Section 3
SEC. 3. The same Act is further amended by adding the following section immediately after Section seven thereof, the new section to read as follows: "SEC. 7-A. 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 m 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 not a financial intermediary; and (4) the equity investment in other banks, if allowed by the Monetary Board, shall be subject to the same limitations imposed on 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 same may be subject to examination by the Central Bank."