Section 36Sec./Art. 36

A new section entitled Section 89-B is hereby included in the same Act to read as follows:

"Sec. 89-B. Loans to the Philippine Deposit Insurance Corporation (PDIC). - The Bangko Sentral, pursuant to its mandate of maintaining financial stability, may lend funds to the PDIC for insurance purposes and in cases of financial assistance that the latter is authorized to extend under Section 22(e) of Republic Act No. 3591, as amended. Notwithstanding Section 23 of Republic Act No. 3591, as amended, the Monetary Board shall prescribe interest rates and such other terms and conditions of the loan."