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Article 2
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Credit extensions to a customer made by an offshore banking branch of a bank shall be aggregated with the total credit extensions to the said customer by all business units of the said bank, and the balance thereof shall not exceed the following ceilings:<br/>(1)For domestic banks, the credit extension to a natural person shall not exceed 3% of the said bank’s net worth, and the unsecured portion thereof shall not exceed 1% of the said bank’s net worth. The credit extension to a juridical person shall not exceed 15% of the said bank’s net worth and the unsecured portion thereof shall not exceed 5% of the said bank’s net worth.<br/>(2)For foreign banks, the credit extension to a person, natural or juridical, shall not exceed 25% of the whole bank’s net worth.<br/>(3)Where a credit extension by an offshore banking branch has been approved by the competent authority, or the credit is extended to government agencies or public enterprises, the limits stipulated in the preceding paragraph shall not apply; provided, that the balance of such credit extension shall not exceed its head office’s net worth.
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