Regulatory Alerts2026-01-20
Added
BRPD-1 Circular No. 03: Loan/Investment Rescheduling/Restructuring of Shipbuilding Industry
This circular extends the deadline for rescheduling loans for the shipbuilding industry to June 30, 2026, and allows banks to grant rescheduling with a maximum tenor of 10 years including a grace period. It mandates a 3% down payment for existing classified loans, with 1.5% due with the application and the remaining 1.5% within six months. Banks must conduct special due diligence to verify genuine distress caused by factors beyond the borrower's control and are prohibited from rescheduling loans obtained through fraud or willful default.
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