(NAR) VOL. 21 NO. 2 APRIL - JUNE 2010
x x xEffectivity. This Circular shall take effect on 15 March 2010.
§ X268.3 Approval/Renewal of the Line. The approval/renewal of the Line shall be subject to the bank’s full compliance with the following requirements:
x x x
d. NPL ratio lower or equal to the industry average adjusted upward by two percent based on the latest available report of the SDC, or the allowable NPL ratio approved by the MB;
x x x
§ X269.4 Loan Value. The loan value of all eligible papers shall be 80% of the outstanding balance of the borrower’s credit instrument but not higher than 70% of the appraised value of the underlying collateral.
x x x