Regulatory Alerts2024-03-26
Collection of the Annual Supervision Fees for the Year 2024
The Bangko Sentral ng Pilipinas issued guidelines governing the computation and collection of the 2024 Annual Supervision Fee for all banks and non-banks with quasi-banking functions. The fee is calculated based on the preceding year's Average Assessable Assets multiplied by institution-specific rates, with provisions for adjustments due to mergers, consolidations, or classification changes. Institutions must pay the assessed amount by May 31, 2024, and may claim a regulatory incentive reduction if they adopt the Standard Business Loan Application Form.
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