(NAR) VOL. 19 NO. 1 / JANUARY - MARCH 2008
"A bank may be authorized, upon prior Monetary Board approval to render the following services in favor of subsidiaries, affiliates and companies related to it by at least five percent (5%) common ownership:SECTION 2. The foregoing amendment shall likewise apply to the corresponding provisions in the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI).
xxx xxx;
u. Production of credit cards and preparation of statement of accounts
xxx xxx."