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Philippines: Foreign individuals or entities authorised to possess up to 60% in rural banks in the country

Description

As of 8 June 2013, foreign individuals or entities are allowed to own up to 60 per cent of the equity of a rural banks in the country. Previously, foreign banks, but not foreign individuals or entitie...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

08 Jun 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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