BSP to implement new e-system for loans

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Under the Foreign Loan Approval and Registration System or FLAReS, applications for approval/registration of loans shall be submitted via Internet to the Bangko Sentral, through the International Operations Department (IOD). The system will also allow applicants to monitor the status of their applications, as well as exchange communications with the BSP-IOD, online. The FLAReS is in line with the BSP?s thrust to promote the use of technology in the delivery of public service. Public and private sector entities with planned borrowings are, thus, enjoined to immediately enroll with FLAReS. The FLAReS Primer and User Account Registration form may be downloaded from the BSP website. ]]>

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