Head Office Guarantee.
Section 5
Sec. 5. Head Office Guarantee. — The head office of foreign bank branches shall guarantee prompt payment of all liabilities of its Philippine branches.
RA 7721 Section 5
Other provisions in RA 7721
- Section 1: Declaration of Policy.
- Section 2: Modes of Entry.
- Section 3: Guidelines for Approval.
- Section 4: Capital Requirements.
- Section 6: Entrants under Section 2(iii).
- Section 7: Board of Directors.
- Section 8: Equal Treatment.
- Section 9: Development Loans Incentives.
- Section 10: Transitory Provisions.
- Section 11: Separability Clause.
CitationRA 7721 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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