Bank Accreditation Application for Rural and Thrift Banks

Eligibility and Documentary Requirements:

Requirements	Documents to be Submitted
CAMELS Rating should be at least "3.0"	Latest report of BSP bank examination
Compliance with the 10% max. ratio of DOSRI past due loans	Copy of quarterly report submitted to BSP
No loan arrears with LBP and BSP, Quedancor, PBSP, SBGFC, PhilExim, DBP and SSS. Not suspended with BSP and LBP rediscounting.	Credit investigation report by GFI Credit and Appraisal Management Unit or Dept.
Past due loans and items in litigation is not in excess of the industry average plus 2% but not to exceed 25% (based on latest quarterly report of BSP). Banks with past due rates of in excess of industry average plus 2% but not more than 25% are given 5 years transition period to comply with the standard.	Copy of the Consolidated Statement of Condition and Income & Expense as submitted to BSP
Not deficient in loan-loss provisions / reserves	Certification from Bangko Sentral ng Pilipinas
Ratio of acquired assets to total assets is not more than industry average plus 2% but not to exceed 15%. Banks with ratio of acquired assets to total assets in excess of industry average plus 2% but not more than 15% are given 5 years transition period to comply with the standard.	Copy of the latest computation of the risk-based capital adequacy ratio cover for credit risk per BSP Circular No. 280
Positive results of operations in the last preceding calendar year	Copy of latest interim financial statements as submitted to BSP
Not deficient in bank reserves for the last six months preceding the filing of application	Copy of weekly report submitted to BSP or BSP Certification
Ratio of accrued interest receivables to surplus (free) plus undivided profits is less than 100%	Copy of latest interim financial statements as submitted to BSP
The bank is owned and managed by the same persons (key officers) at least for the last two years	Applicant's records
No derogatory information gathered on the officers and directors of the bank	GFI Credit and Appraisal Management Unit or Dept.
Compliance to BSP Circular 283 (May 17, 2001) on Corporate Governance	Applicant's reply to questionnaire on comparison of BSP mandated practices with actual practices

*For SSS, whose charter requires that the institution must be in good standing with SSS and must be profitable in past three years, these requirements become automatic in addition to the above list of requirements.

For more information, log on to the SB Corporation Website.