PRRD signs PH Veterans Bank Act to include post-WWII soldiers
President Rodrigo R. Duterte (File photo) MANILA - President Rodrigo R. Duterte has signed a law instituting a revised charter for the Philippine Veterans Bank (PVB) to include post-World War II veterans and soldiers. Republic Act (RA) 11597, also known as the Philippine Veterans Bank Act, increases the bank's authorized capital stock from PHP100 million to PHP10 billion to align its capitalization with the minimum level prescribed by the Bangko Sentral ng Pilipinas (BSP) for private commercial banks. "The capital stock of the Veterans Bank shall be PHP10 billion divided into PHP75,00...
Source: philippinetimes.com