2003

  • Staggered booking of losses arising from the discounted sale of NPAs to an SPV
  • Sales of ROPOA covered by SCRs excluded from automatic classification as NPAs
  • Passage of RA No. 9238, exempting FIs’ transactions from VAT and reverting banks to GRT
  • Accreditation of qualified TBs as collection agents for the BIR
  • 12-point accreditation program for wholesale lending programs of various GFIs