Regulatory Alerts2025-01-30
M-2025-003: Regulatory Relief Measures for Banks Affected by Tropical Storm Kristine and Super Typhoons Leon, Ofel, and Pepito
Bangko Sentral ng Pilipinas issued Memorandum No. M-2025-003 to grant enhanced regulatory relief measures to banks serving areas devastated by Tropical Storm Kristine and Super Typhoons Leon, Ofel, and Pepito. The directive permits eligible banks to grant temporary grace periods of up to six months for affected borrowers, excluding these loans from past due and non-performing loan ratio computations while waiving penalties for legal reserve deficiencies. Banks must notify the central bank of their intent to avail these measures and submit supplemental financial reporting to regularize financial assistance provided to officers and track the relief implementation.
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