“Artwork. a hundred. Good collaborative bank should mainly offer financial, financial and you will borrowing from the bank attributes in order to cooperative communities in addition to their participants. However, the BSP can get prescribe appropriate guidance, ceilings and you may conditions into the credit of a beneficial collaborative business regarding an effective collaborative financial.
Financial support Criteria out-of Cooperative Finance companies
“The fresh efforts and functions off an excellent cooperative bank shall be topic to help you for example rules since the may be promulgated from the BSP.