Republic Acts1 min read
Section 18October 21, 1997, Sec./Art. 18
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Limitations on investment. – a) No Association at any one time shall invest in bonds and securities in a total amount in excess of ten percent (10%) of the total assets of such Association without prior written approval of the Bangko Sentral.
b) No Association at any one time shall invest in real property in a total amount in excess of five percent (5%) of the total assets of such Association.
c) No Association at any one time shall invest in furniture, fixture, furnishings and equipment and leasehold improvements for its offices, in an amount more than ten percent (10%) of its total capital contribution.
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