Asset

Asset refers to movable, immovable, tangible, or intangible resources or properties over which a bank has an established or equitable interest, including the proceeds of the sale of its bank and branch licenses subject to the approval of the Bangko Sentral ng Pilipinas. (Sec. 5(a), R.A. No. 3591, as renumbered and amended by R.A. No. 10846)