Microsoft Office 2007 PH Banks Affected by Landsli

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The Bangko Sentral ng Pilipinas (BSP) is granting regulatory and rediscounting relief measures to thrift,Microsoft Office 2007, rural, and cooperative banking institutions to enable them to equally assist and ease the economic burden of financial institution customers adversely impacted by landslides and flooding which devastated a number of areas from the nation starting 29 December 2010.
Eligible for your relief measures are people in the subsequent locations identified through the Nationwide Catastrophe Threat Reduction and Management Council on thirteen January 2011: Area IV-B: Palawan; Area V: Albay, Sorsogon, Camarines Sur, and Catanduanes; Area VI: Negros Occidental; Area VII: Cebu, Bohol, Negros Oriental, and Siquijor; Region VIII: Southern Leyte,Office Pro Plus 2007, Eastern Samar, Western Samar,Office Standard, Northern Samar, and Leyte; Area X: Lanao del Norte and Misamis Occidental; Area XI: Compostela Valley, Davao del Norte, Davao del Sur, and Davao Oriental; Region XII: South Cotabato; CARAGA: Surigao del Norte, Surigao del Sur,Office 2010 Home And Student, Agusan del Norte, and Agusan del Sur; and Autonomous Region of Muslim Mindanao: Maguindanao.
Similar relief actions had been prolonged through the BSP to thrift and rural/cooperative banks in provinces which were hit by earlier typhoons including Cosme, Frank,Cheap Office 2007, Ondoy, Pepeng, and Juan.
As accepted final twenty January 2011 by the Monetary Board, the BSP’s policy-making body, the temporary relief actions include:
1. Excluding existing loans of borrowers in affected regions from the computation of past due ratios provided these are restructured or given relief;
2. Reducing the 5% general loan loss provision to 1% for restructured loans of borrowers inside the impacted areas;
3. Non-imposition of penalties on legal reserves deficiencies with head office and/or branches  inside the affected locations;
4. Moratorium on monthly payments due to BSP for banking institutions with ongoing rehabilitation programs;
5. Subject to BSP approval, booking of allowance for probable losses on a staggered basis over maximum of five years for all types of credit prolonged to individual and businesses directly affected by landslides/flooding;
6. Non-imposition of financial penalties for delays from the submission of supervisory reports;
7. Allowing banking institutions to provide economic assistance to their officers and employees who ended up affected through the calamity including individuals assistance that may not be within the scope from the existing BSP-approved Fringe Benefit Program;
8. Granting of a 60-day grace period to settle the outstanding rediscounting obligations as of 29 December 2010 with the BSP of all rediscounting banking institutions in the affected places; and
9. Allowing banks to restructure with the BSP, on a case-to-case basis, the outstanding rediscounted loans of borrowers affected from the calamity.
These measures will be in effect for a defined period and covered by additional specific and other prudential conditions.