Far Eastern University-Institute of Law

GENERAL BANKING LAWS

Atty. Dino Robert L. de Leon

I. THE GENERAL BANKING LAW OF 2000 (Republic Act No. 8791)

A. Coverage
B. State Policy
C. Definition and classification of banks
D. Distinction of banks from quasi-banks and trust entities
E. Bank Powers and liabilities

Cases:
1) CA Agro-Industrial Development Corp v. Court of Appeals and
Security Bank and Trust Company, G.R. No. 90027, March 3,
1993
2) Luzan Sia v. Court of Appeals and Security Bank and Trust
Company, G.R. No. 10297, May 13, 1993

F. Diligence required of banks

Cases:
1) Simex International v. Court of Appeals, G.R. No. 88013,
March 19, 1990
2) Consolidated Bank and Trust Corporation v. Court of Appeals,
G. R. No. 138569, September 11, 2003
3) Metropolitan Bank and Trust Company v. Cabilzo, G.R. No
154469, December 6, 2006
4) PNB v. Pike, G.R. No. 157845, September 20, 2005
5) BPI v. Lifetime Marketing, G.R. No. 176434, June 25, 2008
6) BPI v. Casa Montessori, G.R. No. 149454, May 28, 2004
7) Philippine Bank of Commerce, et al. v. Court of Appeals, et al .,
G.R. No. 97626 March 14, 1997
8) Reyes, et al. v. Court of Appeals, et al., G.R. No. 118492, August
15, 2001

G. Authority of the Bangko Sentral ng Pilipinas

Case:
1) Central Bank v. Citytrust Bank, G.R. No. 141835, February 4,
2009

REFERENCES:

Timoteo B. Aquino, Notes and Cases on Banking Law and Negotiable Instrument Law,
Rex Book Store (primary reference)

Efren L. Dizon and Efren Vincent M. Dizon, Banking Laws and Jurisprudence, Rex
Book Store

Rafael A. Morales, The Philippine Banking Law (Annotated), First Lexiana Enterprises

Larry P. Ignacio, Banking and Allied Laws, Central Books