Appendix 107

BANGKO SENTRAL ISSUANCES ON MINIMUM CAPITALIZATION OF BANKS
(Appendix to Sec. 121)

Bank Classification Circular No. 156
19 March 1998 (end-1999)
Minimum Capital for All Banks
Circular No. 257
15 August 2000
Minimum Capital for All Banks
Circular No. 696
29 October 2010
Minimum Capital for RBs
Circular No. 715
4 March 2011

Minimum Capital for TBs

Universal Banks 4.95 billion 4.95 billion 4.95 billion 4.95 billion
Commercial Banks 2.40 billion 2.40 billion 2.40 billion 2.40 billion
Rural Banks (Existing)
Within Metro Manila 26.00 million 26.00 million 26.00 million 26.00 million
Cities of Cebu and Davao 13.00 million 13.00 million 13.00 million 13.00 million
1st/2nd/3rd class cities & 1st class municipalities 6.50 million 6.50 million 6.50 million 6.50 million
4th/5th/6th class cities & 2nd/3rd/4th class municipalities 3.90 million 3.90 million 3.90 million 3.90 million
5th and 6th class municipalities 2.60 million 2.60 million 2.60 million 2.60 million
Rural Banks (New Entrants and under certain conditions)12
Within Metro Manila 32.00 million 26.00 million 100.00 million 100.00 million
Cities of Cebu and Davao 16.00 million 13.00 million 50.00 million 50.00 million
All Other Cities 25.00 million 25.00 million
1st/2nd/3rd class cities & 1st class municipalities 8.00 million 6.50 million
1st to 4th class municipalities 10.00 million 10.00 million
4th/5th/6th class cities & 2nd/3rd/4th class municipalities 4.80 million 3.90 million
5th and 6th class municipalities 3.20 million 2.60 million 5.00 million 5.00 million
Thrift Banks (Existing) with head office in:
Metro Manila 325.00 million 325.00 million 325.00 million 325.00 million
Outside Metro Manila 52.00 million 52.00 million 52.00 million 52.00 million
Thrift Banks (New Entrants and under certain conditions)3
Metro Manila 400.00 million 325.00 million 325.00 million 1.00 billion
Cities of Cebu and Davao 500.00 million
Outside Metro Manila 64.00 million 52.00 million 52.00 million 250.00 million
Cooperative Banks 10.00 million 10.00 million

Footnotes

  1. Circular No. 156 – Applicable to new bank entry
  2. Circular No. 257 – Applicable to new bank entry
  3. Circular Nos. 696 and 715 – Applicable (a) upon establishment of a new bank, (b) upon conversion of an existing bank from a lower to a higher category bank and vice versa, (c) upon relocation of the head office of a TB/RB in an area of higher classification, and (d) when majority of an RB’s total assets and/or majority of its total deposit liabilities are regularly accounted for by branches locates in areas of higher classification. The minimum capital shall also be required for the grant of the following special banking functions: (i) quasi-banking functions for TBs (ii) trust and other fiduciary business for U/KBs and TBs (iii) limited trust for TBs and RBs/Coop Banks (iv) FCDU/EFCDU (v) issuance of foreign LCs for TBs (vi) acceptance of demand deposit and NOW accounts for TBs and RBs/Coop banks, and (vii) acting as third party securities custodian/registry.