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BP 63 Section 5

BP 63 Section 5

Section 5

SEC. 5. Section 7-A of the same Act is hereby renumbered as Section 7 and amended to read as follows: "SEC. 7. Any private development bank may invest in equities of such allied undertakings as may be approved by the Central Bank for banks of their category as provided in Section 6-A of Republic Act No. 337, as amended: Provided, however, That (1) the total investment in equities shall not exceed twenty-five percent (25%) of the net worth of the private development bank; (2) the equity investment in any single enterprise shall be limited to fifteen percent (15%) of the net worth of the private development bank; (3) the total equity investment of the private development bank in any single enterprise shall remain a minority holding in that enterprise except where the enterprise is a non-financial allied undertaking; and (4) the equity investment in other banks shall be subject to the same provisions governing similar investments of commercial banks and shall be deducted from the investing bank's net worth for purposes of computing the prescribed ratio of net worth to risk assets: Provided, further, That equity investments shall not be permitted in non-related activities: Provided, finally, That where the allied undertaking is a wholly- or majority-owned subsidiary of the development bank, the Central Bank may subject it to examination."

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Other provisions in BP 63

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationBP 63 Section 5 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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