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