Professional Documents
Culture Documents
ATTY. ALEXANDER C.
DY
FIRST SEMESTER, SY 2009-2010
2009
FRIDAY, 19 JUNE
I. GENERAL CONCEPTS
A. CONCEPT OF BANKING
1. Definition Sec. 3.1, GBL2
2. Elements Republic v. Security Credit and Acceptance Corporation,
19 SCRA 58 (1967); Central Bank v. Morfe, 20 SCRA 507 (1967); Baas
v. Asia Pacific Finance Corporation, 343 SCRA 527 (2000)
a. Engaged in lending of funds
b. Obtained in the form of deposits
c. From the public, which shall mean 20 or more persons Sec. 8.2, GBL
The Outline presents the manner by which Banking Law I will be taken up in class. The
x's and those footnoted in the Outline represent cases or topics which need no extended
discussions, either because the essence of the rulings are already summarized in the
Outline or they contain similar rulings or doctrines as other cases to be discussed.
2
Republic Act No. 8791 (General Banking Law of 2000), which repealed Republic Act No. 337
(General Banking Act)
3
Manual for Regulation of Banks
4
Republic Act No. 7653 (New Central Bank Act), which repealed Republic Act No. 265 (Central
Bank Act)
5
Presidential Decree No. 129, as amended
2
2. Financing Companies xSec. 3(a), Financing Company Act6
3. Investment Companies xSec. 4, Investment Company Act7
4. Non-Stock Savings and Loans Associations xSec. 3, Revised NonStock Savings and Loans Association Act of 1997 8
5. Cooperatives xArt. 3, Cooperative Code9; But See xArt. 100,
Cooperative Code
6. Insurance Companies xSec. 2, Insurance Code10
(i)
(ii)
3
SCRA 446 (2001); Philippine National Bank v. Pike, 470 SCRA
328 (2005)
(iii) To be mortgagees in good faith 16 Cruz v. Bancom Finance
Corporation, 379 SCRA 490 (2002)
(iv) In the custody of documents; integrity of records 17 Heirs of
Eduardo Manlapat v. Court of Appeals, 459 SCRA 412 (2005)
(v)
(ii)
E. AUTHORITY TO OPERATE
1. Incorporation Secs. 17 and 46, Corporation Code; Sec. 14, GBL
2. Operation Sec. 6, GBL
a. Authority required Sec. 6, par. 1, GBL
b. MB18 determination Sec. 6, par. 2, GBL
c. Unauthorized advertisement/ business representation Sec. 64, GBL
d. Change in name xP.C. Javier & Sons, Inc. v. Court of Appeals, 462
SCRA 36 (2005)
e. Sanctions for operating without authority Sec. 6, par. 4, in rel. to
Sec. 66, GBL; Republic v. Security Credit and Acceptance
16
Development Bank of the Philippines v. Court of Appeals, 331 SCRA 267 (2000); Canlas v.
Court of Appeals, 326 SCRA 425 (2000); Premiere Development Bank v. Court of Appeals, 453
SCRA 630 (2005); Private Development Corporation of the Philippines v. Court of Appeals, 475
SCRA 591 (2005); Citibank, N.A. v. Cabamongan, 488 SCRA 517 (2006); Metropolitan Bank and
Trust Company, Inc. v. SLGT Holdings, Inc., 536 SCRA 517 (2007); Omengan v. Philippine
National Bank, 512 SCRA 305 (2007)
17
See Also United Coconut Planters Bank v. Basco, 437 SCRA 325 (2004)
18
Monetary Board
4
Corporation, 19 SCRA 58 (1967); Central Bank v. Morfe, 20 SCRA
507 (1967); xPerez v. Monetary Board, 20 SCRA 502 (1957)
(iI)
Rules and Regulations to Implement the Provisions of Presidential Decree No. 129
5
(iv)
(i)
(ii)
(iii)
(iv)
20
6
(i)
1. Governing Law Sec. 71, pars. 1 and 3, GBL; Art. 99, Cooperative
Code
a. Organization, ownership, capital requirements, powers, supervision,
and general conduct of business xArts. 99 to 109, Cooperative Code
b. Other matters: GBL of suppletory application
7
a. Organization, ownership, capital requirements, powers, supervision,
and general conduct of business xIslamic Bank Charter22
2. Purpose Sec. 3, Islamic Bank Charter
3. Powers Sec. 6, Islamic Bank Charter; xSec. X101(b)(6), MRB
H. FOREIGN BANKS
1. Entry of Foreign Banks
a. Modes of entry Sec. 2, Foreign Banks Liberalization Act 28
(i)
(ii)
22
Republic Act No. 6848 (Charter of Al Amanah Islamic Development Bank of the Philippines)
Republic Act No. 3844
24
Executive Order No. 81, Series of 1986
25
Republic Act No. 3518
26
Republic Act No. 7169
27
Executive Order No. 80 Series of 1986
28
Republic Act No. 7221
23
8
d. Control of 70% of resources or assets of entire banking system must
be held by banks which are at least majority-owned by Filipinos Sec.
73, par. 3, GBL; Sec. 3, par. 3, Foreign Banks Liberalization Act
e. Equal treatment of local banks Sec. 73, par. 4, GBL; Sec. 8,
Foreign Banks Liberalization Act
2. Rules on Acquisition of Voting Stock in Existing Domestic Bank
a. May own up to 60% voting stock of only 1 domestic bank Sec. 2,
Foreign Banks Liberalization Act
b. Within 7 years from GBL effectivity, MB may authorize foreign bank:
(i) To acquire up to 100% of voting stock of only 1 domestic bank
Sec. 73, par. 1, GBL
(ii) Which acquired up to 60% of voting stock under the Foreign Banks
Liberalization Act and Thrift Banks Act, to further acquire up to
100% voting stock thereof Sec. 73, par. 2, GBL
c. MB shall secure the listing in the PSE 29 of shares of stocks of banks
established under this mode of entry Sec. 3, par. 3, Foreign Banks
Liberalization Act
d. License to do business not required: Equity investment is not deemed
doing business Sec. 3(d), Foreign Investments Act of 199130
3. Rules on Acquisition of Voting Stock in New Domestic Bank
a. May own up to 60% of the voting stock of only 1 new banking
subsidiary Sec. 2, Foreign Banks Liberalization Act
b. Must be among top 150 foreign banks in the world or top 5 in their
country of origin as of application date Sec. 3, par. 2, Foreign
Banks Liberalization Act
c. MB shall secure the listing in the PSE of shares of stocks of banks
established under this mode of entry Sec. 3, par. 3, Foreign Banks
Liberalization Act
d. Must be widely-owned and publicly-listed in its country of origin, unless
applicant is owned by government thereof Sec. 3, par. 4, Foreign
Banks Liberalization Act
e. Capitalization Sec. 4(i), Foreign Banks Liberalization Act
f. License to do business not required: Equity investment is not deemed
doing business Sec. 3(d), Foreign Investments Act of 1991
4. Rules on Establishing Branches
a. Governing Laws
29
30
9
(i)
(ii)
31
10
B. KINDS OF DEPOSIT
1. Demand Deposits Secs. 58-60, NCBA; xSecs. X201 to X204, MRB
a. For UB and KB Sec. 33, GBL
b. For TB Sec. 10(b), Thrift Banks Act
32
San Carlos Milling Co., Ltd. v. Bank of the Philippine Islands, 59 Phil. 59 (1933); Hilado v. De la
Costa, 83 Phil. 471 (1949); People v. Ong, 204 SCRA 942 (1991); Moran v. Court of Appeals, 230
SCRA 799 (1994); Consolidated Bank and Trust Corporation v. Court of Appeals, 410 SCRA 562
(2003)
33
Serrano v. Central Bank, 96 SCRA 96 (1980); People v. Puig, 563 SCRA 564 (2008).
34
Simex International (Manila), Inc. v. Court of Appeals, 183 SCRA 360 (1990); Go v.
Intermediate Appellate Court, 197 SCRA 22 (1991); Bank of the Philippine Islands v. Intermediate
Appellate Court, 206 SCRA 408 (1992); Philippine Bank of Commerce v. Court of Appeals, 269
SCRA 695 (1997); Bank of the Philippine Islands v. Court of Appeals, 326 SCRA 641 (2000);
Firestone Tire & Rubber Company of the Philippines v. Court of Appeals, 353 SCRA 601 (2001)
11
c. For RB/Coop Bank Sec. 12(b), Rural Banks Act; xSubsec. X201.1,
MRB
d. For Islamic Banks Sec. 6, par. (7)(a), Islamic Bank Charter
2. Savings Deposits xSec. X213 and X214, MRB; International
Exchange Bank v. Commissioner of Internal Revenue, 520 SCRA 688
(2007)
3. Negotiable Order of Withdrawal (NOW) Accounts xSecs. X223 to
X226, MRB; People v. Reyes, 454 SCRA 635 (2005)
4. Time Deposits xSecs. X231, MRB; BPI Family Savings Bank v. First
Metro Investment Corporation, 429 SCRA 30 (2004)
5. Foreign Currency Deposits Secs. 2 and 3, FCDA35
6. Money Market Placements? Allied Banking Corporation v. Lim Sio
Wan, 549 SCRA 504 (2008)
C. CAPACITY OF DEPOSITORS
1. Minors Sec. 1, Presidential Decree No. 734; Sec. 22, Thrift Banks
Act
2. Married Women Sec. 5, Republic Act No. 7192
3. Corporations: Through signatories designated by Board of Directors
Sec. 23, Corporation Code
4. Bank Officers and Employees: Prohibited from maintaining demand
deposits or current accounts in banking office where they are assigned
xSec. X204, MRB
12
1. Deposit of Funds
a. Delivery required Art. 1934, Civil Code
b. Acceptability of withdrawal slips as deposits Firestone Tire &
Rubber Co. of the Phil. v. Court of Appeals, 353 SCRA 601 (2001)
2. Withdrawal of Funds
a. From current accounts: Allowing withdrawal of value of check drawn:
(i)
(ii)
Tax clearance required Sec. 97, NIRC; But See: xSec. 28(A)(1)
(a) and (6), NIRC
(ii)
13
(ii)
(b)
In cases of impeachment
(c)
(d)
37
14
(iv) Under the Plunder Law41 Secs. 1(d) and 4, Plunder Law;
Ejercito v. Sandiganbayan (Special Division), 509 SCRA190
(2006)
(v)
(b)
(vi) Independent auditor hired by the bank to conduct its regular audit,
provided that the examination is for audit purposes only and the
results thereof shall be for the exclusive use of the bank xDOJ
Opinion No. 243 (Series of 1957); xMarquez v. Disierto, 359
SCRA 772 (2001)
(vii) Under the PDIC42 Charter43 Sec. 8, par. Eighth, PDIC Charter
(vii) Under the Human Security Act44 Secs. 27-43, Human Security
Act
(viii) Under the NIRC Sec. 6(F), NIRC
(a)
(b)
15
(a)
(b)
(ii)
46
Intengan v. Court of Appeals, 377 SCRA 63 (2002); Estrada v. Desierto, 445 SCRA 655 (2004)
Philippine Deposit Insurance Corporation
48
Republic Act No. 3591, as amended by Republic Act No. 7400 and Republic Act No. 9576
47
16
G. GARNISHMENT
1. Procedure Sec. 9(c), Rule 39, 1997 Rules of Civil Procedure
2. Exempt Deposits
a. Foreign currency deposits Sec. 8, FCDA; But See xSalvacion v.
Central Bank of the Philippines, 278 SCRA 27 (1997)
b. Under the Rules of Court Sec. 13, Rule 39, 1997 Rules of Civil
Procedure
3. No violation of Law on Secrecy of Bank Deposits xChina Bank v.
Ortega, 49 SCRA 356 (1973); xPhilippine Commercial and Industrial Bank
v. Court of Appeals, 193 SCRA 452 (1991)
4. Liability for Release Rizal Commercial Banking Corporation v. De
Castro, 168 SCRA 49 (1988); xPhilippine Commercial and Industrial Bank
v. Court of Appeals, 193 SCRA 452 (1991)
H. DEPOSIT INSURANCE
1. Coverage Sec. 4, PDIC49 Charter50; Sec. 9, FCDA
2. Amount Insured: Maximum of P500,000.00 Sec. 4(g), PDIC Charter51
3. Rules on Payment Secs. 10(b) to (d), PDIC Charter
4. Liability of PDIC Philippine Deposit Insurance Corp. v. Court of
Appeals, 283 SCRA 462 (1997)
I. UNCLAIMED BALANCES
1. Definition Sec. 1, Unclaimed Balances Law
2. Report to Treasurer; Notice, Posting, Publication Sec. 2, Unclaimed
Balances Law; Republic v. Court of Appeals, 345 SCRA 63 (2000)
3. Escheat Proceedings Sec. 3, Unclaimed Balances Law
4. Effects of Compliance/Non-Compliance Secs. 4 and 5, Unclaimed
Balances Law
49
17
their
subsidiaries
and
affiliates,
52
(a) Securities dealers, brokers, salesmen, investment houses, and other entities managing
securities or rendering services as investment agents, advisor, or consultants; (b) Mutual funds,
closed-end investment companies, common trust funds, pre-need companies, and other similar
entities; (c) Foreign exchange corporations, money changers, money payment, remittance, and
transfer companies, and other similar entities; (d) Other entities administering or dealing in
currency, commodities or financial derivatives based thereon, valuable objects, cash substitutes
and other similar monetary instruments or property
53
Anti-Money Laundering Council
18
c. Failing to disclose and file report with AMLC of any monetary
instrument or property as required under AMLA
7. Unlawful Activities: Act or omission or series or combination thereof,
involving or having relation to the crimes enumerated Sec. 3(i), AMLA
8. Jurisdiction: Regional Trial Court/Sandiganbayan Sec. 5, AMLA
9. Prosecution Sec. 6, AMLA
10. Prohibition against Political Harassment Sec. 16, AMLA
11. Penalties and Other Consequences
a. Penalties Sec. 14, AMLA
(i)
(ii)
(iii)
(iv)
Money laundering
Failure to keep records
Malicious reporting
Breach of confidentiality
54
19
20
d. Floating rates of interest xSec. X305, MRB; Consolidated Bank
and Trust Corporation (Solid Bank) v. Court of Appeals, 356 SCRA
671 (2001)
4. Extraordinary Inflation/Deflation Art. 1250, Civil Code; Equitable PCI
Bank v. Ng Sheung Ngor, 541 SCRA 223 (2007)
5. Restructuring xSec. X322, MRB
E. COLLATERAL/SECURITY
1. Unsecured Loans xSec. X319, MRB
2. Joint and Solidary Signature (JSS) Art. 2047, Civil Code; xArts. 1207
to 1225, Civil Code; Security Bank and Trust Company, Inc. v. Cuenca,
341 SCRA 781 (2000); Philippine National Bank v. Court of Appeals,
198 SCRA 767 (1991); xOng v. Philippine Commercial Industrial Bank,
448 SCRA 705 (2005)
3. Loans Secured by Chattels or Intangible Property
57
Government of the Philippine Islands v. Judge of First Instance of Iloilo, 34 Phil. 157 (1916);
Tolentino v. Carlos, 66 Phil. 140 (1938); Gutierrez v. Camus, 96 Phil. 144 (1954); Araneta v. Hon.
Gatmaitan., 101 Phil. 323 (1957)
21
a. Limits Sec. 38, GBL; xSec. X313, MRB
b. Types of security
(i)
(ii)
(ii)
(iii) Specific rules for TB/RB/Coop Banks Sec. 6, Rural Banks Act;
xSubsecs.2311.4 and 3311.4, MRB
b. Right and period of redemption Sec. 47, par. 1, GBL; xSC Circular
AM No. 99-10-05 (as further amended on 7 August 2001)
(i)
(ii)
22
(v)
c. Redemption Price Sec. 47, par. 1, GBL; Sec. 6, Act No. 3135, as
amended; Sec. 28, Rule 39, 1997 Rules of Civil Procedure; Union
Bank of the Philippines v. Court of Appeals, 359 SCRA 480 (2001);
Development Bank of the Philippines v. West Negros College, Inc.,
391 SCRA 330 (2002)
d. Possession Sec. 47, par. 1, GBL; Samson v. Rivera, 428 SCRA
759 (2004)
e. Injunction and Bond Sec. 47, par. 1, GBL
(ii)
(ii)
23
a. In general Sec. 30, par. 1, GBL
(i)
(ii)
b. In specific areas
(i)
(ii)
B. OTHER KB FUNCTIONS Sec. 29, GBL; xBSP Circular No. 271 (Series of
2001)
1. Non-Core/Quasi-Banking Functions Sec. 4, GBL; Sec. 95, NCBA
2. Issuing L/Cs59 Sec. 105, NCBA; Bank of America, NT & SA v. Court
of Appeals, 228 SCRA 357 (1993); Transfield Philippines, Inc. v. Luzon
Hydro Corporation, 443 SCRA 307 (2004); Vintola v. Insular Bank of
Asia and America, 150 SCRA 578 (1987)60
3. Foreign Exchange Operations: Buying and selling foreign exchange and
gold or silver bullion Secs. 76-80, NCBA
59
Abad v. Court of Appeals, 181 SCRA 191 (1990); Reliance Commodities, Inc. v. Daewoo
Industrial Co., Ltd., 228 SCRA 545 (1993);Metropolitan Waterworks and Sewerage System v.
Daway, 432 SCRA 559 (2004);
60
Philippine National Bank v. Pineda, 197 SCRA 1 (1991); People v. Nitafan, 207 SCRA 726
(1991); Allied Banking Corporation v. Ordoez, 192 SCRA 246 (1990)
24
D. OTHER FUNCTIONS/OPERATIONS
1. Issue Guarantees See Sec. 74, General Banking Act
2. Act as Correspondent Bank Feati Bank & Trust Company v. Court
of Appeals, 196 SCRA 576 (1991); Philippine National Bank v. Court
of Appeals, 259 SCRA 174 (1996)
3. Credit Card Operations xSec. X320, MRB
(ii)
b. Funds obtained from the public (20 or more persons) Sec. 8.2, GBL
c. Minimum capital requirements (amount in million Pesos) Sec. 8.3,
GBL; xBSP Circular No. 257 (Series of 2000)
25
d. Capability and other requirements Sec. 8, par. 2, GBL
2. Stockholdings
a. Foreign stockholdings
(i)
(ii)
b. Filipino stockholdings Sec. 11, par. 1, GBL; xBSP Circular No. 256
(Series of 2000); xBSP Circular No. 332 (Series of 2002)
c. Stockholdings of family groups or related interests Secs. 12 and 13,
GBL; xBSP Circular No. 332 (Series of 2002)
d. Required public offering: At least 10% of capital stock of UB xSec.
2.2, BSP Circular No. 271 (Series of 2001)
B. DIRECTORS AND OFFICERS
1. Composition of Board Secs. 15 and 17, GBL; Sec. 7, Foreign Banks
Liberalization Act; Sec. 23, Corporation Code
2. Qualifications
a. Own at least one share Sec. 23, Corporation Code
b. Fit and proper rule Sec. 16, GBL; Busuego v. Court of Appeals,
304 SCRA 473 (1999); xSubsec. X141.1, MRB
c. Other minimum qualifications xGuidelines for the Establishment of
Banks; xSubsec. X141.2, MRB
3. Disqualifications xGuidelines for the Establishment of Banks; xSubsec.
X141.2, MRB
a. Criminal conviction Sec. 27, Corporation Code; Sec. 17, PDIC
Charter
b. Public officials Sec. 19, GBL; Sec. 5, Rural Banks Act; xSec. 10,
Appendix 38, MRB (Guidelines For The Organization Of Cooperative
Banks)
c. MB member/BSP personnel Secs. 9 and 27, NCBA
4. Compensation and Other Benefits Sec. 18, GBL; Sec. 30,
Corporation Code
5. Meetings Sec. 15, par. 3, GBL; Sec. 25, Corporation Code; xSEC
Memorandum Circular No. 15 dated 20 November 2001
6. Powers of Directors
26
a. General Powers xBSP Circular No. 283 (Series of 2001); xSubsec.
X141.3, MRB
b. Specific Duties/ Responsibilities xSubsec. X141.5 and 4141Q5, MRB
c. Certification of Directors xBSP Circular No. 283 (Series of 2001)
7. Doctrine of Apparent Authority61 Prudential Bank v. Court of
Appeals, 223 SCRA 350 (1993); First Philippine International Bank v.
Court of Appeals, 252 SCRA 259 (1996); BPI Family Savings Bank,
Inc. v. First Metro Investment Corporation, 429 SCRA 30 (2004)
8. Prohibited Acts Sec. 55.1, GBL
C. BANK OPERATIONS
1. Branches Secs. 20, 74 to 75, GBL
2. Banking Days and Hours Sec. 21, GBL; xSec. X156, MRB; xCircular
No. 500, Series of 2005
3. Independent Auditor Sec. 58, GBL
4. Financial Statements Secs. 60 to 62, GBL
5. Electronic Transactions Sec. 59, GBL
6. Unsound Banking Practice Sec. 56, GBL; xBSP Circular No. 341
(Series of 2002)
7. Settlement of Disputes Sec. 63, GBL; Home Bankers Savings and
Trust Co. v. Court of Appeals, 318 SCRA 558 (1999); Allied Banking
Corporation v. Court of Appeals, 294 SCRA 803 (1998); Insular
Savings Bank v. Far East Bank and Trust Company, 492 SCRA 145
(2006)
D. OTHER REGULATIONS
1. Risk Based Capital Sec. 34, GBL
2. Major Investments/Ownership of Real Property Secs. 50 to 52, GBL
3. Declaration of Dividends Sec. 57, GBL
E. PENALTY FOR VIOLATIONS Sec. 66, GBL; Sec. 34-37, NCBA; Perez v.
Monetary Board, 20 SCRA 592 (1967)
61
Limketkai Sons Milling, Inc. v. Court of Appeals, 1 December 1995; Rural Bank of Milaor
(Camarines Sur) v. Ocfemia, 325 SCRA 99 (2000); Philippine Commercial and International Bank
v. Court of Appeals, 350 SCRA 446 (2001)
27
AND INVOLUNTARY
30, NCBA
1. Governing Law In Re: Petition for Assistance in the Liquidation of
the Rural Bank of Bokod (Benguet), Inc., PDIC v. Bureau of Internal
Revenue, 511 SCRA 123 (2006)
2. Grounds Secs. 30 and 36, 2nd par., NCBA; Sec. 53, last par., GBL;
Banco Filipino Savings and Mortgage Bank v. Monetary Board, 204
SCRA 767 (1991); Rural Bank of San Miguel, Inc. v. Monetary Board,
Bangko Sentral ng Pilipinas, 516 SCRA 154 (2007)
2. Who May Be Receiver Sec. 30, 1st and 2nd pars., NCBA
3. Duties of Receiver Larrobis, Jr. v. Philippine Veterans Bank, 440
SCRA 34 (2004)
28
4. Close Now-Hear Later Doctrine62 Central Bank of the Philippines
v. Court of Appeals, 220 SCRA 536 (1993)
5. Liquidation
a. As opposed to rehabilitation Philippine Veterans Bank Employees
Union-N.U.B.E. v. Hon. Benjamin Vega, 360 SCRA 33 (2001)
b. Actions to take Sec. 30, NCBA
c. How assets are distributed Secs. 31 and 32, NCBA
d. All claims filed in liquidation court Ong v. Court of Appeals, 253
SCRA 105 (1996); Manalo v. Court of Appeals, 366 SCRA 752
(2001)
e. Disposition of banking franchise Sec. 33, NCBA
6. Effects of Receivership and Liquidation
a. Restriction on capacity to act Villanueva v. Court of Appeals, 244
SCRA 395 (1995); Abacus Real Estate Development Center, Inc. v.
The Manila Banking Corporation, 455 SCRA 97 (2005)
b. Penalties for transaction after Bank becomes insolvent Sec. 70, GBL
c. Effect on garnishment, levy on attachment or execution Sec. 30,
NCBA; Lipana v. Development Bank of Rizal, 154 SCRA 257 (1987)
d. Stoppage of business Provident Savings Bank v. Court of
Appeals, 222 SCRA 125 (1993)
e. Interest on deposits63 Fidelity Savings and Mortgage Bank v.
Cenzon, 184 SCRA 141 (1990); But See Rural Bank of Sta.
Catalina, Inc. v. Land Bank of the Philippines, 435 SCRA 183
(2004)
7. Judicial Review
a. Availability of remedy Sec. 30, NCBA
b. Ground: grave abuse of discretion Central Bank v. Court of
Appeals, 106 SCRA 143 (1981); Banco Filipino Savings and
Mortgage Bank v. Monetary Board, 204 SCRA 767 (1991)
c. Jurisdiction Sec. 4, Rule 65, Rules of Court
d. Who may question Central Bank of the Philippines v. Court of
Appeals, 220 SCRA 537 (1993); xCentral Bank of the Philippines v.
Court of Appeals, 208 SCRA 652 (1992)
62
Rural Bank of Buhi v. Court of Appeals, 162 SCRA 288 (1988); Rural Bank of Lucena, Inc. v.
Arca, 15 SCRA 66 (1965); Banco Filipino Savings and Mortgage Bank v. Monetary Board, 204
SCRA 767 (1991); Central Bank of the Philippines v. Court of Appeals, 220 SCRA 536 (1993)
63
Integrated Realty Corporation v. Philippine National Bank, 174 SCRA 295 (1989); The
Overseas Bank of Manila v. Court of Appeals, 105 SCRA 49 (1981) and 113 SCRA 778 (1982)
29
e. Actions of the MB final and executory; Injunction Central Bank of
the Philippines v. Dela Cruz, 191 SCRA 346 (1990); Sec. 22, PDIC
Charter
f. Effect of Filing Petition for Review Banco Filipino Savings and
Mortgage Bank v. Ybaez, SCRA (2004)
g. Liability of the MB and PDIC Miranda v. Philippine Deposit
Insurance Corporation, 501 SCRA 288 (2006)