
scionableratesof interestcollecteonsalar#loansansiilarcrei
taccooat
8/20/2019 General Banking Act of 2000
428/915
ions.
Sec.
8/20/2019 General Banking Act of 2000
429/915
e*leof b
ankloansanothercreitaccooationsshallbeaa'te
tothenat*reof th
8/20/2019 General Banking Act of 2000
430/915
eo'eratio
nstobe+nance.
-ncaseof loansanothercreitaccoo
ationswithat*r
8/20/2019 General Banking Act of 2000
431/915
itiesof or
ethan+&e()#ears'ro&isions*stbeaefor'erioicaorti
%ation'a#e
8/20/2019 General Banking Act of 2000
432/915
ntsb*ts*
ch'a#ents*stbeaeatleastann*all#ro&iehowe&
er
Thatwhen
8/20/2019 General Banking Act of 2000
433/915
theborrow
ef*nsaretobe*sefor'*r'oseswhichonotinitiall#'ro*
cere&en*es
8/20/2019 General Banking Act of 2000
434/915
ae,*at
eforreg*laraorti%ation'a#entstheref rothebanka#'er
ittheinitialaor
8/20/2019 General Banking Act of 2000
435/915
ti%ation'
a#enttobeef erre*ntils*chtieassaire&en*esares*/
cientfors*ch
8/20/2019 General Banking Act of 2000
436/915
'*r'ose
b*tinnocaseshalltheinitialaorti%ationatebelaterthan+&e
()#earsfro
8/20/2019 General Banking Act of 2000
437/915
theateo
nwhichtheloanorothercreitaccooationisgrante.
-ncase
of loansanot
8/20/2019 General Banking Act of 2000
438/915
hercreit
accooationstoicro+nancesectorsthesche*leof loana
orti%ationshal
8/20/2019 General Banking Act of 2000
439/915
ltakeinto
consierationthe'ro>ectecashKowof theborroweranao'tth
isintotheters
8/20/2019 General Banking Act of 2000
440/915
ancon
itionsfor*lateb#banks.
Sec.
8/20/2019 General Banking Act of 2000
441/915
oation
s.DAborrowera#atan#tie'riortotheagreeat*rit#ate're'
a#inwholeorin
8/20/2019 General Banking Act of 2000
442/915
'artthe*
n'aibalanceof an#bankloananothercreitaccooatio
ns*b>ecttos*
8/20/2019 General Banking Act of 2000
443/915
chreaso
nabletersanconitionsasa#beagree*'onbetwee
nthebankan
8/20/2019 General Banking Act of 2000
444/915
itsborro
wer.
Sec.
8/20/2019 General Banking Act of 2000
445/915
&ieince
nti&estobankswhichwitho*tgo&ernentg*aranteee?tenloan
sto+nancee
8/20/2019 General Banking Act of 2000
446/915
*cation
alinstit*tionscoo'erati&eshos'italsanothereicalser&ices
sociali%eorlo
8/20/2019 General Banking Act of 2000
447/915
w$costh
o*singlocalgo&ernent*nitsanotheracti&itieswithsocialcont
ent.
Sec.
8/20/2019 General Banking Act of 2000
448/915
os*reof 5
ealstate=ortgage.$-nthee&entof foreclos*rewhether
>*iciall#ore
?tra$
>*iciall#
8/20/2019 General Banking Act of 2000
449/915
of an#or
tgageonrealestatewhichissec*rit#foran#loanorothercreita
ccooation
8/20/2019 General Banking Act of 2000
450/915
granteth
eortgagororebtorwhosereal'ro'ert#hasbeensolforthef*ll
or'artial'a#
8/20/2019 General Banking Act of 2000
451/915
entof hiso
bligationshallhaðerightwithinone#earaf terthesaleof thereal
estatetoreee
8/20/2019 General Banking Act of 2000
452/915
the'ro'
ert#b#'a#ingtheao*nt*e*nertheortgageeewithintere
stthereonatrate
8/20/2019 General Banking Act of 2000
453/915
s'eci+e
intheortgageanallthecostsane?'ensesinc*rreb#th
ebankorinstit
8/20/2019 General Banking Act of 2000
454/915
*tionfro
thesaleanc*sto#of sai'ro'ert#lesstheincoeeriðeref
ro.Jowe&er
8/20/2019 General Banking Act of 2000
455/915
the'*rc
haseratthea*ctionsaleconcernewhetherina
>*icialore?tra$
>*
icialforeclos*r
8/20/2019 General Banking Act of 2000
456/915
eshallh
aðerighttoenter*'onantake'ossessionof s*ch'ro'ert#i
eiatel#af te
8/20/2019 General Banking Act of 2000
457/915
rtheate
of thecon+rationof thea*ctionsaleanainisterthesaeina
ccorancewith
8/20/2019 General Banking Act of 2000
458/915
law.An#'
etitioninco*rttoen>oinorrestrainthecon*ctof foreclos*re'rocee
ingsinstit*te
8/20/2019 General Banking Act of 2000
459/915
'*rs*a
nttothis'ro&isionshallbegi&en*eco*rseonl#*'onthe+ling
b#the'etition
8/20/2019 General Banking Act of 2000
460/915
erof abon
inanao*nt+?eb#theco*rtconitionethathewill'a#al
ltheaage
8/20/2019 General Banking Act of 2000
461/915
swhichth
ebanka#s*E erb#theen>oiningortherestraintof theforeclos*re
'roceeing.
8/20/2019 General Banking Act of 2000
462/915
6otwithsta
ningAct1
>*riical'ersonswhose'ro'ert#isbeingsol'
*rs*anttoane
8/20/2019 General Banking Act of 2000
463/915
?tra
>*icial
foreclos*reshallhaðerighttoreeethe'ro'ert#inaccoran
cewiththis'ro&i
8/20/2019 General Banking Act of 2000
464/915
sion*ntil
b*tnotaf tertheregistrationof thecerti+cateof foreclos*resalewithth
ea''licable5
8/20/2019 General Banking Act of 2000
465/915
egisterof
eeswhichinnocaseshallbeorethanthree()onthsaf ter
foreclos*rewhi
8/20/2019 General Banking Act of 2000
466/915
che&eris
earlier.!wnersof 'ro'ert#thathasbeensolinaforeclos*resale
'riortotheeE e
8/20/2019 General Banking Act of 2000
467/915
cti&it#of th
isActshallretaintheirree'tionrights*ntiltheire?'iration.
Sec.
8/20/2019 General Banking Act of 2000
468/915
nsionof L
oansan!therreitAccooations.D
The=onetar#Boar
a#b#reg*latio
8/20/2019 General Banking Act of 2000
469/915
n'rescrib
etheconitionsanliitations*nerwhichabanka#grant
e?tensionsor
8/20/2019 General Banking Act of 2000
470/915
renewals
of itsloansanothercreitaccooations.
Sec.
8/20/2019 General Banking Act of 2000
471/915
e$!E s.$Al
lebts*etoan#bankonwhichinterestis'ast*ean*n'ai
fors*ch'er
8/20/2019 General Banking Act of 2000
472/915
ioasa
#beeterineb#the=onetar#Boar*nlessthesaearewelt$s
ec*reanin
8/20/2019 General Banking Act of 2000
473/915
the'roce
ssof collectionshallbeconsierebaebtswithintheeaning
of thisSection.
8/20/2019 General Banking Act of 2000
474/915
The=on
etar#Boara#+?b#reg*lationorb#orerinas'eci+ccasethe
ao*ntof reser
8/20/2019 General Banking Act of 2000
475/915
&esforb
aebtsoro*btf*lacco*ntsorothercontingencies.IritingoE of
loansothercre
8/20/2019 General Banking Act of 2000
476/915
itacco
oationsa&ancesanotherassetsshallbes*b>ecttoreg*l
ationsiss*e
8/20/2019 General Banking Act of 2000
477/915
b#the=o
netar#Boar.
Sec. 0.=a>or-n&estents.$Corthe'*r'oseorenhancin
gbanks*'er
8/20/2019 General Banking Act of 2000
478/915
&isionthe
=onetar#Boarshallestablishcriteriaforre&iewinga>orac,*isi
tionsof in&est
8/20/2019 General Banking Act of 2000
479/915
entsb#
abankincl*ingcor'oratea/liationsorstr*ct*resthata#e?'o
sethebankto
8/20/2019 General Banking Act of 2000
480/915
*n*eri
sksorinan#wa#hinereE ecti&es*'er&ision.
Sec. 1.eilingon-n&e
stentsinerta
8/20/2019 General Banking Act of 2000
481/915
inAssets.D
An#banka#ac,*irerealestateasshallbenecessar#forits
own*seinthe
8/20/2019 General Banking Act of 2000
482/915
con*ct
of itsb*sinessro&iehowe&er
Thatthetotalin&estentins
*chrealestate
8/20/2019 General Banking Act of 2000
483/915
ani'r
o&eentsthereof incl*ingbanke,*i'entshallnote?cee
+f t#'ercent(0
8/20/2019 General Banking Act of 2000
484/915
H)of co
bineca'italacco*ntsro&ief*rther
Thatthee,*it#in&est
entof�