General Banking Law of 2000

April 2014

Sec. 2. Declaration of policy High degree of integrity and perfor ance 1. Simex International (Manila), Inc. vs. Court of Appeals, 183 SCRA 36 (1!! ) " #. $an% of t&e '&ilippine Islan(s vs. Interme(iate Appellate Court, # 6 SCRA ) 8 (1!!#) 3. $an% of t&e '&ilippine Islan(s vs. Court of Appeals, 3#6 SCRA 6)1 (# ) ). Consoli(ate( $an% an( *rust Corporation vs. Court of Appeals, )1 SCRA +6# (# 3) +. '&ilippine $an%in, Corporation vs. Court of Appeals, )1! SCRA )8- (# )) 6. Samsun, Construction Compan. '&ilippines, Inc. vs. /ar 0ast $an%, )36 SCRA ) # (# )) -. '&ilippine 1ational $an% vs. 'i%e, )- SCRA 3#8 (# +) 8. /ar 0ast $an% an( *rust Compan. vs. 'acilan, 2r., )6+ SCRA 3-# (# +) !. Citi3an%, 1.A. vs. Ca3amon,an, )88 SCRA +1- (# 6) 1 . Citi3an%, 1.A. vs. Sa3eniano, + ) SCRA 3-8 (# 6) 11. C&ina $an%in, Corp. vs CA, +11 SCRA 11 (# 6) 4 *&e co"pa.ee of a /C (epositor in c&ec%s (eposite( to t&e account of t&e latter ma. 3e (eeme( a (epositor t&ereof for purposes of allo5in, in6uir. into sai( /C account upon consent of suc& co"pa.ee 1#. $'I vs Casa Montessori Internationale, )3 SCRA #61 (# )) 13. '&il. $an% of Commerce vs CA, #6! SCRA 6!+ (1!!-) 1). '&il. Savin,s $an% vs C&o5%in, /oo( Corp., ++- SCRA 318 (# 8) 4 *&e proximate causee of t&e loss is not C&o5%in,7s alle,e( ne,li,ence in allo5in, Man8ano to ta%e &ol( an( encas& its c&ec%s $9* t&e 3an%7s o5n ne,li,ence in t&e supervision of its emplo.ees 5&en it overloo%e( t&e irre,ular practice of encas&in, c&ec%s even 5:o t&e re6uisite en(orsements 1+. 0. ;on8ales vs 'CI$, 6)) SCRA 18 (# 11) 4 $an% 5as ne,li,ent in not ,ivin, ;on8ales 4 an accommo(ation part. 4 proper notice relative to t&e (elin6uencies in t&e loan, t&e un<ust termination of t&e cre(it line from t&e 3an%7s ,ross ne,li,ence in not &onourin, its o3li,ation to ,ive prior notice to ;on8ales a3out suc& termination. *&is resulte( in t&e actual in<ur. of '#+ ,ooo to ;on8ales 5&ose /C= 5as fro8en an( &a( to loo% else5&ere for mone. to pa. &is (e3t. 16. Central $an% of t&e '&ils. vs. Cit.trust $an%in, Corp., +-8 SCRA #- (# !) 4 C$ an( Cit.trust are 3ot& ne,li,ent> t&e. 5ill s&are in t&e loss on a 6 ") ratio. 1-. ;. Re.es vs. CA, 363 SCRA +# (# 1) 18. /ar 0ast $an% ? *rust Co. (no5 $'I) vs *entma%ers ;roup, Inc., 6-+ SCRA +)6 (# 1#) 4 t&e 3an% faile( to present an. (ocument as 3asis for its claim t&at procee(s of t&e '1s 5ere cre(ite( to t&e accounts of respon(ents 1!. '1$ vs C&ea& C&ee C&on,, 6-1 SCRA )! (# 1#) 4 # . 06uita3le $an%in, Corp. vs Special Steel 'ro(ucts Inc ? A. 'ar(o , ;R 1o. 1-+3+ , 2une 13, # 1# 4 3an% is ,rossl. ne,li,ent for acceptin, a crosse( c&ec% for (eposit to t&e account of 9. 5&o is not t&e pa.ee #1. Sps. Serfino vs /0$*C, 683 SCRA 38 (@ct. # 1#) 4 3an%s &ave no (ut. to free8e an account 5&en t&ere is an unverifie( a(verse claim ##. Cit.trust $an%in, Corp (no5 $'I) vs. I. Aillanueva 361 SCRA ))6 (# 1) #3. 'CI $an% vs. CA an( /or( '&ils., 3+ SCRA ))6 (# 1) #). $an% of America vs. 'RC, +!) SCRA 3 1 (# !) #+. Bestmont $an% vs. M. =ela Rosa"Ramos, 68) SCRA )#! (# 1#)