The Bangko Sentral ng PIlipinas’ Monetary Board may authorize the establishment of a bank or quasi-bank subject to the following conditions, except one   Entity is a non-stock corporation   Minimum capital requirements prescribed by the Monetary Board are met   The funds should be obtained to more than twenty persons   Bangko Sentral ng PIlipinas have the authority to examine the banks or quasi-banks

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The Bangko Sentral ng PIlipinas’ Monetary Board may authorize the establishment of a bank or quasi-bank subject to the following conditions, except one
 
Entity is a non-stock corporation
 
Minimum capital requirements prescribed by the Monetary Board are met
 
The funds should be obtained to more than twenty persons
 
Bangko Sentral ng PIlipinas have the authority to examine the banks or quasi-banks
 
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