corporation in a bank may only own (a)   of the bank, except:

§A corporation whose shares are listed in the stock exchange (public-listed entities) can own up to (a)   of the bank.

If the corporation is in existence for 10 years, it can own up to _____ of the bank. The privilege can only be exercised ____.

(a)  

law that mandates the monetary board may authorize foreign banks to operate in the Philippines.

(a)  

Primarily governed by the General Banking Law

(a)  

They can exercise the powers of an investment house and invest in non-allied enterprises and have the highest capitalization. Non-allied transaction shall not exceed 25% of the investee.

(a)  

Ordinary banks governed by the General Banking Law which have a lower capitalization requirement than universal banks and can neither exercise the powers of an investment house not invest in non-allied enterprises.

(a)  

It also has powers necessary to carry out on the business of commercial banking, however, it may not invest in non-allied undertakings.

(a)  

those activities or entities which enhance or complement banking.

(a)  

These are: a.Savings and mortgage banks b.Stock savings and loan associations c.Private development banks

(a)  

Thrift bank is governed by the law

(a)  

Can only be stockholder in allied undertakings.

(a)  

not to exceed 50% of the bank’s net worth

(a)  

not to exceed 35% of bank’s net worth

(a)  

All banks shall not invest on single equity more than (a)   of bank’s net worth.

are entities engaged in the borrowing of funds through the issuance, endorsement or assignment with recourse or acceptance of deposit substitutes for purposes of relending or purchasing of receivables and other obligationsa

(a)  

banks that do not accept deposits.

(a)  

are entities engaged in trust business that act as a trustee or administer any trust or hold property in trust or on deposit for the use, benefit, or behalf of others

(a)  

These are mandated to make needed credit available and readily accessible in the rural areas on reasonable terms.

(a)  

Banks whose majority shares are owned and controlled by cooperatives primarily to provide financial and credit services to cooperatives.  It shall include cooperative rural bank

(a)  

Banks whose business dealings and activities are subject to the basic principles and rulings of Islamic Shari’ a, such as the Al Amanah Islamic Investment Bank of the Philippines.

(a)  

A finance company that lends to high-risk customers

(a)  

Subprime lenders that charge unfairly exorbitant rates to desperate, subprime borrowers

(a)  

means the amount due to any depositor for legitimate deposits in an insured bank net of any obligation of the depositor to the insured bank as of the date of closure, but not to exceed Php 500,000 or its equivalent in foreign currency

(a)