RA 265 Section 40

Computation of profits and losses.

Section 40

SEC. 40. Computation of profits and losses.—Within the first thirty days following the end of each fiscal year, the Central Bank shall determine its net profits or losses. In the calculation of net profits, the Bank shall make adequate allowance or establish adequate reserves for bad and doubtful accounts.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I.—Establishment and Organization the Central Bank of the Philippines →

Other provisions in CHAPTER I.—Establishment and Organization the Central Bank of the Philippines

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 2026-07-04

CitationRA 265 Section 40 (LawPlayer, data as of 2026-07-04)

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

What to look at next

RA 265, full textChapter navigation and full text, so you can read this section in contextLegislation of this jurisdiction Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER I.—Establishment and Organization the Central Bank of the Philippines: the chapter this section belongs toRead this section in its chapter, with the neighbouring sections in orderChapters and sections