BSP Circular No. 779 Series 2013 - Amendment to the Regulations on Single Borrower's Limit
Issued on 09 January 2013, the Monetary Board decided to extend for another three (3) years the original three (3)-year period allowing a separate single borrower’s loan (SBL) limit of 25% of the net worth of the lending bank/quasi-bank for loans, credit accommodations and guarantees granted for undertaking infrastructure and/or development projects under the Public-Private Partnership (PPP) Program.
The extension of another three (3) years for the separate 25% SBL for PPP infrastructure and/or development projects is expected to encourage the financial sector’s participation in the PPP Program of the government, particularly with respect to the projects.