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Monetary Board vs. Philippine Veterans Bank

THE HONORABLE MONETARY BOARD AND GAIL U. FULE, DIRECTOR, SUPERVISION AND EXAMINATION DEPARTMENT II, AND BANGKO SENTRAL NG PILIPINAS, PETITIONERS, VS. PHILIPPINE VETERANS BANK, RESPONDENT.

G.R. No. 189571 | 2015-01-21

THIRD DIVISION
D E C I S I O N

PERALTA, J.:

Before us is a Petition for Review on Certiorari under Rule 45 of the Regional Trial Court (RTC) of Makati City in Civil Case No. 07-271.
 
The factual antecedents follow.
 
Respondent established a pension loan product for bona fide veterans or their surviving spouses, as well as salary loan product for teachers and low-salaried employees pursuant to its mandate under Republic Act (RA) Nos. 35183 and 71694 to provide financial assistance to veterans and teachers.
 
As its clientele usually do not have real estate or security to cover their pension or salary loan, other than...