2003-07-17 Annual supervision fees for the assessable year 2002

CIRCULAR LETTER
Series of 2003


TO : All Universal Banks, Commercial Banks, Thrift Banks, Non-Bank Financial Institutions performing Quasi-Banking Functions and Non-Stock Savings and Loan Associations

The Monetary Board decided to impose annual supervision fees for the assessable year 2002 for banks and non-banks, as follows:
a. EKBs/KBs - 1/28 of 1% of average assessable assets for 2002

b. TBs - 1/28 of 1% of average assessable assets for 2002

c. NBQBs - 1/28 of 1% of average assessable assets for 2002

d. NSSLAs - 1/40 of 1% of average assessable assets for 2002 or P100,000 whichever is lower


Please be guided accordingly.



ALBERTO V. REYES
Deputy Governor


17 July 2003





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