Republic Acts1 min read
Section 7Sec./Art. 7
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Loans, Investments, and Liabilities. The Veterans Bank is hereby authorized:
(a) To grant loans, advances, or other credit accommodations for the establishment, rehabilitation, expansion, or development of any agricultural, commercial or industrial enterprise, or personal service, including public utilities, in accordance with Republic Act No. 8791, the BSP rules and regulations, and under such terms as may be prescribed by the Board of Directors and that preference be given to applicants who are veterans as defined under Section 6(a) hereof, subject to pertinent BSP rules and regulations;
(b) To invest in stocks and other investments instruments subject to Republic Act No. 8791 and the BSP rules and regulations; and
(c) To issue bonds and other certificates of indebtedness subject to Republic Act No. 8791 and the BSP rules and regulations.
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